─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cobham

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime for companies that qualify for it and choose to apply it. For directors in Cobham running a small limited company, this framework offers a simplified route to financial reporting, with a reduced set of disclosure requirements compared with larger reporting frameworks. Whether you are newly incorporated, trading steadily, or reviewing how your year-end accounts are put together, professional support can help make sure your FRS 105 Micro Entity Accounts reflect your actual financial records, are prepared on a consistent basis, and are set out clearly for both Companies House filing and your own understanding of the business. Because eligibility depends on a company’s size and on other rules and exclusions, the starting point is always a proper review of your circumstances before any framework is assumed to apply.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities — very small companies that meet the relevant size conditions and choose to apply the micro-entities regime. In simple terms, it allows qualifying companies to prepare simpler financial statements than those required under larger frameworks such as FRS 102, with lighter disclosure and a more straightforward layout. The key point is that the micro-entities regime is a choice available to companies that qualify; FRS 105 applies when that regime is selected rather than being an automatic default for every small company. When FRS 105 Micro Entity Accounts are prepared, the figures still come from your underlying bookkeeping and records — the year-end accounts simply present them in the reduced format the framework allows. That makes it important to keep accurate records through the year, so that the accounts, and any related filings, are built on a reliable base.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Size is the starting point. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those thresholds describe the size test only. Other eligibility rules and exclusions also apply, and certain types of company are not able to use the regime regardless of their size, so meeting two of the three conditions does not by itself guarantee eligibility. Eligibility can also change from year to year as a company grows or its activities shift. For a Cobham-based company weighing up FRS 105 Micro Entity Accounts, the practical approach is to look at the actual figures, confirm whether any exclusions apply, and then decide whether the micro-entities regime is the right fit for that period.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts well starts with your financial records: bookkeeping, bank transactions, sales and purchase information, payroll details where relevant, and supporting documentation for assets and liabilities. From there, the accounts are drafted in line with the applicable reporting requirements for the micro-entities regime, then reviewed with you so the figures make sense in the context of how the company actually trades. It is worth keeping two things clearly separate. The first is the preparation of the financial statements and their filing with Companies House, which is an accounts obligation for the company. The second is Corporation Tax, which is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC, along with any Confirmation Statement obligations. Good accounts preparation supports both, but they are distinct filings with distinct purposes. Our role is to prepare your FRS 105 Micro Entity Accounts carefully and accurately from the information you provide, and to explain what has been done and why.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Cobham

If you would like support with your FRS 105 Micro Entity Accounts in Cobham, the next step is a straightforward conversation about your company. Tell us what you trade, how long you have been operating, roughly what your turnover, balance sheet total and employee numbers look like, and how your records are currently kept. From that, we can assess whether the micro-entities regime is likely to be relevant to you and discuss how your accounts would be prepared and filed. There is no obligation and no pressure — just clear, practical guidance, transparent pricing, and a proper look at your circumstances before anything is agreed.

─── 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 a simplified basis for preparing financial statements for companies that qualify for the micro-entities regime and choose to apply it, with fewer disclosures and a more straightforward format than larger frameworks. It deals with how the accounts are prepared and presented, not with how much tax a company pays.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and decide to apply it. Qualification depends on size conditions and on other eligibility rules and exclusions, so meeting a size test alone does not automatically mean a company can or should use FRS 105. Some companies are excluded regardless of size, and a company that qualifies may still prefer a different framework. It is worth reviewing your position before assuming which framework applies.

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 if it does, FRS 105 applies to those accounts. Equally, a qualifying company may choose a different framework. The decision is usually made with reference to the company's circumstances, its reporting needs and the preferences of directors and any other users of the accounts.

What are the 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. These are size conditions only — other rules and exclusions can affect whether a company is eligible for the micro-entities regime, so the criteria should be checked against your specific circumstances rather than applied as a simple tick-box.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard and is deliberately streamlined, with limited disclosure requirements. FRS 102 is a broader standard used by many small and larger entities, and it generally requires more detailed accounting and disclosure. The practical difference is the level of detail in the accounts, so the choice of framework should suit the company's size and reporting needs.

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

Limited companies normally need to file annual accounts with Companies House, and where the micro-entities regime has been applied, those accounts would be prepared under FRS 105. The preparation of the financial statements and the filing of them with Companies House are part of the same accounts obligation, but the exact filing requirements depend on the company's circumstances and the applicable rules in force at the time. We can talk you through what applies to your company.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, while a Corporation Tax Return (CT600) is a separate filing made to HMRC to report the company's taxable profits and calculate Corporation Tax. The accounts and the tax return are linked because both draw on the company's results, but they are different documents with different purposes, different recipients and potentially different deadlines. A Confirmation Statement is a further, separate filing.

Can a new limited company use FRS 105?

A newly incorporated company can apply the micro-entities regime if it qualifies and chooses to do so — being new does not rule it out, and nor does it guarantee eligibility. A company with no trading history, or one in its first period of trading, may have limited figures, but the size conditions and any exclusions still need to be considered. As the company grows, its eligibility can change, so it is sensible to review the position each year rather than treating an earlier decision as permanent.

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

In practice, the main items are accurate bookkeeping records covering the period, bank and credit card statements, sales and purchase information, details of any fixed assets and liabilities, payroll or employee information where relevant, and records of any loans or director's transactions. Anything unusual — a significant purchase, a change in how income is earned, or a new source of funding — is worth flagging early. The clearer and more complete your records, the more straightforward the preparation of the accounts tends to be.