─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Corringham

FRS 105 Micro Entity Accounts are prepared under the UK financial reporting framework designed for companies that qualify for the micro-entities regime and choose to apply it. For a small company in Corringham, that can mean shorter, simpler financial statements with reduced disclosure compared with the fuller frameworks available. FRS 105 is not an automatic entitlement, though — a company must meet the relevant size conditions and any other applicable rules before the regime can be used. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, follow the recognition and measurement requirements of the standard, and are presented in a form suitable for the company’s circumstances, whether you need them for members, for filing at Companies House, or simply to keep your own records in order.

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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 It Means for Micro-Entities in Corringham

FRS 105 is the UK financial reporting standard that applies to the micro-entities regime. In plain terms, it is a stripped-back set of accounting rules for the smallest companies: assets and liabilities are generally measured on a simple cost basis, there is little scope for revaluation or fair value adjustments, and the amount of disclosure in the financial statements is deliberately kept to a minimum. The micro-entities regime itself is optional — a company that qualifies may choose to use it, and if it does, FRS 105 is the framework that applies. FRS 105 Micro Entity Accounts therefore give directors, shareholders and lenders a clear but concise picture of the company’s financial position, without the extra notes and policies you would see under a larger reporting framework. For many Corringham-based owner-managed companies, that simplicity is the whole point.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is determined by the size conditions set for micro-entities, alongside other rules and exclusions that can affect particular companies. 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. Meeting 2 of those 3 tests is the usual starting point, but it is not the whole story — some companies are excluded from the regime regardless of size, and group or connected-company considerations can affect the position. For that reason, the size thresholds alone should never be treated as a guarantee that a Corringham company can use FRS 105 Micro Entity Accounts. The sensible approach is to review your company’s circumstances and confirm both eligibility and the directors’ preferred framework before the accounts are prepared.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records: bookkeeping entries, bank transactions, sales and purchase invoices, payroll information, asset purchases and any loans or director balances. Those records are then used to build financial statements that follow the presentation and measurement requirements of FRS 105 as they apply to your company. It is worth keeping two things clearly separate in your mind. First, the accounts themselves — the financial statements prepared for the company’s members and, where required, filed at Companies House. Second, your Corporation Tax obligations, which are dealt with through a Company Tax Return (CT600) submitted to HMRC. The two are connected because the figures feed into the tax computation, but they are distinct filings with distinct requirements. Professional preparation helps keep the accounting treatment consistent and the figures traceable back to source documents, which is useful if questions arise later.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Corringham

If you are unsure whether the micro-entities regime is right for your company, or you simply want your FRS 105 Micro Entity Accounts prepared accurately and on time, get in touch. Tell us about your company — its trading activity, how long it has been running, your income and outgoings, and whether you already have accounts for a previous period. We will ask about your bookkeeping records, any assets or liabilities, and the filings you already have in place, so we can assess your circumstances properly and explain your options in straightforward language. There is no obligation to proceed, and no pressure — just a clear conversation about what your FRS 105 Micro Entity Accounts need to include.

─── 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 the micro-entities regime. It sets out the recognition, measurement and disclosure requirements for companies that qualify as micro-entities and choose to use that regime. It is deliberately simpler than the fuller standards: measurement is largely cost-based, and the disclosure requirements are significantly reduced, which means shorter financial statements and fewer notes than you would see under a larger reporting framework.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualifying is not just about size — other eligibility rules and exclusions can apply to particular types of company or group. Meeting the size conditions does not automatically mean the regime must be used, and it does not guarantee eligibility on its own. The practical starting point is to check your company's circumstances against the current rules before assuming FRS 105 applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a requirement. A company that qualifies may choose to apply it, in which case FRS 105 applies, or it may instead prepare its accounts under another framework it is eligible to use, such as FRS 102. The choice usually comes down to what the directors want from the accounts, whether any lenders or other parties have specific expectations, and how much disclosure is useful or necessary.

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. Those conditions sit alongside other rules and exclusions, so a company that meets 2 of the 3 tests still needs to check that nothing else prevents it from using the regime.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader framework used by a much wider range of companies. It offers more measurement choices — including fair value and revaluation in certain circumstances — and requires substantially more disclosure, such as detailed accounting policies and supporting notes. FRS 105 removes most of those options and disclosures, keeping the financial statements short and straightforward. Which framework is appropriate depends on eligibility and on what the company wants its accounts to show.

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

Where a company is required to file annual accounts, those accounts must be delivered to Companies House in line with its filing obligations, and micro-entity accounts prepared under FRS 105 can be filed in the accepted format. The exact requirements depend on the company's circumstances and on current Companies House rules on what must be included. Filing accounts at Companies House is a separate exercise from any submission made to HMRC.

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

Yes, they are separate. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting framework for the company's financial statements. A CT600 is a Corporation Tax Return submitted to HMRC, and although it is normally prepared using figures taken from the accounts, it is a distinct filing with its own requirements and its own audience. Preparing the accounts does not, by itself, satisfy the company's Corporation Tax obligations.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 for its first accounting period if it qualifies as a micro-entity and chooses to apply the regime, although first-period figures need care because the period may be longer or shorter than twelve months and there may be little or no comparative information. Eligibility is not guaranteed simply because a company is new or small, so the position should be checked before the accounts are prepared on that basis.

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

Typically we would ask for your bookkeeping records or accounting software access, bank and credit card statements for the period, sales and purchase documentation, payroll and subcontractor information, details of any assets bought or sold, loan and director's loan account movements, stock or work in progress figures where relevant, and any previous year's accounts. Having these together before work starts helps the figures be prepared accurately and reduces the need for follow-up questions later on.