─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Catterick Garrison

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying companies that choose to apply the UK micro-entities regime. For small limited companies in Catterick Garrison and the surrounding North Yorkshire area, this can mean shorter, simpler financial statements than those produced under a fuller reporting framework — but the accounts still need to be prepared correctly, with the right disclosures, the right accounting policies and figures that properly reflect the company’s records. Professional preparation helps you work through whether the micro-entities regime is the right fit for your circumstances, gather the information needed, and prepare accounts that are consistent with FRS 105 and with what you file at Companies House. Eligibility is not automatic simply because a company is small, so it is worth taking advice before assuming FRS 105 applies to your business.

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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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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: The Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In simple terms, it is the rulebook a qualifying company follows when it chooses to prepare micro-entity accounts — the smallest and simplest set of financial statements available under UK accounting standards. Where a company qualifies for the micro-entities regime and decides to use it, FRS 105 applies to the preparation of its financial statements. That usually means a pared-back balance sheet, a simplified profit and loss account, and far fewer notes than you would see under a larger framework. Because FRS 105 financial statements are prepared on a simpler basis, some of the measurement and disclosure options available under other standards are not available here — which is why it matters that the accounts are prepared with the framework in mind from the start. If you run a small company in Catterick Garrison, understanding whether FRS 105 Micro Entity Accounts suit your business is the first practical step.

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

FRS 105 in the UK is intended for companies that qualify for the micro-entities regime and then choose to apply it — both parts matter. 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. For companies in Catterick Garrison, that often describes a typical small limited company, but the size tests are only part of the picture. The micro-entities regime is not open to every entity regardless of size — certain company types and activities are excluded, and there are rules about group structures, parent and subsidiary relationships, and the way the conditions are applied across accounting periods. Meeting the thresholds therefore does not, on its own, guarantee eligibility for FRS 105 Micro Entity Accounts. It is also a choice rather than a default, so a qualifying company may still decide to prepare accounts under a fuller framework. Checking your circumstances properly — rather than assuming — is the reliable way to know whether FRS 105 applies to you.

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 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 financial records — bank transactions, sales and purchase invoices, payroll information, expense records, asset details and any loans or director balances — and then presented in line with the FRS 105 framework and the micro-entity requirements that apply to your company. We prepare the financial statements themselves, and can also handle the separate process of filing those accounts with Companies House, so the two are dealt with together and consistently. It is worth being clear that accounts preparation and filing at Companies House are distinct from your Corporation Tax position: a CT600 Corporation Tax Return is a separate submission made to HMRC, and it is not the same thing as your FRS 105 Micro Entity Accounts, even though both are based on the same underlying records. Likewise, a Confirmation Statement is a separate Companies House filing. Working with an experienced preparer helps reduce the risk of errors, inconsistencies and avoidable back-and-forth, and gives you financial statements that are easier to understand and rely on.

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Get Help With Your FRS 105 Micro Entity Accounts in Catterick Garrison

If you would like your FRS 105 Micro Entity Accounts handled properly, get in touch and tell us about your company. Let us know your accounting period, roughly what your turnover, balance sheet total and employee numbers look like, whether you have prepared accounts before, and how your records are currently kept — whether that is bookkeeping software, spreadsheets or a shoebox of paperwork. From there we can talk through your circumstances, explain what is involved in preparing FRS 105 Micro Entity Accounts, and set out clear, transparent pricing for the work. If you also need your Corporation Tax Return or Confirmation Statement dealt with, mention that too, and we can look at the whole picture together.

─── 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 when a qualifying company chooses to use the micro-entities regime. It sets out how the smallest companies prepare their financial statements, allowing a simplified balance sheet and profit and loss account with a much reduced set of notes compared with larger reporting frameworks. In practice, FRS 105 is the framework behind the shortest form of statutory accounts a UK company can file.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is about meeting the size conditions, but other rules and exclusions apply too — for example, certain types of company and certain entities are not eligible regardless of size. It also is not automatically the right choice for every qualifying company, so it is worth checking your position rather than assuming.

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 for it can choose to apply the regime, in which case FRS 105 governs the accounts, or it can prepare accounts under a fuller framework such as FRS 102. The right decision depends on the company's circumstances, including who relies on the accounts and whether the company wants to present more detailed information.

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 the following 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. Meeting those size tests is not the whole story, because other eligibility rules and exclusions can apply, and a company must also choose to apply the micro-entities regime for FRS 105 to be used.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels. FRS 105 is the micro-entities framework and is deliberately simpler, with fewer disclosures and a more restricted set of accounting treatments. FRS 102 is the standard applied by a much wider range of companies and generally requires more detailed recognition, measurement and disclosure. A company that is eligible for FRS 105 may still choose FRS 102 if it prefers fuller reporting.

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

Yes — a company that prepares FRS 105 Micro Entity Accounts still has to file its statutory accounts with Companies House, unless a specific filing exemption applies to it. The simplification is in how the accounts are prepared and how much they disclose, not in whether they need to be filed. Filing the accounts is separate from other obligations such as filing a Confirmation Statement.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. Both draw on the same underlying financial records, but they are prepared for different purposes and sent to different organisations, and filing one does not take the place of filing the other.

What information is needed to prepare FRS 105 accounts?

Typically we need your company's records for the accounting period: bank and credit card statements, sales and purchase invoices, payroll and employee information, details of any assets such as equipment or vehicles, information about loans, director's loan account movements, stock or work in progress figures where relevant, and the previous year's accounts if there are any. The cleaner and more complete the records, the more straightforward the preparation tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it, but eligibility still depends on the applicable size conditions and the wider rules — it is not granted automatically just because the company is new or small. In the first period, turnover and employee numbers are usually low, but other factors and exclusions can still be relevant, so it is sensible to check before committing to the framework.

What changes are coming to micro-entity accounts filing?

Filing requirements for small and micro-entity companies at Companies House have been under review, and changes have been introduced that affect how accounts are filed and what is required alongside them. Because the detail and timing of these changes matter, we would look at your specific company and accounting period and explain what currently applies to you rather than relying on general assumptions.