─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Clydebank

If your company is a qualifying micro-entity and you have chosen to apply the micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework used to prepare your annual accounts. FRS 105 is the smallest and simplest of the UK accounting standards, designed for companies whose size and activity fall within the micro-entity limits and who decide that this regime suits their circumstances. For directors in Clydebank, the practical value of professional preparation lies in getting the detail right: presenting the balance sheet, the notes and the accounting policies in a way that reflects the company’s actual financial records and the reporting requirements that apply to it. We work through your bookkeeping, bank records and supporting documents, consider how your transactions should be treated, and prepare FRS 105 Micro Entity Accounts that are consistent with the information you have provided. We also explain, in plain terms, what the figures mean and what still needs to be done separately — for example, the annual accounts filing at Companies House and any Corporation Tax obligations. Eligibility for the micro-entities regime depends on your company meeting the relevant size conditions and not falling foul of any exclusions, so we look at your specific position rather than assuming that every small company qualifies. If you are unsure whether FRS 105 is the right basis for your accounts, we can talk you through the alternatives and the implications of each.

🔥 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

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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: The Micro-Entities Regime and Your Financial Statements

FRS 105 is one of the financial reporting standards used in the UK. In simple terms, it is the standard that sits behind the micro-entities regime — the lightest set of accounting rules available to the smallest companies. When a company qualifies for that regime and chooses to use it, FRS 105 is the standard its financial statements are prepared under. The idea behind the regime is to reduce the reporting burden on genuinely small businesses, so FRS 105 keeps things straightforward: a simplified balance sheet, limited notes, and a smaller set of disclosures than you would see under a fuller accounting framework such as FRS 102. What it does not do is change the fundamentals of good record-keeping. Your accounts still need to reflect what actually happened in the business — the income, the costs, the assets, the money owed to and by the company — and the figures still need to be consistent with those records. For a director in Clydebank, the useful thing to understand is that FRS 105 is an available route, not an automatic one. A company must qualify for the micro-entities regime and then actively apply it, and there are rules and exclusions that can affect whether that is possible. Where it applies, FRS 105 Micro Entity Accounts give a clear, proportionate picture of the company’s financial position without the additional complexity of a larger reporting framework.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose 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. Those figures give a useful indication of where the line sits, but they are not the whole test. The regime also comes with its own rules and exclusions, which can mean that a company meeting the size conditions is still not eligible — for example because of the type of entity it is or the nature of its activities. Equally, meeting the conditions does not force a company to use the regime; it is an option, and the directors can decide that a fuller framework better reflects the business. For companies in Clydebank, the practical approach is to look at the specific circumstances rather than assume eligibility either way, then decide whether FRS 105 Micro Entity Accounts are the right basis for preparing and filing the company’s financial statements.

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 for Clydebank Companies

FRS 105 Micro Entity Accounts are prepared from the company’s own financial records — its bookkeeping, invoices, bank statements, expense details and any other supporting information — and shaped to fit the reporting requirements that apply to it. That preparation process involves judgement as well as arithmetic: deciding how a particular transaction should be recognised, making sure the balance sheet balances for the right reasons, and drafting notes that are accurate and appropriately worded for a micro-entity. We handle that work and give you the opportunity to review the figures before anything is finalised. It is worth being clear about how the different obligations fit together. The preparation of FRS 105 financial statements and the filing of annual accounts at Companies House are one strand of your compliance, and they are separate from your Corporation Tax position, which is dealt with through a Company Tax Return (CT600) submitted to HMRC. A Confirmation Statement is a different filing again, confirming company details rather than reporting financial performance. We can help you understand which of these applies to your company and in what order, and we prepare the accounts on the basis of the information you supply and the framework your company has chosen. What we do not do is guarantee a particular outcome or present any filing as automatically accepted, because the figures and the circumstances are yours and the responsibility for the company’s records rests with the directors.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Clydebank

Whether you are preparing a first set of FRS 105 Micro Entity Accounts, switching from another accounting framework, or simply want a second pair of eyes on figures you have already drafted, we are happy to talk it through. The most useful starting point is a conversation about your company: what it does, how it is structured, when your accounting period ends, and what records you already keep. From there, we can look at whether the micro-entities regime appears to suit your circumstances, explain what information we would need to prepare the accounts, and set out how our services work alongside your other filing obligations, including the annual accounts filing at Companies House and your Corporation Tax responsibilities. Bring along your bookkeeping, bank records and any previous accounts or filings, and we can give you a clear view of the options. If you would like to discuss your FRS 105 Micro Entity Accounts requirements, get in touch and we will take it from there.

─── 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 the simplest of the UK accounting standards, offering a reduced balance sheet format, minimal notes and fewer disclosures than frameworks such as FRS 102. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard its financial statements are prepared under.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. Qualification depends on the size conditions for the micro-entities regime and on whether any exclusions apply to the company, such as its legal form or the type of business it carries on. Being small does not automatically mean a company qualifies, so eligibility needs to be considered on the company's own facts before FRS 105 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 meets the size conditions can generally choose whether to apply the micro-entities regime or to prepare its accounts under a fuller framework, and FRS 105 applies only where that regime is the option selected. The choice can have an effect on the information presented in the accounts, so it is worth considering the alternatives before deciding.

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 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. Meeting those size conditions is not the whole story, because other rules and exclusions can also affect whether the micro-entities regime is available to a particular company.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the standard used with the micro-entities regime and produces shorter, more streamlined financial statements with limited disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it generally requires more detailed accounting treatments and more extensive notes. The appropriate framework depends on the company's size, its eligibility, and which regime it chooses to apply.

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

Yes — where a company prepares its annual accounts under the micro-entities regime, those accounts form the basis of its annual accounts filing at Companies House, subject to the filing requirements that apply to it. Preparing the FRS 105 financial statements and submitting the filing are related but distinct steps, so it is worth keeping track of both. If you are unsure what your company needs to submit, we can help you work through it.

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

Yes, they are separate obligations. FRS 105 relates to the accounting and financial reporting framework used to prepare your financial statements, whereas the Company Tax Return (CT600) is a Corporation Tax filing submitted to HMRC. The figures in your accounts often form the starting point for the tax computation, but the CT600 is prepared and submitted under different rules and to a different body, so the two should not be treated as the same piece of work.

What information is needed to prepare FRS 105 accounts?

In practice, we usually need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, information on any assets owned by the company, and records of money owed to or by the business. Copies of previous accounts or filings are helpful too, as they show how items have been treated before. If your records are incomplete, that is not necessarily a barrier — it just means the first conversation is about what exists and what needs to be pulled together.