─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Buckley

FRS 105 Micro Entity Accounts in Buckley are prepared under the financial reporting framework for companies that qualify for the UK micro-entities regime and have chosen to apply it. This regime is designed to keep financial statements straightforward, with a simplified format and reduced disclosure requirements compared with the larger reporting frameworks that many small companies use. It is a good fit for owner-managed businesses in Buckley and the surrounding area that want accounts which reflect their position clearly without unnecessary complexity. Because eligibility for the micro-entities regime depends on a company’s size and on a number of rules and exclusions, applying FRS 105 is not automatic and is not the right answer for every small company. Professional preparation helps make sure the accounts are built from accurate financial records, prepared in line with the framework that applies to your circumstances, and presented in a way that supports the decisions you need to make as a director, as well as your ongoing reporting obligations.

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FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 302 reviews 
    
 
 
 
   
 
 
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   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
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   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
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   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
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   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
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   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
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   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
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   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
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   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail.

Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable.

I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
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   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
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   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .

─── FRS 105 EXPLAINED

FRS 105 Explained: The Reporting Framework for Qualifying Micro-Entities

FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime. In plain terms, it is the rulebook used to prepare a very simple set of annual accounts: a small number of primary statements and a limited set of notes, rather than the fuller disclosures you would see under FRS 102. It matters because it allows a qualifying company to present its results in a short, readable format that is easier for directors and lenders to follow, while still being prepared on a proper accounting basis. The key point is that FRS 105 is not compulsory simply because a company is small. The micro-entities regime is an available accounting regime, and a company that qualifies can choose to apply it — or may decide that another framework better suits its circumstances, for example if it needs to present more detailed information for a bank, investor or group. FRS 105 applies when that micro-entities regime is the regime the company has chosen, and the accounts are then prepared accordingly.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those figures give a useful starting point, but they are not the full test. A range of other eligibility rules and exclusions can apply, and certain companies are prevented from using the regime altogether, while for others the decision comes down to whether the simplified format genuinely suits how the business reports to banks, investors or group companies. Meeting the size thresholds does not automatically guarantee eligibility, and even where a company does qualify, applying the micro-entities regime remains a choice. For companies in Buckley and across the UK, the practical step is to review your position against the current rules before deciding which framework your accounts should be prepared under.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Accounts and Accurate Financial Reporting

Professionally prepared FRS 105 Micro Entity Accounts in Buckley start with accurate bookkeeping and a clear understanding of what the framework requires. We work from your financial records — sales and purchase information, bank and cash records, payroll details, asset information, loan and hire purchase agreements, and any relevant supporting documents — to build a set of financial statements that reflects your company’s transactions for the period. The preparation of the financial statements and the filing of those accounts at Companies House are one part of your reporting picture; your Corporation Tax obligations, which are dealt with separately through a CT600 return submitted to HMRC, are another. Keeping them distinct matters, because the figures, deadlines and submission routes are not the same. Our role is to prepare accounts that are consistent with the framework applicable to your company, explain the basis on which they have been prepared, and help you understand what is being filed and why. We do not claim that any filing will be automatically accepted or that a particular accounting treatment will always apply, because the outcome depends on your company’s own circumstances and on the requirements in force at the time.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Buckley

If your company may qualify for the micro-entities regime and you would like your FRS 105 Micro Entity Accounts handled properly, get in touch to talk through your circumstances. It helps to have your latest financial records to hand, along with details of your company’s activities, its assets and liabilities, any loans or hire purchase arrangements, and the period you need accounts for. We can then look at whether the micro-entities regime is likely to be available to your company, explain how FRS 105 would apply, and set out what is involved in preparing and filing the accounts. If another framework looks more appropriate for your situation, we will tell you that too. Reach out to discuss your FRS 105 Micro Entity Accounts requirements and the information we would need to assess them.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the financial reporting standard used in the UK for companies applying the micro-entities regime. It sets out how a qualifying micro-entity prepares its annual accounts, including the primary statements and the limited notes that accompany them. Its aim is to keep reporting short and straightforward, so the accounts show the company's position without the wider disclosures required under fuller frameworks.

Who can use FRS 105?

FRS 105 is for companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those size conditions is not the whole story — other eligibility rules and exclusions can apply, so eligibility should be checked against your company's specific situation rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can choose to apply it and therefore use FRS 105, but it may instead decide that another framework suits its needs better. That could be the case where a lender, investor, group parent or other party expects more detailed information than FRS 105 accounts provide.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they suit different sizes of company. FRS 105 is the lighter framework for qualifying micro-entities, with a simpler format and far fewer disclosures. FRS 102 is the fuller standard used by larger small companies and others, and it generally requires more detailed accounting and more extensive notes to the accounts. Choosing between them is not simply a matter of preference — it depends on which regime your company qualifies for and decides to apply.

Do FRS 105 accounts need to be filed with Companies House?

Where a company prepares its annual accounts under FRS 105, those accounts are generally the ones delivered to Companies House for that period, although certain exemptions and alternative filing routes can apply. Filing arrangements for small and micro-entity accounts have been changing, with Companies House moving towards accounts being delivered using software, so it is worth confirming the current requirements before you file. We can help you prepare the accounts and understand what needs to be submitted.

Is a Corporation Tax Return (CT600) separate from FRS 105 accounts?

Yes. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime and generally filed at Companies House. A CT600 is a separate Corporation Tax return submitted to HMRC to report the company's taxable profits and calculate the tax due. The two are prepared on different bases for different purposes, they go to different bodies, and they can have different deadlines, so they should be treated as distinct pieces of work.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 in its first accounting period if it qualifies for the micro-entities regime and chooses to apply it, but this needs to be assessed rather than assumed. Size conditions are measured against the period in question, and other rules or exclusions may affect availability, particularly where the company is part of a group or has unusual transactions. It is worth reviewing this early, because the framework you use shapes how the first set of accounts is put together.

What information is needed to prepare FRS 105 Micro Entity Accounts?

We normally need your bookkeeping or accounting records for the period, bank and cash statements, sales and purchase information, payroll details, and records of any assets, loans or hire purchase agreements. Details of amounts owed to and by the company, along with any relevant supporting documents, help ensure the accounts are complete and consistent. Providing this information early makes the preparation process smoother and reduces the chance of queries later on.