─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Chislehurst

FRS 105 Micro Entity Accounts in Chislehurst are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the micro-entities regime. FRS 105 sits within the UK’s suite of accounting standards and offers a simplified basis of preparation for companies that meet the relevant size conditions and are not excluded from the regime. Meeting the size thresholds alone does not automatically mean a company qualifies, and choosing the micro-entities regime is a decision rather than a default. Professional preparation helps ensure the accounts reflect your company’s actual circumstances — its income, assets, liabilities and ownership structure — rather than being squeezed into a template that does not fit. We work from your financial records, prepare the financial statements in line with the applicable requirements, and explain what the figures mean so you can file with confidence.

🔥 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: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In plain terms, it is a simplified way of preparing annual financial statements for very small companies, cutting out much of the measurement complexity and disclosure detail found in fuller accounting frameworks. Rather than recording assets at fair value or revaluing investments, FRS 105 generally keeps to a more straightforward, cost-based approach, which suits owner-managed businesses with uncomplicated affairs. It matters because the framework you apply shapes how your profit, assets and liabilities appear in your accounts. The micro-entities regime is optional: a company that qualifies can choose it, and FRS 105 is the standard that applies when that choice is made. For Chislehurst companies, understanding this distinction early makes the preparation and filing process far smoother.

Who Can Use FRS 105 in the UK? A Guide for Chislehurst Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. In broad terms, the regime is aimed at very small companies, and for accounting periods beginning on or after 6 April 2025 the size conditions are 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. A company generally needs to meet at least 2 of those 3 applicable conditions. That is the starting point rather than the whole test: other eligibility rules and exclusions apply, and certain types of entity are not able to use the regime at all. It also remains a choice — a qualifying company can adopt the micro-entities regime and apply FRS 105, or use a different framework. For Chislehurst businesses, the sensible approach is to check the position against your own figures and circumstances before the accounts are prepared.

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 properly means starting from reliable financial records — bank transactions, sales and purchase invoices, payroll information, asset purchases and any loans or director balances — and then presenting them in a format that meets the applicable reporting requirements for a micro-entity. The accounts themselves are the financial statements: a balance sheet, notes and any accompanying information required under the framework chosen. Filing those accounts with Companies House is a separate step from your Corporation Tax obligations. A CT600 is a Corporation Tax Return submitted to HMRC, and the profit figure used for tax purposes is not always identical to the result shown in the accounts, so the two should be considered together even though they are prepared for different purposes. Our approach is to build the accounts from your records, apply the framework consistently, and flag anything that needs your attention before filing.

ICAEW

ACCA

AAT

Ready to Sort Out Your FRS 105 Micro Entity Accounts in Chislehurst?

If you run a small company in or around Chislehurst and want your FRS 105 Micro Entity Accounts handled properly, the best next step is a straightforward conversation about where your business currently stands. Tell us about your company’s activities, its income and expenditure over the period, what it owns and owes, and how it has been reported previously. That gives us enough to assess whether the micro-entities regime is likely to be a sensible fit, or whether a different framework would serve you better. We can then explain the information we need, talk you through clear, transparent pricing options, and set out what the preparation and filing process involves — with no obligation and no pressure.

─── 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 using the micro-entities regime. It is a simplified framework: the measurement rules are less complex than those in fuller standards, and the disclosure requirements are reduced. In practice, it means shorter, more straightforward financial statements for very small companies that qualify for the regime and choose to apply it.

Who can use FRS 105?

FRS 105 is available to companies that both qualify for the UK micro-entities regime and choose to apply it. Qualifying depends on meeting the relevant size conditions and not falling within any of the exclusions that apply to the regime. Because there are rules and exceptions beyond the headline size tests, qualification should be reviewed for your own company rather than assumed from turnover or employee numbers alone.

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 may instead prepare its accounts under a different framework, such as FRS 102. However, where a company does choose the micro-entities regime, FRS 105 is the standard that applies to those accounts, so the framework and the regime go together.

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. Other eligibility rules and exclusions can still apply, so meeting two of the three conditions does not by itself guarantee that a company qualifies.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are designed for different sizes of company. FRS 105 is the more streamlined option, with simpler measurement requirements and fewer disclosures. FRS 102 offers a fuller framework, and small companies using it typically apply the reduced disclosure section. Generally speaking, FRS 105 produces shorter accounts and less detail, while FRS 102 provides more comprehensive reporting.

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

Annual accounts prepared under the micro-entities regime are normally filed with Companies House as the company's statutory accounts, subject to the filing requirements that apply to that company. Micro-entity accounts can be filed in a simplified format, which is one of the practical attractions of the regime. The accounts filed are the financial statements themselves, not a tax return.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the accounting framework and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The two documents serve different purposes, are sent to different bodies, and the profit figures in them can differ because tax rules and accounting rules are not identical.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime in its first accounting period if it qualifies under the applicable conditions and is not excluded, and if it chooses to apply that regime. First-period accounts can raise extra questions — for example around the period length and any pre-trading costs — so it is worth reviewing the position before the accounts are prepared rather than assuming the standard applies.

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

We generally need complete records for the accounting period: bank and credit card statements, sales invoices and receipts, purchase invoices and expenses, payroll or salary details, details of any loans or director's loan movements, and information about assets owned by the company. Copies of the previous year's accounts and any relevant incorporation documents are also helpful. The cleaner and more complete the records, the more straightforward the preparation tends to be.