─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cononley

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies when a qualifying company chooses to apply the UK micro-entities regime. For directors in Cononley running a small limited company, that means simpler financial statements than a full FRS 102 set: a concise balance sheet, limited notes, and disclosure built around the information micro-entity readers actually need. Eligibility is not automatic, so it is worth confirming that your company meets the applicable size conditions and is not caught by one of the exclusions before you decide on the framework. Professional preparation helps because the figures in your records must be presented correctly, consistently and in the right format, whether the accounts are prepared for members, for Companies House filing, or both. If you would like to understand how FRS 105 Micro Entity Accounts would look for your Cononley company, we can talk you through the framework, review your circumstances, and prepare the statements from the information you provide.

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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 the Micro-Entities Regime Means for Your Company

FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime. In plain terms, it is a stripped-back accounting framework for very small companies: instead of the fuller measurement and disclosure requirements of FRS 102, FRS 105 lets a qualifying company present a simpler set of financial statements, with a smaller balance sheet, far fewer notes, and no requirement to revalue or fair value assets in the way larger frameworks do. The key point is that FRS 105 is not automatic. A company must first qualify for the micro-entities regime by meeting the relevant size conditions, and then the directors must actually choose to apply that regime. Once that choice is made, FRS 105 becomes the framework used to prepare the financial statements. It is also worth being clear about what FRS 105 is not: it is an accounting and reporting framework, not a tax return. Corporation Tax is dealt with separately through a CT600 submitted to HMRC, and the annual Confirmation Statement is a separate Companies House filing again. For directors in Cononley, understanding which framework applies to their accounts — and how it interacts with those other filings — is often the starting point for getting the whole year’s compliance in order.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that both qualify for the UK micro-entities regime and choose to apply it. Qualification turns on size. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. Those are the headline tests, but they are not the whole story. Separate rules and exclusions can rule certain entities out of the regime even where the numbers look small — for example, where the company is part of a group or falls into a category the regime does not cover. There are also considerations around whether the framework is suitable for a particular company’s users, such as lenders or investors who expect fuller disclosure. So while the size criteria are the natural place to start, meeting them does not by itself guarantee eligibility or make FRS 105 the right choice. For directors in Cononley, the sensible approach is to review your circumstances, confirm whether the micro-entities regime is available to you, and then decide whether to apply it.

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 properly starts with good records. We work from your bookkeeping, bank information and supporting documents to build a balance sheet and the limited notes that the micro-entities framework requires, applying the measurement rules that go with it. Where figures rest on a judgement — for example the useful life of an asset or the basis for a provision — we will explain the position so the directors can consider it rather than simply accept a number. The output is a set of financial statements prepared for the company and its members, which can then be filed at Companies House in the required format where filing is due. That is distinct from your Corporation Tax obligations: the CT600 is a separate submission made to HMRC, and the accounts filed at Companies House are not the same document as the tax return, even though both draw on the same underlying records. Keeping the two clearly separated, alongside the Confirmation Statement, helps avoid confusion about what has been filed and when. If your circumstances are unusual, or the company sits close to a size boundary, we will say so and set out the options rather than assume the micro-entities regime is the right fit.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Cononley

If you are unsure whether FRS 105 applies to your company, or you simply want the accounts prepared carefully and on time, get in touch and tell us about your circumstances. It helps to have to hand your latest set of accounts, a trial balance or bookkeeping export for the period, details of any assets purchased or sold, and an idea of what has changed in the business since the last year end. From there we can confirm how the micro-entities regime would apply to you, explain what the FRS 105 Micro Entity Accounts will include, and set out what is needed for Companies House filing separately from your Corporation Tax position. There is no obligation — the first step is a straightforward conversation about where your company stands.

─── 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 financial reporting standard used for the UK micro-entities regime. It provides a simplified basis for preparing financial statements, with a shorter balance sheet and far fewer disclosure notes than fuller frameworks such as FRS 102. It applies when a company qualifies for the micro-entities regime and the directors choose to apply it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime under the applicable size conditions and then choose to adopt that regime. Meeting the size tests is only part of the picture — certain entities are excluded from the regime regardless of size, so eligibility should be checked against the specific rules rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use FRS 105. The regime is an available option, and the directors decide whether to apply it. Some companies that could use FRS 105 choose a fuller framework instead, often because of lender, investor or group requirements.

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. Other eligibility rules and exclusions can also apply, so meeting these figures alone does not automatically mean a company qualifies.

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 micro-entities framework, with simpler measurement and much lighter disclosure. FRS 102 is the standard used by larger or more complex entities, with wider recognition, measurement and disclosure requirements. Choosing between them affects how the accounts are presented and how much is disclosed.

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

Where a company is required to file accounts, the financial statements prepared under FRS 105 are the ones filed at Companies House in the required format. Filing obligations depend on your company's circumstances and the filing deadlines that apply to it, so it is worth confirming your position rather than relying on general assumptions.

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

Yes, they are separate. FRS 105 relates to the accounting and financial reporting framework used to prepare the company's financial statements. A CT600 is a Corporation Tax Return submitted to HMRC. The two draw on the same underlying records, but they are different documents with different purposes and different submission routes.

What information is needed to prepare FRS 105 accounts?

Typically we need your bookkeeping records or a trial balance for the period, bank and payment records, details of assets bought or sold, information on any loans or creditors, and the previous year's accounts where available. Anything unusual — a one-off transaction, a change in activity, or a significant judgement — is worth flagging early so it can be considered properly.