─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Callander — Prepared for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, the simplified UK accounting framework available to companies that qualify as micro-entities and choose to apply it. For a small company in Callander, the appeal is straightforward: FRS 105 financial statements are shorter, more streamlined and typically less costly to prepare than accounts drawn up under a fuller reporting framework, while still meeting the requirements that apply to the company’s circumstances. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built correctly from your bookkeeping records, that the disclosures included are the ones FRS 105 actually requires, and that the figures carried into your Companies House filing are consistent with the accounts you have approved. Eligibility is not automatic — it depends on the company meeting the applicable size conditions and not falling within any of the relevant exclusions — so the sensible starting point is a conversation about your turnover, balance sheet total, employee numbers and company structure before anything is prepared.

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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 Behind Micro-Entity Accounts

FRS 105 is the financial reporting standard that sits behind the UK’s micro-entities regime. In plain terms, it is a simplified set of accounting rules designed for the smallest companies, and it applies when a qualifying company chooses to use the micro-entities regime for its annual accounts. Under FRS 105, the financial statements are deliberately leaner: a small number of primary statements, limited note disclosures, and a measurement basis that keeps things straightforward rather than layering on the fair value adjustments and wider disclosures you would see under a fuller framework. That does not mean the accounts are informal or optional — they still need to be prepared properly, approved by the directors, and filed where filing is required. What it does mean is that a qualifying micro-entity in Callander can produce FRS 105 Micro Entity Accounts that are proportionate to the size and complexity of the business, giving owners and lenders a clear view of the position without unnecessary volume. The key point to hold on to is that the micro-entities regime is a choice available to qualifying companies, and FRS 105 is the standard that governs the accounts when that choice is made.

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 that choose to apply it. Meeting the size tests is the usual gateway: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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. Even where two of those three are satisfied, that alone does not guarantee eligibility. Other eligibility rules and exclusions can apply, for example in relation to certain company types, group structures, or particular regulated activities, and the tests are assessed against the correct period and the correct basis. A company that qualifies still has a choice: it may adopt the micro-entities regime and prepare FRS 105 Micro Entity Accounts, or it may prepare accounts under a fuller framework if that is more appropriate for its stakeholders. Because qualification can shift as a business grows, is acquired, or restructures, it is worth reviewing your position each year rather than treating a previous decision as permanent.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts well starts with good records. We work from your bookkeeping, bank statements, sales and purchase information, payroll details and asset records to build a set of FRS 105 financial statements that reflects what actually happened in the period, applying the recognition and measurement rules that FRS 105 sets out. That includes producing the primary statements, preparing the notes and disclosures appropriate to a micro-entity, and making sure the figures are internally consistent before the accounts are finalised and approved by the directors. It is worth being clear about the separate strands of compliance here, because they are often confused. Preparing and filing accounts with Companies House is one obligation; submitting a Corporation Tax Return (CT600) to HMRC is a different obligation, with its own deadlines, its own computations and its own basis of assessment. A Confirmation Statement is a third, separate filing. Our role is to prepare your FRS 105 Micro Entity Accounts properly and, where you ask us to, to handle the accounts filing alongside the tax work — but the accounts themselves are not a substitute for a CT600, and filing accounts does not settle a corporation tax liability. We will explain what is required in your particular case rather than assuming a one-size-fits-all answer.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Callander

If your company may qualify as a micro-entity, or you are already filing under the micro-entities regime and want your FRS 105 Micro Entity Accounts handled with more care, get in touch. The most useful first step is a short conversation in which you tell us about your company — what it does, how it is structured, roughly what level of turnover and balance sheet total you expect, how many people you employ, and whether there are any group, parent or subsidiary relationships that might affect eligibility. From there we can confirm whether FRS 105 is likely to be available to you, explain the alternatives if it is not, and set out what information we will need to prepare the accounts. Bring your records, your questions and your filing dates, and we will give you a clear picture of the work involved and how our fees are structured, with no obligation to proceed.

─── 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 is a simplified framework: fewer primary statements, limited note disclosures, and measurement rules that avoid the more complex fair value and revaluation options available under fuller standards. It exists so that the very smallest companies can produce accounts that are proportionate to their size while still being prepared on a consistent, recognised basis.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualifying is not simply a matter of being small — the company has to meet the applicable size conditions set out in the rules, and certain entity types and circumstances are excluded or restricted. A company in Callander that believes it may qualify should check its position against the current criteria rather than assuming, because the size tests look at more than one measure and the position can change from year to year.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies as a micro-entity may choose to apply it and prepare FRS 105 accounts, but it is equally entitled to prepare accounts under a fuller framework such as FRS 102 if that better suits its circumstances — for example where a lender, investor or group parent expects a wider set of disclosures. FRS 105 applies when the micro-entities regime is the regime that has been chosen.

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 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. Meeting two of those three is the usual starting test, but other eligibility rules and exclusions can apply, and the tests are assessed against the relevant period and the appropriate rules. Getting this right matters, so it is worth reviewing your specific figures and structure rather than relying on a general rule of thumb.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard: streamlined statements, minimal disclosures, and restricted accounting policy choices. FRS 102 is the standard for larger small companies and other entities, and it allows or requires a broader range of treatments and disclosures, including things like fair value accounting and deferred tax. In practice, choosing FRS 105 usually means shorter accounts and less preparation work, while FRS 102 gives a fuller picture that some lenders and group companies prefer.

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

Where a company is required to file annual accounts, the accounts prepared under FRS 105 are the accounts that get filed, and micro-entity accounts can be filed in the simplified format permitted for the regime. Filing obligations depend on the company's own position — there are exemptions for some company types — so the right approach is to confirm what applies to you. It is also important to treat this as separate from Corporation Tax: filing accounts with Companies House does not discharge any corporation tax filing or payment obligation.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and, where required, filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, based on the company's taxable profits and prepared under tax rules rather than accounting standards. The two are related — the accounts are usually the starting point for the tax computation — but they are prepared for different purposes, filed with different bodies, and subject to different deadlines.

Can a newly incorporated limited company use FRS 105?

A new company is not automatically a micro-entity. Eligibility depends on whether it meets the applicable size conditions and whether any exclusions apply, which for a first period is assessed on the basis set out in the rules rather than on a full year of trading history. Many newly formed small companies in Callander do end up in the micro-entities regime, but it should be a considered decision, and it is worth checking your position before the first set of accounts is prepared, since the framework you choose shapes what you file.