─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Clanfield

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — the simplest financial reporting framework available to qualifying UK companies. FRS 105 provides the framework for companies that meet the micro-entity size conditions and choose to apply that regime, allowing for a more streamlined balance sheet, profit and loss account and a reduced set of notes. If your company is based in Clanfield and operates as a small, owner-managed business, professional preparation can help ensure your accounts are put together appropriately for your circumstances, that the figures reconcile to your underlying records, and that the resulting statements are presented in line with the framework you have chosen. It also helps to keep the accounts work joined up with your other obligations, so nothing is prepared in isolation.

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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 It Means for Micro-Entities in Clanfield

FRS 105 is a UK financial reporting standard written specifically for micro-entities — the smallest companies within the UK’s company size framework. In plain terms, it is the rulebook that sets out how a qualifying company’s financial statements should look when that company chooses to apply the micro-entities regime. Compared with the fuller standards used by larger businesses, FRS 105 keeps things simple: it works on a historic cost basis, avoids more complex measurement and fair value adjustments, and requires far fewer disclosures in the notes. If your company qualifies and you decide the micro-entities regime is right for you, then FRS 105 is the standard your accounts are prepared under. For a Clanfield-based director, the practical appeal is straightforward — accounts that reflect the reality of a small company without unnecessary complexity, while still being properly prepared and filed.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it — so eligibility is about both size and the wider rules, and then about making the choice itself. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions, subject to the relevant rules and exclusions: 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 conditions are a starting point rather than the whole picture. Certain companies are excluded from the regime regardless of their size, and the rules around group structures, company type and previous accounting periods can all affect the position. A Clanfield company that appears to fall within the size thresholds is therefore not automatically eligible, and even where it is, applying the micro-entities regime remains a decision rather than a default. Checking your company’s specific circumstances before preparing FRS 105 Micro Entity Accounts is always the sensible first step.

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 in Clanfield

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, sales and purchase records, asset information and any relevant agreements. From there, the figures are reviewed, adjustments are considered where appropriate, and the financial statements are drawn up in line with the requirements of the framework the company has chosen. It is worth being clear about how the different pieces fit together: the FRS 105 financial statements are the company’s accounts, and filing them at Companies House is a separate step from dealing with Corporation Tax. A CT600 Corporation Tax Return is submitted to HMRC, not Companies House, and a Confirmation Statement is a further, separate filing. Keeping these distinct helps you understand what is being prepared, when, and for whom. Working with an accountant on your FRS 105 Micro Entity Accounts in Clanfield means the accounts are prepared on the basis of the information you provide and the reporting requirements that apply to your company, with the reasoning behind the figures explained to you rather than simply handed over.

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Get Help With Your FRS 105 Micro Entity Accounts in Clanfield

If you would like support with your FRS 105 Micro Entity Accounts, the best starting point is a straightforward conversation about your company — what it does, how it is structured, and how its records are currently kept. From there, we can look at whether the micro-entities regime appears to be an appropriate fit and what information would be needed to prepare your accounts. Bring along your bookkeeping records, details of any assets owned by the company, and any correspondence you have received about filing obligations. There is no obligation and no pressure — just a clear discussion of your circumstances and the options available to you.

─── 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 micro-entities. It sets out how the financial statements of a qualifying company should be prepared when that company chooses to apply the micro-entities regime. It is deliberately light-touch, using a historic cost basis and requiring far fewer notes and disclosures than the standards used by larger companies, which keeps the accounts proportionate to the size and complexity of a small business.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Qualification depends on meeting the relevant size conditions, and other eligibility rules and exclusions can also apply — for example, certain types of company may be excluded regardless of size. Meeting the size thresholds alone does not automatically guarantee eligibility, so it is worth checking your company's specific position before assuming FRS 105 is the right framework.

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. Some qualifying companies prefer to prepare accounts under a fuller standard, perhaps because of the way the business is financed, its plans for the future, or the expectations of lenders and investors. The decision should be made with your circumstances 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 3 applicable size conditions, subject to the relevant rules and exclusions: 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 are size tests only, and the wider eligibility rules still apply, so a company that meets two of the three conditions is not automatically entitled to use the regime.

What is the difference between FRS 105 and FRS 102?

The main difference is scale and complexity. FRS 102 is the broader UK financial reporting standard used by a wide range of companies and includes more detailed recognition, measurement and disclosure requirements, along with options such as fair value accounting. FRS 105 is a much simpler, historic cost framework reserved for qualifying micro-entities, with a shorter balance sheet and profit and loss account format and far fewer notes. Choosing between them is about which framework your company is eligible for and which best suits how the business is run and financed.

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

In most cases, a company's accounts — including micro-entity accounts — are filed at Companies House as part of its annual obligations. The filing requirements for small and micro-entity accounts have been going through a period of change, so it is worth confirming the current position for your company's accounting period rather than relying on how things worked a few years ago. Filing at Companies House is separate from any submission made to HMRC.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and generally filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The figures in the accounts usually inform the tax return, but the documents serve different purposes, go to different bodies, and are subject to different rules. A Confirmation Statement is a separate filing again.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records or accounting software access for the period, bank statements covering the full accounting year, details of sales and purchases, information about any assets owned by the company such as equipment or vehicles, loan and finance agreements, and details of any stock or work in progress. It also helps to flag anything unusual during the year, such as a change in share structure or a significant one-off transaction, so it can be treated correctly.