─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bury

FRS 105 Micro Entity Accounts are prepared under the UK micro-entities regime, a simplified financial reporting framework available to companies that qualify as micro-entities and choose to apply it. For many small companies in Bury, FRS 105 can mean shorter financial statements, a reduced set of disclosures and a more straightforward route to preparing annual accounts — but the regime is not automatic and not right for every company. Professional preparation starts with your bookkeeping and financial records, checks your circumstances against the eligibility conditions, and then builds a set of FRS 105 accounts that reflects your trading activity accurately and appropriately. At Micro Entity Accounts, we help directors in Bury understand whether the micro-entities regime is suitable for them, prepare their FRS 105 Micro Entity Accounts properly, and keep the accounts side of their filing separate and clear from their Corporation Tax 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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard used by companies that qualify for, and choose to apply, the micro-entities regime. In plain terms, it is a simplified accounting framework: instead of the fuller presentation and disclosure requirements found in FRS 102, a micro-entity preparing FRS 105 financial statements works with a more streamlined balance sheet, limited notes and simpler measurement rules. The important point is that FRS 105 is a choice, not an obligation. A company must first qualify as a micro-entity under the applicable size conditions and any relevant exclusions, and it must then decide to use that regime; only when the micro-entities regime is applied does FRS 105 govern how the accounts are drawn up. For directors in Bury, that means FRS 105 Micro Entity Accounts can be a sensible fit for a straightforward trading company, while companies with more complex arrangements, group relationships or additional reporting needs may find a different framework more appropriate.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and decide to apply it — qualifying is one step, choosing the regime is another. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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 figures are a starting point rather than a complete answer. Certain companies are excluded from the regime, some types of business cannot use it, and particular circumstances — such as being part of a group, being an investment undertaking, or having a period that is not a full year — can affect the assessment. For directors in Bury, the sensible approach is to check eligibility against the rules that apply to your specific accounting period, confirm that the micro-entities regime is suitable for the company’s activities and users of the accounts, and only then prepare FRS 105 Micro Entity Accounts 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 Micro Entity Accounts for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is not simply a matter of dropping figures into a template. The accounts need to be built from your underlying financial records — sales, expenses, bank transactions, payroll, asset purchases, loans and amounts owed — and then presented in line with the recognition, measurement and disclosure requirements that apply under the micro-entities regime. Working with a professional team helps ensure the figures are consistent with your records, that the format suits a micro-entity, and that any points needing your attention are raised before the accounts are finalised. It is also worth keeping the different obligations clear: FRS 105 financial statements are the annual accounts prepared for the company and, where required, filed with Companies House, while a Corporation Tax Return (CT600) is a separate submission made to HMRC and calculated using tax rules rather than the accounts alone. Good preparation supports both, without confusing one with the other.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Bury

If you are unsure whether the micro-entities regime is available to your company, or you simply want your FRS 105 Micro Entity Accounts prepared and presented properly, our team can talk you through your options. Tell us about your company, your accounting period, your current bookkeeping setup and anything unusual in the year — such as loans from directors, asset purchases or changes in trading — and we can assess how your circumstances fit the micro-entities regime and what is needed to move forward. Whether you are preparing accounts for the first time, switching framework, or looking for a more straightforward way to handle your annual reporting, get in touch and we will explain the next steps.

─── 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 sets out how financial statements are prepared under the micro-entities regime. It is designed to be simpler than the fuller standards used by larger companies, with a streamlined balance sheet, limited notes and reduced disclosure. FRS 105 is not a tax calculation and it is not a filing in itself — it is the accounting framework applied when a qualifying company chooses the micro-entities regime for its annual accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK 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 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically mean the regime is available or suitable.

Is FRS 105 compulsory for every micro-entity?

No. Choosing the micro-entities regime is optional. A company that qualifies as a micro-entity may instead prepare its accounts under another appropriate framework, such as FRS 102, if that better suits its circumstances or the needs of its users. FRS 105 applies when the micro-entities regime is the framework that has been chosen, and that decision should be made deliberately rather than by default.

What is the difference between FRS 105 and FRS 102?

FRS 105 and FRS 102 are both UK accounting frameworks, but they are aimed at different sizes of company. FRS 105 is tailored to qualifying micro-entities and keeps presentation, measurement and disclosure requirements to a minimum. FRS 102 is a broader framework with more detailed recognition and measurement rules and a much fuller set of notes, and it is typically used by companies that do not qualify as micro-entities, or that prefer the additional transparency it provides. Moving between the two is possible but needs to be handled carefully.

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

Accounts prepared under FRS 105 are the company's annual accounts, and where a company is required to file annual accounts with Companies House it will normally file those accounts, often in the simplified micro-entity format. Filing expectations for small and micro-entity accounts have been evolving, so it is worth confirming the current requirements for your company's accounting period rather than relying on how things were done a few years ago. Preparing the accounts and filing them are two distinct steps, and both should be planned around your company's own deadline.

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

Yes, they are separate. The FRS 105 accounts are the financial statements prepared under the micro-entities regime, while the CT600 is the Corporation Tax Return submitted to HMRC. The tax return starts from the accounts figures but then applies tax rules, adjustments and allowances that do not appear in the accounts themselves. Because the two are submitted to different bodies and have their own deadlines, it helps to deal with them as distinct pieces of work.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it, but this is not automatic. First accounting periods can raise practical questions, such as which size conditions apply and how the period is treated, and a company with little or no trading history still needs to consider any exclusions. It is worth reviewing the position before assuming the micro-entities regime applies from day one.

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

Typically we need a complete record of the period's trading: sales invoices and income, purchase invoices and expenses, bank and credit card statements, payroll information, details of any assets bought or sold, loan balances, amounts owed to and by the company, and stock or work in progress if relevant. Opening balances from the previous period, plus any prior-year accounts, are also helpful. The cleaner and more complete your records, the more straightforward it is to prepare accurate FRS 105 financial statements.