─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Coulsdon

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 provides the financial reporting framework for your annual accounts. For FRS 105 Micro Entity Accounts in Coulsdon, professional preparation can help you present your financial statements in line with the applicable requirements, based on the records and information you provide. We can help you understand whether the micro-entities regime may be available to your company, then prepare accounts that reflect its circumstances, including the balance sheet, profit and loss account and any required notes. Eligibility is not automatic, and the rules and exclusions that apply to your company should always be checked before the regime is used.

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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 for Micro-Entities in Coulsdon

FRS 105 is the UK financial reporting standard used for the accounts of qualifying micro-entities that choose to apply the micro-entities regime. In simple terms, it gives smaller companies a simpler set of accounting and disclosure requirements than larger reporting frameworks, while still producing formal financial statements. Those statements typically include a balance sheet, a profit and loss account and limited notes. The micro-entities regime is optional for companies that qualify, and FRS 105 applies when that regime is chosen. For FRS 105 Micro Entity Accounts in Coulsdon, we can explain how the framework works and prepare accounts that fit your company’s circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for companies that qualify for the UK 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 the 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. However, other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not always mean a company can use FRS 105. If you are considering FRS 105 Micro Entity Accounts in Coulsdon, we can help you review the relevant criteria and decide whether the micro-entities regime 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.

Professionally Prepared FRS 105 Micro Entity Accounts in Coulsdon for Accurate Financial Reporting

FRS 105 Micro Entity Accounts should be prepared from your company’s financial records and in line with the reporting requirements that apply to it. Professional preparation can help you produce financial statements that are clear, consistent and appropriate for a qualifying micro-entity that has chosen the regime. We can prepare the accounts and, where required, support the separate Companies House filing of those financial statements. Corporation Tax obligations are different: a CT600 Corporation Tax Return is submitted to HMRC separately, and it is not the same as the FRS 105 accounts. We do not claim guaranteed compliance, guaranteed acceptance or regulatory approval, but we do aim to prepare the accounts accurately based on the information you provide and the rules in force.

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Get Help with Your FRS 105 Micro Entity Accounts in Coulsdon

If you need support with FRS 105 Micro Entity Accounts in Coulsdon, talk to us about your company’s circumstances. We can discuss whether the micro-entities regime may be suitable, what information is needed and how the accounts preparation process works. To assess your requirements, we may ask for details such as your financial records, bank statements, sales and purchase information, payroll data, asset and liability details, and any previous accounts or filings. Get in touch to discuss your FRS 105 Micro Entity Accounts and the next practical steps.

─── 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 micro-entities that choose to apply the micro-entities regime. It sets out simpler accounting and disclosure requirements than larger frameworks while still producing formal financial statements. If a company qualifies and chooses the regime, FRS 105 Micro Entity Accounts are prepared under that standard.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK 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 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. Other rules and exclusions can apply, so meeting these size conditions alone does not guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not automatically mean FRS 105 must be used. A company that qualifies can choose whether to apply the micro-entities regime, and FRS 105 applies when that regime is chosen. If the regime is not chosen, another suitable financial reporting framework may be used instead, depending on the company's circumstances.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size criteria are generally based on meeting 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. There can also be additional rules and exclusions, so eligibility should be checked against your company's specific situation rather than assumed from the size figures alone.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simplified financial reporting framework for qualifying micro-entities, whereas FRS 102 is generally used by larger or non-micro entities. FRS 105 has reduced disclosure requirements and specific measurement rules compared with FRS 102. The right framework depends on whether the company qualifies for the micro-entities regime and whether it chooses to apply it.

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

If a company is required to file annual accounts with Companies House, its FRS 105 Micro Entity Accounts are the financial statements that may be filed, provided the company qualifies for and has chosen the micro-entities regime. Filing with Companies House is separate from Corporation Tax filing with HMRC. It is important to check the current filing requirements and the format accepted by Companies House.

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

Yes. FRS 105 Micro Entity Accounts are the company's financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC and is a separate filing obligation. The figures in the accounts and the tax return are related, but they serve different purposes and are dealt with by different authorities.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it, but eligibility is not automatic. The company's circumstances, the applicable rules and any exclusions need to be considered. For FRS 105 Micro Entity Accounts in Coulsdon, we can help review the position before the accounts are prepared.