─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cambs

If your company is considering the simplest available financial reporting framework, FRS 105 Micro Entity Accounts may be the right fit. FRS 105 sets out the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, allowing accounts to be prepared on a streamlined basis that reflects the size and nature of a small business. In Cambs, we work with directors and owners who want their FRS 105 Micro Entity Accounts prepared properly, using their own financial records as the starting point and applying the reporting requirements that are relevant to their circumstances. Professional preparation helps to make sure the figures hang together, that the disclosures reflect the regime chosen, and that the resulting financial statements are ready for the next stage of company reporting. Eligibility is not automatic — it depends on the company meeting the relevant size conditions and on no other rules or exclusions preventing the use of the micro-entities regime — so a sensible first step is to review your position before assuming FRS 105 applies.

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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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 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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 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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 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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 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 Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that tells you how the numbers in your annual accounts should be put together when your company qualifies for the micro-entities regime and chooses to use it. Because it is designed for the smallest companies, it strips out much of the complexity found in fuller reporting frameworks, so the balance sheet, profit and loss account and any required notes are presented in a simpler, shorter form. It is important to understand the relationship between the two ideas: the micro-entities regime is the regime itself — a set of size-based conditions and rules set out in company law — and FRS 105 is the accounting standard that applies when a qualifying company decides to adopt that regime. Choosing the micro-entities regime is a decision, not an automatic outcome, and it is possible for a company that meets the size conditions to report under a different framework instead. For directors in Cambs reviewing their options, understanding FRS 105 in advance makes it far easier to see what information will be needed, what the accounts will look like, and how the accounting side fits alongside the company’s other filing obligations.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based on size, and 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 conditions are subject to the relevant rules and exclusions, and meeting them does not automatically guarantee eligibility — the regime is not open to every small company, and certain entities are excluded regardless of their size. It is also worth remembering that eligibility and choice are two different things: a qualifying company in Cambs may still decide to report under a different framework for commercial or practical reasons. Reviewing the position against the specific accounting period is the reliable way to establish whether FRS 105 Micro Entity Accounts are available to your company.

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 Cambs

FRS 105 Micro Entity Accounts are prepared from your company’s financial records — bookkeeping, bank information, sales and purchase records, asset details and any relevant supporting documents — and then shaped into financial statements that follow the applicable reporting requirements for a micro-entity. That process involves more than transferring figures onto a template: balances need to be checked, the treatment of items needs to be considered in light of the framework being used, and the resulting statements need to be internally consistent before they are finalised. It also helps to keep the different obligations clearly separated. Preparing and finalising FRS 105 financial statements is one task; filing the accounts with Companies House is a separate filing step with its own requirements; and a Corporation Tax Return (CT600) is a distinct submission made to HMRC, based on the company’s tax position rather than the accounting framework alone. Keeping those strands apart avoids confusion and helps directors understand what is being prepared, what is being filed, and where each responsibility sits. Our role is to prepare accounts carefully and accurately based on the records provided and the requirements that apply to your company, not to promise any particular filing outcome.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Cambs

If you would like your FRS 105 Micro Entity Accounts prepared with care and a clear explanation of what is involved, get in touch to talk through your requirements. We will ask about your company, your accounting period, the records you hold and how you currently handle your other filing obligations, so we can assess whether the micro-entities regime is likely to be available to you and what would be needed to prepare your accounts. Bring along your bookkeeping, bank statements, details of any assets and liabilities, and any previous accounts or filing correspondence, and we can discuss the most practical way forward for your circumstances.

─── 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 micro-entities. It is a simplified framework, which means the accounts are prepared in a shorter form than would be required under fuller reporting standards, with reduced disclosure requirements. FRS 105 only becomes relevant when a company qualifies for the micro-entities regime and chooses to apply it.

Who can use FRS 105?

FRS 105 is intended for companies that fall within the UK micro-entities regime and decide to adopt it. That means the company needs to satisfy the relevant size conditions, and it must not be excluded from using the regime by any other rule — for example, certain types of company or group structures may not be eligible. Meeting the size conditions alone does not guarantee eligibility, so the position should always be checked for the specific company and accounting period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can generally choose whether to apply it or to report under a different framework, although there may be reasons — such as the expectations of lenders, investors or group arrangements — to prefer a fuller framework. FRS 105 applies when the micro-entities regime is the chosen route.

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 during the period. These conditions sit alongside other rules and exclusions, so they are a starting point rather than a complete answer on their own.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard and is deliberately the most streamlined option, with simpler measurement and fewer disclosures. FRS 102 is a fuller framework used by larger or more complex entities, and it gives more scope for accounting policy choices and fair value style measurements. Which one applies depends on the regime the company qualifies for and chooses.

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

Where a company prepares its annual accounts under FRS 105, those accounts form the basis of its statutory annual accounts, which are then filed with Companies House in line with the company's filing obligations. Preparing the accounts and filing them are separate steps, and the filing must meet Companies House requirements for format and content in addition to following the accounting framework.

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

Yes, they are separate. FRS 105 is an accounting and financial reporting framework, and it determines how the annual accounts are prepared. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position and is based on tax rules rather than the accounting framework. The two are related in the sense that the accounts feed into the tax computation, but they are different documents with different purposes.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In the first period, the company's size will be assessed against the applicable conditions, and any relevant exclusions still need to be considered. Because a first accounting period can be unusual in length and activity, it is worth reviewing the position before deciding on the framework.

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

Typically you would provide your bookkeeping or accounting records, bank statements, sales and purchase information, details of any assets and liabilities, loan or lease agreements, payroll information where relevant, and any previous accounts or correspondence from Companies House or HMRC. Having the records complete and reconciled makes the preparation process smoother and reduces the number of questions that need to be resolved along the way.

What changes are coming to micro-entity accounts filing?

Company filing requirements do change from time to time, including in relation to how accounts are submitted and the format expected by Companies House. Because the detail matters and the rules can shift, it is sensible to check the current position for your accounting period before you prepare or file, rather than relying on how things were done previously.