─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Caterham On The Hill

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the simplest of the UK accounting standards, designed for qualifying micro-entities, and it sets out how the financial statements should be prepared — from the balance sheet and profit and loss account through to the notes and the disclosures that apply to your circumstances. For directors in Caterham On The Hill, the practical value of getting this right is that your accounts are prepared on a consistent, framework-appropriate basis, with figures that tie back to your underlying financial records. Professional preparation can help you work through the judgements that matter: whether the micro-entities regime is appropriate for your company, how your transactions should be reflected under FRS 105, and how the resulting FRS 105 financial statements should be presented. It is not automatic that every small company qualifies for the micro-entities regime, and eligibility depends on the size conditions and the relevant rules and exclusions that apply to your company. A conversation about your circumstances is the sensible starting point.

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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

What Is FRS 105? Explained for Micro-Entities in Caterham On The Hill

FRS 105 is the UK financial reporting standard that applies when a company qualifies for the micro-entities regime and decides to use it. In plain terms, it is the rulebook for how a qualifying micro-entity’s financial statements are put together. It is deliberately stripped back compared with the larger reporting frameworks: fewer disclosures, a simpler approach to measuring assets and liabilities, and a presentation style suited to the smallest companies. The micro-entities regime is an available accounting regime, not an obligation — a qualifying company can choose to apply it, and when that choice is made, FRS 105 is the standard that governs the accounts. That matters because the framework you use affects how your figures are recognised, measured and presented, and therefore what your FRS 105 Micro Entity Accounts in Caterham On The Hill actually say about your business. It also matters because choosing the micro-entities regime brings both simplification and restrictions, so it is worth understanding the trade-offs before you decide. If you are unsure whether FRS 105 suits your company, the right step is to review your size, your structure and what you need from your accounts.

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

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is assessed against size conditions and the surrounding rules, and it is worth being precise about both. 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. The word ‘generally’ is doing real work there, because other eligibility rules and exclusions can apply — some entities are excluded from the regime regardless of their size, and company structure and the nature of the business can affect the position. That is why meeting the size thresholds should never be treated as automatic confirmation that a company qualifies, and why qualification should be reviewed rather than assumed. For directors in Caterham On The Hill considering FRS 105 Micro Entity Accounts, the practical questions are straightforward: where does the company stand against the size tests, are any exclusions relevant, and is the micro-entities regime the right choice given what the company needs from its accounts?

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 for Caterham On The Hill Companies

Preparing FRS 105 Micro Entity Accounts starts with your financial records — bank transactions, sales and purchase information, payroll details, asset purchases, loans and any other items that affect your position. Those records are then worked into a set of financial statements prepared under FRS 105, with the balance sheet, profit and loss account and any applicable notes reflecting the company’s circumstances and the requirements of the framework. It is important to separate this from your other filing obligations. Preparing and filing the annual accounts with Companies House is a distinct exercise from dealing with Corporation Tax: the accounts are the financial statements, while the Corporation Tax Return (CT600) is a separate submission made to HMRC and is calculated on its own basis. A Confirmation Statement is different again, confirming rather than reporting financial detail. Our role is to prepare the accounts carefully from the information you provide, to explain the basis on which the figures have been prepared, and to help you understand what is being filed and where. No firm can guarantee a particular outcome or acceptance of a filing, and responsibility for the accuracy and completeness of the underlying information remains with the directors — but a structured, well-documented preparation process gives you a far clearer picture of your reporting position.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Caterham On The Hill

Whether you are preparing to file your first set of FRS 105 Micro Entity Accounts, reviewing whether the micro-entities regime remains the right fit for your company, or simply want a second pair of eyes on last year’s figures, we are happy to help. To assess your circumstances properly, it helps to have a few things to hand: your latest accounts if you have them, details of your turnover, balance sheet total and employee numbers, your financial records for the period in question, and an idea of what else you need to file. From there, we can talk through your options under FRS 105, explain what the preparation process involves and outline our clear, transparent pricing and fixed-fee options. Get in touch to discuss your FRS 105 Micro Entity Accounts 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 UK financial reporting standard that applies to companies qualifying for the micro-entities regime when they choose to use that regime. It is the most simplified of the UK accounting standards, with reduced disclosure requirements and a straightforward approach to measuring assets and liabilities. It governs how the financial statements themselves are prepared — the balance sheet, the profit and loss account and any notes.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then decide to apply it. Qualifying depends on meeting the relevant size conditions and on the rules and exclusions that apply to your company — for example, certain types of entity are excluded regardless of size. Meeting the size thresholds alone does not automatically guarantee eligibility, so the position should be reviewed against your specific circumstances.

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 can choose to apply it, and FRS 105 applies when that choice is made. Qualifying companies may instead prepare accounts under a different framework, such as FRS 102, which offers more disclosure but also more flexibility in certain areas. The choice should be made deliberately, with your reporting needs in mind.

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 these 3 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 apply on top of the size tests, so meeting 2 of the 3 conditions is not by itself a guarantee that a company qualifies for the micro-entities regime.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard, with limited disclosures and simpler measurement. FRS 102 is used by a much wider range of companies and gives more detailed recognition, measurement and disclosure requirements. In practice, choosing between them involves weighing the simplicity of FRS 105 against the additional information and flexibility FRS 102 can provide.

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

The annual accounts for a company are filed with Companies House, and where a company has prepared them under FRS 105, those are the accounts that are filed. The filing obligation itself comes from company law rather than from the accounting standard. FRS 105 determines how the accounts are prepared; Companies House is where they are submitted.

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

Yes, they are separate. FRS 105 accounts are the company's financial statements, prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, calculated on its own basis and following tax rules rather than the accounting framework. Figures in the accounts inform the tax return, but they are not the same document and they are not filed with the same body.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your financial records for the period — bank statements and transactions, sales and purchase records, payroll and employee number information, details of any assets, loans or other balances, and the previous year's accounts if there are any. Where a company is new, records from the date of incorporation are needed. Having complete and well-organised information makes the preparation process smoother and helps ensure the figures reflect what actually happened.