─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Carshalto — Clear, Focused Financial Reporting for Qualifying Micro-Entities

FRS 105 provides the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. Our FRS 105 Micro Entity Accounts support in Carshalto is built around small, owner-managed companies that want their financial statements prepared under the simplified rules the micro-entities regime allows. We look carefully at your company’s circumstances, records and reporting requirements before confirming an approach, because not every small company automatically qualifies for the regime and other eligibility rules, exclusions and restrictions can apply. Where FRS 105 is suitable and has been chosen, we can help prepare accounts that reflect the company’s position under that framework, keeping the process proportionate to a micro-entity and avoiding unnecessary complexity.

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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.
  
 
      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 UK Micro-Entities Accounting Framework Means for Your Company

FRS 105 is a UK accounting standard designed for micro-entities. In straightforward terms, it sets out a simplified financial reporting framework that a qualifying company can use when it chooses to apply the UK micro-entities regime. That regime is optional — a company has to be eligible, and then it can decide whether applying FRS 105 is the right fit for its circumstances. When the micro-entities regime is used, FRS 105 provides the rules for preparing the financial statements, including how assets, liabilities, income and expenses are recognised and measured, and what needs to be disclosed. It is often attractive to small companies because it generally leans towards historical cost and requires fewer disclosures than broader frameworks such as FRS 102. For a Carshalto-based company, the practical questions are usually whether the business qualifies, whether the directors want to use the regime, and what the resulting accounts should look like. We can talk those points through with you before any work begins.

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

FRS 105 is intended for 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 the 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, not the whole test. Other eligibility rules and exclusions can apply, and certain types of company may be unable to use the regime regardless of their size. Meeting the size thresholds alone therefore does not guarantee eligibility. If your company is based in Carshalto or elsewhere in the UK and you are considering FRS 105 Micro Entity Accounts, we can help review your circumstances and explain whether the micro-entities regime appears to be available for the period in question.

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.

Accurate, Professionally Prepared FRS 105 Micro Entity Accounts for Carshalto Companies

Professionally prepared FRS 105 Micro Entity Accounts begin with reliable bookkeeping and a clear understanding of the company’s transactions. We work from your financial records — bank statements, sales and purchase information, payroll details, expense schedules, asset and liability information, loan agreements and any other relevant documents — to build the figures for the financial statements. We then prepare the accounts in line with FRS 105 where the micro-entities regime applies, reviewing the presentation so it fits the company’s circumstances. Filing financial statements with Companies House is a separate step from dealing with Corporation Tax, and a CT600 Corporation Tax Return is a distinct submission to HMRC. We can help coordinate the accounts, the Companies House filing and the tax position so the obligations are kept clear, but the company and its directors remain responsible for the accuracy of the information provided and for meeting their filing deadlines.

ICAEW

ACCA

AAT

Discuss Your FRS 105 Micro Entity Accounts in Carshalto

If you think your company may qualify for the micro-entities regime and you would like help with FRS 105 Micro Entity Accounts in Carshalto, get in touch. Tell us about your company’s trading period, your bookkeeping records, any assets or liabilities, and what you need from the accounts. We will review the information you provide and explain the available options, including whether FRS 105 appears suitable and what would be needed to prepare the financial statements. Whether you are preparing accounts for the first time, moving from a different framework, or simply want a fresh set of eyes on an existing approach, a short conversation is a useful place to start.

─── 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 micro-entities. It is a simplified accounting framework that a qualifying company can apply when it chooses to use the UK micro-entities regime. It sets out how the financial statements should be prepared and what should be disclosed, with a focus on keeping reporting proportionate for very small companies.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the 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 eligibility rules and exclusions can apply, so meeting those size thresholds alone does not automatically guarantee that the regime is available. Earlier periods have different limits, and we can check the position for your specific accounting period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a requirement. A company that qualifies can choose whether to apply it. Some qualifying companies prefer to use a different framework for reasons such as group reporting requirements, lender requests or future plans to grow or seek investment. FRS 105 applies when the micro-entities regime is chosen.

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 105 is specifically for micro-entities and is simpler and more restrictive, generally using historical cost and requiring fewer disclosures. FRS 102 is a broader framework used by many small and larger companies, with more recognition, measurement and disclosure requirements. The right choice depends on eligibility, what the users of the accounts need, and the company's plans.

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

Where a company prepares its accounts under FRS 105, those financial statements will generally need to be filed with Companies House as part of its annual accounts filing obligation, subject to the company's circumstances and any exemptions that apply. Filing accounts is separate from filing a Confirmation Statement, and both are separate from Corporation Tax. We can help identify which filings apply, but the company remains responsible for meeting its deadlines.

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

Yes. FRS 105 concerns the accounting and financial reporting framework used to prepare the company's financial statements. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and tax position. The figures in the accounts often inform the tax return, but they are separate filings for separate purposes, with different rules and deadlines. Preparing FRS 105 accounts does not itself file the CT600.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In the first period, the size conditions are considered against that period, and other eligibility rules and exclusions still need to be taken into account. Many new companies begin small enough to fall within the size limits, but that is not automatic and it should always be checked against the actual figures and circumstances.

What information is needed to prepare FRS 105 accounts?

Typically, we need the company's bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase invoices or summaries, payroll information if relevant, details of any assets and liabilities, loan or finance agreements, and previous accounts if available. We also need to know whether the micro-entities regime is being applied and whether there are any special circumstances, such as group relationships, non-standard transactions or changes in the business during the year.