─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Calmore

FRS 105 Micro Entity Accounts are the financial statements produced under the micro-entities regime, the reporting framework available to UK companies that meet the relevant size conditions and choose to apply it. In Calmore and across the UK, qualifying companies use FRS 105 because it offers a simpler, shorter set of accounts than the standards designed for larger businesses. Professional preparation starts with a review of your bookkeeping, bank records and balances, then builds a balance sheet and profit and loss account in the format the micro-entities regime requires, with the limited disclosures that apply. It also means the accounts are put together with your company’s individual circumstances in mind — its trading pattern, its assets and liabilities, and any activity-based or entity-based rules that could affect eligibility — so the figures presented are consistent and properly supported. Eligibility is never automatic, and choosing the regime is a decision that should be made deliberately rather than by default.

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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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the Financial Reporting Standard that applies to the UK micro-entities regime. It is a self-contained accounting standard written specifically for very small companies, and it sits alongside rather than within FRS 102, which is used by larger entities. In practice, FRS 105 keeps things straightforward: assets and liabilities are measured on a simple historical cost basis, fair value accounting and revaluation are not permitted, and the disclosure notes are far lighter than those required under other frameworks. A qualifying company can choose to apply the micro-entities regime, and when it does, FRS 105 is the framework its financial statements must follow. The result is a concise balance sheet and profit and loss account that still presents a true and fair view of the company’s position, in a format that is easier to read, easier to prepare and easier to file. If your company does not qualify, or decides not to use the regime, a different standard will apply instead.

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

FRS 105 is intended for companies that qualify as micro-entities under UK company law and then choose to apply the micro-entities regime. Eligibility is not decided by a single number. 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. Those tests sit alongside other rules and exclusions — certain entities and certain activities are not eligible regardless of size — so meeting the size conditions alone does not guarantee that the regime is open to you. For companies in Calmore and elsewhere in the UK, the practical route is to check eligibility against the specific rules, confirm that the regime is suitable for your circumstances, and only then prepare the financial statements under FRS 105.

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

Preparing FRS 105 Micro Entity Accounts is about more than filling in a template. The figures need to be built from your company’s underlying records — sales, costs, bank and card transactions, assets, liabilities and any amounts owed to or by the company — and then presented in line with the requirements of the micro-entities regime. We work from the information you provide to prepare a balance sheet and profit and loss account together with the limited notes that apply, and we keep the accounts and the Companies House filing as one piece of work while treating Corporation Tax separately. Your Corporation Tax Return (CT600) is submitted to HMRC and is a distinct obligation from the accounts filed at Companies House, even though both draw on the same underlying figures. Where judgement is needed, on the treatment of a transaction or on whether the micro-entities regime genuinely suits your circumstances, we explain the options and the reasoning rather than simply making the call for you.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Calmore

If your company may qualify for the micro-entities regime, the sensible next step is a straightforward conversation about your FRS 105 Micro Entity Accounts. Tell us about your company, your accounting period, how you currently keep your records, and whether you have reported under a different framework before. From there we can look at your circumstances, explain how the regime may apply to you, and set out the information we need to prepare the accounts. Whether you are a new limited company, a long-established one, or simply weighing up FRS 105 against a fuller reporting framework, we can talk through the practical implications and offer clear, transparent pricing for the work involved, including fixed-fee options where these suit. Get in touch with your requirements and we will take it from there.

─── 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 that applies to companies using the UK micro-entities regime. It is a standalone standard, separate from FRS 102, written specifically for very small companies. It restricts measurement to a straightforward historical cost basis, does not allow fair value accounting or revaluation, and requires far fewer disclosure notes than other frameworks. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the framework its financial statements must follow.

Who can use FRS 105?

It is available to UK companies that qualify as micro-entities and decide to apply the regime. 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. The micro-entities regime is an optional accounting framework. A company that qualifies can choose to use it, or it can prepare its accounts under a fuller framework such as FRS 102. The choice can affect the level of detail in the accounts and the notes, and it is worth considering alongside your wider circumstances — for example, whether a lender, investor or parent company expects a particular level of reporting, or whether your accounts need to be consolidated.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are 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. A company generally has to meet at least 2 of these 3 conditions to qualify. Beyond the size tests, other rules and exclusions apply — certain types of entity and certain activities are outside the regime regardless of size — which is why eligibility should be checked against your specific situation rather than assumed from turnover alone.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 102 is the main standard and covers a broad range of entities, with options such as fair value measurement, revaluation of assets and a fuller set of disclosure notes. FRS 105 is a slimmed-down, self-contained standard for the micro-entities regime: measurement is limited to historical cost, revaluations and fair value adjustments are not permitted, and the notes required are much shorter. FRS 105 is not simply a shorter version of FRS 102 — it has its own rules.

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

Companies that are required to file annual accounts must deliver them to Companies House, and where a company has prepared accounts under the micro-entities regime, those accounts can generally be filed in the simplified format the regime allows. Filing the accounts is separate from your Corporation Tax obligations. A CT600 is submitted to HMRC rather than Companies House, and the two are handled through different systems and on different timetables.

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

Yes. FRS 105 Micro Entity Accounts are your company's statutory financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and work out the tax due. The two draw on much of the same underlying information, but they are distinct documents with their own rules, deadlines and submission routes, so preparing one does not automatically take care of the other.

What information is needed to prepare FRS 105 accounts?

In most cases we need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, a list of assets and liabilities at the period end, information on any loans or amounts owed to or by the company, and the previous year's accounts where they exist. Confirmation of your company details and the accounting period covered is also helpful. If your records are incomplete or kept in a format that needs tidying, we can discuss what needs to be put in place before the accounts are prepared.