─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cinderford

If your company is based in Cinderford and qualifies for the UK micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework you can choose to apply. FRS 105 is the accounting standard written specifically for qualifying micro-entities, and it forms the basis of the accounts that support your Companies House filing. Professional preparation helps ensure your FRS 105 financial statements reflect your actual financial records and circumstances, are presented in the required format, and are consistent with the disclosures the regime expects. Whether you are a sole director company trading locally in the Forest of Dean or a small limited company serving customers further afield, having your FRS 105 Micro Entity Accounts prepared carefully means fewer surprises, clearer records, and figures you can rely on. We work through your bookkeeping, ledgers and supporting documents, discuss the judgements that matter, and prepare accounts that are appropriate to your company rather than a generic template. Eligibility is not automatic, so part of the process is confirming that the micro-entities regime is genuinely available to you and that choosing it is the right decision for 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 
    
 
 
 
   
 
 
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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

FRS 105 Explained: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard designed for micro-entities. In simple terms, it is the accounting rulebook a qualifying company can choose to follow when preparing its annual accounts, and it sits alongside the micro-entities regime set out in UK company law. When a company qualifies for that regime and decides to use it, FRS 105 applies to the preparation of its financial statements. FRS 105 is deliberately streamlined. It focuses on a simpler balance sheet and profit and loss account, with reduced disclosure requirements compared with the larger reporting frameworks, and it uses a simpler measurement approach for many items. The idea is that the owners of a genuinely small company should not have to produce the complex notes and disclosures expected of much larger businesses simply to file their accounts. That said, ‘simpler’ does not mean ‘automatic’ or ‘approximate’ — the figures still need to be accurate, the accounting policies still need to be applied consistently, and the accounts still need to be prepared correctly for the period in question. For a Cinderford-based company, understanding FRS 105 usually means answering three questions: does the company qualify for the micro-entities regime, does the director want to use it, and what does that choice mean for the accounts that get filed and the records that need to be kept.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK 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 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 during the period. Those conditions are a starting point rather than the whole test. The micro-entities regime is subject to its own rules and exclusions, and certain companies are not able to use it regardless of how small their figures are — for example, where the company is part of a group, is a particular type of entity, or falls within an excluded category. Because eligibility can change from one period to the next as turnover, balance sheet totals or headcount move, it is worth reviewing the position each year rather than assuming last year’s answer still applies. If your company is based in Cinderford, the practical question is not just whether you could use FRS 105, but whether choosing the micro-entities regime gives you the accounts that best suit how your business is run and who needs to see the figures.

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

FRS 105 Micro Entity Accounts are prepared from your company’s own financial records — bank transactions, sales and purchase information, payroll details, expense records and asset information — and then shaped into the format the micro-entities regime requires. Our role is to take those records, check them for consistency, discuss anything unclear, and prepare financial statements that present your company’s position accurately for the period. That includes producing the balance sheet and profit and loss account, applying FRS 105 accounting policies consistently, and making sure the accounts that go to Companies House match what the records actually show. It is worth being clear about what sits where: the preparation of your FRS 105 Micro Entity Accounts and their filing at Companies House is one process, while your Corporation Tax position is dealt with separately through a CT600 submitted to HMRC. A Confirmation Statement is a third, separate filing that confirms the company’s registered details. We can help you understand how these obligations fit together so that nothing is missed and no one is relying on the wrong document. Accounts prepared carefully give you a clearer view of how the business is performing, and a stronger base of information when you need to speak to a lender, apply for finance, or simply plan the year ahead.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Cinderford

If you would like your FRS 105 Micro Entity Accounts prepared properly, get in touch and tell us about your company. It helps to have an idea of your trading period, your turnover, your balance sheet position, how many people you employ, and how your records are currently kept — whether that is software, spreadsheets or a box of paperwork. From there we can talk through whether the micro-entities regime is likely to be available to you, what choosing it would mean for your accounts, and what information we would need from you to get started. There is no obligation and no pressure: the first step is simply an honest conversation about your circumstances, so you can decide whether professionally prepared FRS 105 Micro Entity Accounts are the right fit for your Cinderford company.

─── 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 the accounting rules and the simpler format that a qualifying company can use when preparing its annual financial statements under the micro-entities regime. It is deliberately lighter than the larger reporting frameworks, with a shorter balance sheet and profit and loss account and far fewer notes to prepare.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose 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, 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 also apply, so meeting the size conditions alone does not automatically mean the regime is available to you.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use it. Using the regime is a choice, and FRS 105 applies when that choice is made. A qualifying company may instead prepare its accounts under a different framework, which can mean more detail and more disclosure but may suit businesses with particular reporting needs, such as those with lender or investor requirements.

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 the micro-entities standard, with simplified presentation, simpler measurement and reduced disclosure. FRS 102 is the standard generally used by larger small companies and covers considerably more ground, including more detailed accounting treatments, fair value options and a fuller set of notes. Choosing between them depends on eligibility, the company's circumstances and what the users of the accounts actually need.

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

Preparing FRS 105 Micro Entity Accounts and filing accounts at Companies House are part of the same reporting cycle for most companies, but they are distinct steps in practice. The accounts are prepared first, then filed within the applicable deadline for the company's accounting period. Filing accounts with Companies House is a separate obligation from filing a Corporation Tax Return with HMRC, and a Confirmation Statement is a further separate filing that deals with the company's registered details rather than its figures.

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

Yes, they are separate deliverables. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which calculates the tax the company owes. The figures in the accounts usually inform the tax return, but the two documents serve different purposes, go to different recipients and have their own deadlines.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 for its first set of accounts if it qualifies for the micro-entities regime and the director chooses to apply it. Eligibility in the first period is judged against the applicable conditions, and there are rules and exclusions that can affect whether the regime is available — for example, certain company types cannot use it regardless of size. It is worth confirming the position early rather than assuming, particularly if the company is part of a group or has unusual transactions.

What information is needed to prepare FRS 105 accounts?

In practice we need a clear picture of the company's activity for the period: bank and cash records, sales and purchase information, payroll details, expense and mileage records, asset purchases and disposals, any loans or directors' loan movements, and details of stock or work in progress where relevant. Opening balances and the previous year's accounts are also useful. The cleaner and more complete the records, the smoother the process — and the easier it is to discuss anything that needs a judgement call.

What changes are coming to micro-entity accounts filing?

The way small and micro-entity accounts are filed is evolving, with a move towards filing accounts in a structured digital format rather than as simpler PDF or paper submissions. The detail and timing of these changes depend on the rules as they are introduced and on the software used. Because the requirements are shifting, it is sensible to review how you currently prepare and file your accounts each year rather than relying on how it was done previously.