─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Burton upon Trent

If your company is based in Burton upon Trent and may qualify for the UK micro-entities regime, FRS 105 Micro Entity Accounts could be the right reporting framework for you. FRS 105 is the financial reporting standard written specifically for qualifying micro-entities that choose to apply that regime, and it allows accounts to be prepared on a simpler, more streamlined basis than larger reporting frameworks. Professional preparation starts with understanding your company’s circumstances — its size, structure, trading activity and the reporting rules that apply to it — rather than assuming that every small company automatically qualifies. Working with someone who prepares FRS 105 Micro Entity Accounts regularly helps ensure your figures are presented appropriately, your disclosures reflect the requirements of the standard, and your financial statements are consistent with the records you have kept throughout the year. It also gives you a clear picture of what is included in the accounts, what is filed at Companies House, and where your separate Corporation Tax obligations begin.

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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 Standard for Qualifying Micro-Entities

FRS 105 — formally, the Financial Reporting Standard applicable to the Micro-entities Regime — is the accounting framework used by companies that qualify for, and choose to apply, the UK’s micro-entities regime. In simple terms, it is the lightest-touch financial reporting standard available to small companies, designed so that qualifying businesses can present a straightforward set of financial statements without the complexity that comes with larger reporting frameworks. When a company applies the micro-entities regime, FRS 105 is the standard that applies to its accounts, which typically means simpler measurement rules and fewer disclosures than you would see under FRS 102. Importantly, the micro-entities regime is an option, not an automatic outcome: a company must first qualify under the relevant size criteria and any other applicable rules and exclusions, and then decide whether to use the regime. For directors in Burton upon Trent running a small trading company, understanding FRS 105 means understanding both what your accounts will look like and why they are prepared that way, so you can make an informed decision about the framework that suits your business.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it, rather than to every small company by default. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable 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 thresholds are an important starting point, but they are not the whole picture. Other eligibility rules and exclusions can apply — certain company types are not permitted to use the regime, and the way a company’s accounts are prepared or its structure is organised can affect the position. That means meeting two of the three size conditions does not on its own guarantee eligibility, and it does not automatically mean FRS 105 Micro Entity Accounts are the right choice for your business. Companies in Burton upon Trent considering the micro-entities regime should review their individual circumstances and confirm that the regime is both available and suitable before the accounts are prepared on that basis.

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 Built on Accurate Financial Records

Accurate FRS 105 Micro Entity Accounts start with accurate records. When your bookkeeping, bank information and supporting documents are in order, the accounts can be prepared on a sound basis and presented in line with the requirements of FRS 105 and your company’s individual circumstances. Professional preparation covers the practical work of turning your financial records into a set of financial statements — the balance sheet, the notes required under the standard and the supporting workings — and it separates clearly from the other obligations your company has. Filing your accounts at Companies House is one task; preparing and submitting a Corporation Tax Return (CT600) to HMRC is a separate task with its own rules and deadlines, and a Confirmation Statement is separate again. Good FRS 105 Micro Entity Accounts work gives directors in Burton upon Trent a dependable set of figures for the year, an explanation of the basis on which they have been prepared, and a clear view of what still needs to be done for HMRC and Companies House.

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Get Help With Your FRS 105 Micro Entity Accounts in Burton upon Trent

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, switching from another reporting framework, or simply want your year-end figures handled properly, it is worth talking through your circumstances before anything is filed. Get in touch to discuss your company’s position and share the information needed to assess it — things such as your trading activity, your financial records, your balance sheet position, your employee numbers and your existing filings. From there, you can get clear guidance on whether FRS 105 is likely to be appropriate for your company, what preparation involves, and how the accounts fit alongside your other filing responsibilities. Transparent, fixed-fee options are available, so you know where you stand before work begins.

─── 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 UK financial reporting standard that applies to companies using the micro-entities regime. It sets out how qualifying micro-entities measure and present items in their financial statements, and it is deliberately simpler than the standards used by larger companies. In practice, it means a shorter, more straightforward set of accounts with fewer of the disclosures you would otherwise need to include.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. Eligibility depends on meeting the relevant size conditions and on any other rules or exclusions that may affect your company — for example, certain company types and structures are not able to use the regime. Meeting the size thresholds alone does not automatically mean the regime is available to you, so it is worth reviewing your specific circumstances before deciding.

Is FRS 105 compulsory for every micro-entity?

No. Using the micro-entities regime is a choice. A company that qualifies may select the regime and apply FRS 105, or it may instead prepare accounts under a different framework such as FRS 102. The decision usually comes down to the type of business, the level of detail directors and any lenders or investors want to see, and the way the company's transactions are structured. It is worth thinking about this before your year end rather than after it.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable 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. These conditions sit alongside other eligibility rules and exclusions, so satisfying two of the three does not by itself guarantee that the micro-entities regime applies to your company.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and is the more streamlined of the two, with simpler measurement requirements and fewer disclosures. FRS 102 is a broader standard used by small and larger entities and generally calls for more detailed accounting treatment and more extensive notes. Which one applies to your company depends on whether you qualify for and choose the micro-entities regime.

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

Yes — for a limited company, the annual accounts are filed at Companies House, and where the company has applied the micro-entities regime those accounts are prepared under FRS 105. The accounts are also usually provided to the company's members and used as the basis for the corporation tax computations. Filing accounts is a separate exercise from submitting a Corporation Tax Return, and the two follow different sets of rules and different submission channels.

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

Yes, they are separate. FRS 105 governs how your financial statements are prepared and presented — the statutory accounts filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report your company's taxable profits and calculate what tax is due. The accounts usually provide the starting point for the tax computations, but the CT600 is its own filing with its own requirements, and it is not the same document as your FRS 105 accounts.

What information is needed to prepare FRS 105 accounts?

Typically you will need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, details of any assets owned by the company, stock or work-in-progress figures where relevant, loan and director's account information, payroll details for employee numbers, and your previous year's accounts if you have traded before. Having these ready makes the preparation of FRS 105 Micro Entity Accounts faster and reduces the number of queries that come back to you.