─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Chacewater

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities which choose to apply the micro-entities regime. If your company is based in Chacewater and you are weighing up how to prepare and file your annual accounts, FRS 105 can offer a simpler, more streamlined route — but it is a choice with real consequences, and it is not right for every small company. Professional preparation helps you work through the detail properly: confirming whether your company qualifies under the applicable rules and exclusions, understanding how the micro-entities regime affects the figures and disclosures in your FRS 105 financial statements, and making sure the accounts are put together in a way that reflects your actual trading activity and circumstances. Rather than relying on generic templates, a considered approach looks at your records, your balance sheet, your turnover and your headcount, then builds the accounts around them. That way, the FRS 105 Micro Entity Accounts you file are consistent with your bookkeeping, sensible for your business, and prepared with the applicable reporting requirements in mind.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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: What It Is and Why It Matters

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sets out how a qualifying micro-entity prepares its annual financial statements when it chooses to apply the micro-entities regime. The regime sits alongside other accounting frameworks, and FRS 105 applies when a company qualifies for the micro-entities regime and decides to use it. What makes FRS 105 distinctive is its simplicity. It is designed for straightforward businesses, so the financial statements tend to be shorter and more direct than those prepared under a fuller framework such as FRS 102. There is less disclosure, fewer accounting policy choices and a more streamlined balance sheet and profit and loss account. For a small company in Chacewater — perhaps a sole director business, a family trading company or a modest consultancy — that can mean accounts that are easier to read and quicker to finalise. The trade-off is that the framework is deliberately narrow, so it only suits companies that genuinely meet the qualifying conditions and for whom the reduced disclosure is acceptable. That is why FRS 105 Micro Entity Accounts are usually prepared alongside a proper review of your eligibility, your records and any other filing obligations your company has.

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. Both elements matter: qualification and choice. On the size side, 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 figures give a good indication of whether a business is in the right territory, but they are not the whole story. A range of other eligibility rules and exclusions can apply, and some companies and activities are not eligible for the micro-entities regime at all, whatever their size. That means meeting the size conditions does not, by itself, guarantee access to FRS 105. For companies in Chacewater and the surrounding area, the sensible approach is to look at the applicable conditions alongside the specific rules, your company’s structure and the nature of its activities, and then decide whether preparing FRS 105 Micro Entity Accounts is appropriate. If it is, and you choose to apply the regime, FRS 105 is the framework your accounts are prepared under. If it is not, another framework will apply instead — and it is better to establish that before the accounts are drafted rather than afterwards.

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 not simply a case of dropping your figures into a template. The accounts should be built from your underlying financial records — bookkeeping, bank and ledger information, asset and liability balances, and any supporting documentation — and then presented in line with the reporting requirements that apply to the micro-entities regime. That includes getting the format right, using the appropriate statutory balance sheet and profit and loss account layouts, and applying the framework’s measurement and disclosure rules consistently. It is also worth being clear about what sits where. The preparation of your financial statements and the filing of those accounts with Companies House are separate from your Corporation Tax obligations, which are dealt with through a Corporation Tax Return (CT600) submitted to HMRC. Similarly, a Confirmation Statement is a distinct filing and does not take the place of annual accounts. Keeping these requirements separate avoids confusion and helps make sure nothing is overlooked. For businesses in Chacewater, the practical value of professional preparation lies in accuracy and consistency: accounts that reconcile with your records, reflect your company’s circumstances and are put together with the applicable requirements in mind.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Chacewater

If you are considering FRS 105 Micro Entity Accounts for your company, the most useful first step is a straightforward conversation about where you stand. Tell us about your business — what it does, how it is structured, roughly how it trades, and what records you already keep — and we can look at whether the micro-entities regime is likely to suit you and what would be involved in preparing and filing your accounts. It also helps to know what else you have on your plate, such as your Corporation Tax Return (CT600), Confirmation Statement or any other company filing requirements, so everything can be planned together rather than in isolation. Bring along your latest accounts, a trial balance or management figures if you have them, plus details of any significant purchases, loans or changes in the year. From there, you can make an informed decision about how to proceed, with clear and transparent pricing options and no obligation. Whether you are newly incorporated, have recently moved into the Chacewater area, or are simply reviewing how your accounts are prepared, we are happy to talk it through.

─── 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 sets out how a qualifying company prepares its annual financial statements when it chooses to apply the micro-entities regime. Compared with fuller frameworks, it offers a simpler presentation with reduced disclosure, which is why it is popular with very small trading companies that want clear, uncomplicated accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and choose to apply it. Qualification is based on the applicable size conditions plus a range of other rules and exclusions — for example, certain types of company and certain kinds of activity are not eligible. Meeting the size tests alone does not automatically mean a company qualifies, so eligibility should always be checked against your specific circumstances before the framework is adopted.

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 may choose to apply it and therefore prepare FRS 105 accounts, but it can instead prepare accounts under a fuller framework such as FRS 102. The right choice depends on your size, your structure, your stakeholders and whether the reduced disclosure that comes with FRS 105 is appropriate.

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. These conditions apply alongside other eligibility rules and exclusions, so satisfying two of them is a starting point rather than a guarantee that the micro-entities regime can be used.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined framework for qualifying micro-entities and is built around reduced recognition, measurement and disclosure requirements. FRS 102 is a fuller framework used by a much wider range of companies and includes more accounting policy options and significantly more disclosure. In practice, FRS 105 accounts are shorter and simpler, while FRS 102 accounts give a more detailed picture and may suit companies with more complex transactions or additional reporting needs.

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

Where a company prepares FRS 105 Micro Entity Accounts as its annual accounts, those accounts are ordinarily filed at Companies House in the normal way, following the filing requirements that apply to the company. Filing the accounts is a separate exercise from preparing them, and it is also separate from your Corporation Tax Return (CT600), which goes to HMRC rather than Companies House. Confirmation Statements are another distinct filing altogether.

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

Yes, they are separate things. FRS 105 accounts are the financial statements prepared under the micro-entities reporting framework, and they are filed at Companies House. The CT600 is the Corporation Tax Return submitted to HMRC to report your company's taxable profits and work out the corporation tax due. The figures in the two documents are connected, because both draw on the same underlying records, but they are prepared for different purposes and submitted to different authorities.

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. Because a new company has no trading history, qualification is usually considered using the figures that are available or expected for the period in question, and the other eligibility rules and exclusions still apply. It is worth reviewing this early, as the framework you adopt affects how your first set of accounts is prepared.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank and ledger information, details of assets and liabilities such as equipment, stock, loans and amounts owed, plus any supporting documents for significant transactions. It also helps to have your previous year's accounts, details of any share capital changes, and information about dividends or director's loans. Clear records make it much easier to prepare FRS 105 financial statements that tie back accurately to your business activity.

What changes are coming to micro-entity accounts filing?

The rules and expectations around company accounts and filing do change from time to time, including the size conditions that determine whether a company can use the micro-entities regime. Because the detail matters — and because eligibility depends on your own figures and circumstances rather than general assumptions — it is worth reviewing your position each year rather than relying on how things were done previously. A short conversation in advance of your year end is usually the simplest way to stay on top of any changes that affect you.