─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Caldicot: Specialist Support for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under the UK micro-entities regime for companies that qualify for that regime and choose to apply it. If your company is based in Caldicot and meets the relevant eligibility conditions, FRS 105 can offer a simplified reporting framework with reduced disclosure compared with larger-company standards. Professional preparation helps ensure your accounts are built from the company’s financial records and presented appropriately for its circumstances, while keeping the separate Companies House filing and Corporation Tax position clearly in view. Eligibility is not automatic, so it is important to assess the rules each period before deciding whether FRS 105 Micro Entity Accounts are the right route for your company.

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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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 Caldicot Company

FRS 105 is the UK accounting standard designed for companies that qualify as micro-entities and choose to use the micro-entities regime. In simple terms, it allows eligible companies to prepare simpler financial statements with fewer disclosures than standards such as FRS 102. The regime is optional: a qualifying company can choose to apply it, and FRS 105 applies when that choice is made. For a Caldicot company, this can mean clearer, more proportionate accounts that still report the company’s financial position accurately. FRS 105 Micro Entity Accounts deal with accounting and financial reporting; they are not the same as a Corporation Tax Return (CT600) or a Confirmation Statement, which are separate filings with their own requirements.

Who Can Use FRS 105 in the UK? Guidance for Caldicot Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. In Caldicot, a limited company may be able to use FRS 105 Micro Entity Accounts if it satisfies the relevant eligibility rules. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, other eligibility rules and exclusions can apply, so meeting those size conditions alone does not guarantee that FRS 105 is available or appropriate. Eligibility should be assessed each period, and the choice to apply the micro-entities regime should be made with the company’s circumstances in mind.

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 in Caldicot

Professionally prepared FRS 105 Micro Entity Accounts start with your company’s financial records, including income, expenses, assets, liabilities and any relevant notes, and apply the reporting requirements that are appropriate to a qualifying micro-entity. The aim is accurate financial reporting that reflects the company’s circumstances and supports the annual accounts process. Where required, the financial statements can be finalised for filing with Companies House, while Corporation Tax obligations are handled separately through the CT600 process with HMRC. Good preparation does not guarantee a particular outcome or acceptance, but it does help ensure the accounts are orderly, understandable and based on the information available. For Caldicot businesses, this can make the year-end process easier to manage.

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Get Help with Your FRS 105 Micro Entity Accounts in Caldicot

If you would like support with FRS 105 Micro Entity Accounts in Caldicot, get in touch to discuss your company’s circumstances. We can talk through your eligibility considerations, the records you hold, and the information needed to assess how your accounts should be prepared. Whether you are preparing for a first set of accounts or reviewing an existing reporting approach, a conversation can help clarify the next steps and what is required from you. No obligation, just practical guidance on FRS 105 Micro Entity Accounts for your company.

─── 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 for companies that qualify for the micro-entities regime and choose to apply it. It allows qualifying micro-entities to prepare simplified accounts with reduced disclosure compared with larger reporting frameworks. It is an accounting standard, so it deals with how the financial statements are prepared and presented, not with Corporation Tax itself.

Who can use FRS 105?

FRS 105 can be used by 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 applicable size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other rules and exclusions can apply, and meeting the size conditions alone does not automatically guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a compulsory one for every micro-entity. A company that qualifies may be able to choose whether to apply the regime. If it does, FRS 105 applies to those accounts. If it does not, another applicable accounting framework may be used, depending on the company’s circumstances.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions are turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. A company generally needs to meet at least 2 of these 3 applicable conditions. There are also other eligibility rules and exclusions, so the criteria should always be checked against the company’s specific situation before assuming it qualifies.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simplified standard for qualifying micro-entities, with fewer disclosure requirements and a more proportionate approach. FRS 102 is a broader UK accounting standard used by many companies that are not micro-entities, or that choose not to apply the micro-entities regime. The right framework depends on whether the company qualifies for the micro-entities regime and what it chooses, not simply on size or turnover alone.

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

If a company prepares FRS 105 Micro Entity Accounts, it will usually need to consider its annual accounts filing requirements with Companies House, subject to the relevant company law rules and any available exemptions or filing options. The accounts filing is separate from the Corporation Tax Return submitted to HMRC. It is important to check the current filing requirements and method for the company’s situation.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. The accounts can help inform the tax return, but they are separate documents with separate purposes and requirements. Preparing FRS 105 accounts does not replace the need to deal with Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, typical information includes the company’s bookkeeping records, bank statements, sales and purchase records, payroll details if relevant, asset and liability information, and any notes needed to support the figures. It also helps to have details of the company’s activities and any changes during the period. The exact information depends on the company’s circumstances, so a review of the records is usually the starting point.