─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cockfosters

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company meets the relevant eligibility conditions and you decide to use that regime, FRS 105 Micro Entity Accounts can give you a clear, simplified way to present your financial statements. Professional preparation helps ensure the accounts are put together appropriately for your company’s circumstances, using the information in your records and the applicable reporting requirements. It does not mean every small company qualifies automatically, so it is worth checking your position before choosing an accounting framework.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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

What Is FRS 105 and Why Does It Matter?

FRS 105 is the UK financial reporting standard designed for companies that qualify for, and choose to apply, the micro-entities regime. In simple terms, it allows eligible micro-entities to prepare simpler financial statements with reduced disclosure and streamlined measurement rules compared with larger-company frameworks. FRS 105 Micro Entity Accounts are still formal accounts, but they focus on the essentials: your balance sheet, profit and loss account, and limited notes. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies when that regime is used. If you are unsure whether your company fits the regime, professional guidance can help you decide.

Who Can Use FRS 105 Micro Entity Accounts in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and 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. However, other eligibility rules and exclusions can apply, so meeting those size thresholds alone does not automatically guarantee eligibility. If your company appears to qualify and you decide to use the micro-entities regime, FRS 105 Micro Entity Accounts can be prepared under that framework. In Cockfosters and across the UK, professional guidance can help confirm whether FRS 105 is suitable for your company.

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.

Professional Preparation for Accurate FRS 105 Micro Entity Accounts

Preparing FRS 105 Micro Entity Accounts involves taking your company’s financial records and presenting them under the micro-entities regime’s reporting requirements. This includes drafting the financial statements — typically a balance sheet, profit and loss account and any required notes — based on the information you provide. Filing those accounts with Companies House is a separate step from dealing with Corporation Tax, and a Corporation Tax Return (CT600) is submitted to HMRC independently of the accounts. Professional support can help you keep the financial reporting and tax filing workstreams distinct and organised, so your accounts reflect your transactions accurately. It does not guarantee a particular outcome, but it can help you approach the process with clarity.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Cockfosters

If you would like support with FRS 105 Micro Entity Accounts in Cockfosters, get in touch to discuss your requirements. We can review the information you provide — such as your financial records, company details and reporting needs — and help you assess whether the micro-entities regime is appropriate for your circumstances. Whether you are preparing accounts for the first time or want a clearer process for your existing reporting, start a conversation and share the details needed to move forward.

─── 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 qualifying companies that choose to apply the micro-entities regime. It sets out simplified rules for preparing financial statements, including reduced disclosure requirements, so eligible micro-entities can present their accounts without the complexity of larger reporting frameworks. FRS 105 Micro Entity Accounts are used when a company qualifies for and selects the micro-entities regime.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility depends on the applicable size criteria and other rules or exclusions. 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. Meeting the size thresholds alone does not always guarantee eligibility, so the full rules should be checked.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a compulsory one. A company that qualifies may be able to choose between the micro-entities regime and another applicable framework, such as FRS 102. FRS 105 applies when the micro-entities regime is chosen. If you are unsure which framework suits your company, professional advice can help you compare the options.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are generally a 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. A company usually needs to meet at least 2 of these 3 applicable conditions, subject to the relevant rules and exclusions. Other factors can affect eligibility, so it is important not to rely on the thresholds alone.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simpler reporting framework for qualifying micro-entities that choose the micro-entities regime. FRS 102 is a broader UK financial reporting standard used by many other companies. FRS 105 generally involves reduced disclosures and simpler measurement rules, while FRS 102 can include more detailed recognition, measurement and disclosure requirements. The right framework depends on your company’s eligibility and reporting needs.

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

Many companies prepare accounts for their members and also file accounts with Companies House, but the filing obligation depends on the company’s circumstances and the applicable rules. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime; filing them is separate from preparing them. It is worth checking the current requirements for your company or seeking professional guidance so you know what applies to you.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A Corporation Tax Return (CT600) is a separate filing submitted to HMRC to report taxable profits and calculate Corporation Tax. The accounts and the CT600 are connected through your company’s financial information, but they serve different purposes and go to different recipients. Keeping both workstreams organised can help avoid confusion.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, an accountant will typically need your company’s financial records for the period. That may include bank statements, sales invoices, purchase receipts, payroll information, details of assets and liabilities, and any previous accounts or bookkeeping records. Providing complete and accurate information helps the accounts be prepared appropriately for your circumstances. If anything is missing, the accountant can usually let you know what else is needed.