─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Co.down

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities which choose to use the micro-entities regime. For small companies across Co.down, FRS 105 offers a simplified basis for preparing financial statements, but it is only available where the company meets the relevant eligibility conditions and has actively decided to apply that regime. Professional preparation helps ensure your accounts are put together properly for your specific circumstances — reflecting your actual trading activity, assets, liabilities and accounting records — rather than being squeezed into a template that does not quite fit. Because the micro-entities regime sits alongside other filing obligations, it also helps to have someone confirm how your FRS 105 Micro Entity Accounts interact with your wider company filing requirements, so nothing is overlooked.

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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
  
 
      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.
  
 
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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 Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for, and choose to use, the micro-entities regime. In plain terms, it is a simplified set of accounting rules. Instead of the more detailed measurement and disclosure requirements found in other standards, FRS 105 allows qualifying companies to prepare straightforward financial statements built around the company’s records, with fewer notes and simpler accounting treatments. It matters because the framework you report under affects how your figures are presented, what notes are included and how your accounts look to anyone who reads them, such as lenders or prospective investors. Choosing the micro-entities regime is a decision for the company, not an automatic outcome of being small, and FRS 105 is the standard that applies once that choice has been made. If your company is based in Co.down and you are unsure whether the micro-entities regime suits you, it is worth talking it through before the accounts are prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it, so eligibility is a two-part test: you have to qualify, and you have to opt in. 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. Meeting those conditions on its own is not a guarantee that the micro-entities regime is available to your company, because other rules and exclusions can apply, and certain entities are kept outside the regime entirely. If you are unsure where you stand, it is worth reviewing your position rather than assuming, particularly if your company is approaching a threshold, has a parent or subsidiary relationship, or operates under a regulated structure.

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 for Co.down Companies

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records — bank statements, sales and purchase information, expense detail, asset and liability balances, and any relevant supporting documents. From there, the financial statements are built in line with the reporting requirements that apply to the micro-entities regime, with the layout and notes tailored to a micro-entity. It is important to keep two things separate in your mind: the preparation and filing of your annual financial statements, and your Corporation Tax obligations. A CT600 is a distinct Corporation Tax filing submitted to HMRC and is not the same thing as your FRS 105 accounts, just as a Confirmation Statement is a separate Companies House filing. Working with an experienced preparer helps make sure each obligation is dealt with on its own terms and that the figures in your accounts are consistent with the information you report elsewhere.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts

If you run a small company in Co.down and want to understand whether the micro-entities regime is the right fit, or you simply need your FRS 105 Micro Entity Accounts prepared accurately and on a clear, transparent basis, get in touch. Tell us a little about your company — what it does, how it is structured, how it trades and what records you already keep — and we can assess your circumstances and explain the options open to you. Whether you are preparing accounts for the first time, switching framework, or just want a second pair of eyes on how your figures are presented, a conversation is the easiest place to start.

─── 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 sets out simplified accounting and disclosure requirements, allowing qualifying micro-entities to prepare shorter, less detailed financial statements than would be required under a fuller framework. It is a reporting standard, not a tax regime, and it does not change how much Corporation Tax your company owes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is not the same as being required — a company that is eligible may still decide to report under a different framework, for example if a lender or investor expects more detailed accounts. Eligibility depends on size criteria plus the specific rules and exclusions that apply to your company's situation.

Is FRS 105 compulsory for every micro-entity?

No. Meeting the size conditions does not force a company to use FRS 105. The micro-entities regime is an available accounting regime, and FRS 105 applies when that regime is chosen. Some companies that could use it opt for a fuller framework instead, and some are excluded from the regime altogether regardless of their size. It is a decision worth considering alongside your wider reporting needs.

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 are the headline size tests, but they are not the whole picture — other eligibility rules and exclusions can apply, and certain types of company cannot use the micro-entities regime at all.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader financial reporting standard used by a much wider range of UK companies, including small companies that do not use the micro-entities regime. FRS 105 is a separate, more streamlined standard designed specifically for micro-entities, with simpler measurement and far fewer disclosure requirements. Which one applies to you depends on whether your company qualifies for and chooses the micro-entities regime.

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

Yes — where a company prepares annual accounts, those accounts generally need to be filed with Companies House, and micro-entity accounts filed in that way should be prepared under the correct framework. Filing your accounts is a separate exercise from submitting a Confirmation Statement, which is a different Companies House filing, and from your Corporation Tax Return, which goes to HMRC.

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

Yes, they are two distinct things. Your FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities reporting framework, while a CT600 is a Corporation Tax Return submitted to HMRC. They draw on the same underlying records and should be consistent with one another, but they are prepared for different purposes, submitted to different bodies and subject to their own rules.

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, including in its first accounting period. In practice, first-year accounts often need extra care because there is no prior-year comparative position and the company's activity may have started part-way through the period. It is worth checking the eligibility position before assuming the micro-entities regime applies.

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

Typically you would provide your bank statements, sales and purchase records, expense detail, details of any assets and liabilities, share capital information and any supporting documents such as loan agreements. If your company operates in Co.down and has unusual transactions, those should be flagged early so they can be treated correctly. Good quality records make the preparation of micro-entity financial statements much more straightforward.