─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Cranfield

FRS 105 Micro Entity Accounts are prepared under the UK micro-entities regime, which is a financial reporting framework available to companies that qualify and choose to apply it. At Micro Entity Accounts, we help companies in Cranfield understand whether the regime may be suitable and prepare FRS 105 financial statements from the records provided. The focus is on presenting the company’s financial position and results in line with the applicable micro-entity requirements, while keeping the accounts clear and useful for the company’s own records and any required filing. Eligibility is not automatic, and the rules and exclusions need to be checked for each company and accounting period.

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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 
    
 
 
 
   
 
 
       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

FRS 105 Explained for Cranfield Micro-Entities

FRS 105 is the UK financial reporting standard used for FRS 105 Micro Entity Accounts when a qualifying company chooses to apply the micro-entities regime. In simple terms, it gives smaller companies a more streamlined way to prepare annual financial statements, with simpler recognition and measurement rules and reduced disclosure compared with the standards used by larger or non-micro entities. The micro-entities regime is optional for companies that qualify; FRS 105 applies when that regime is chosen. For a Cranfield company, the practical effect is often a shorter set of accounts that still reports the company’s assets, liabilities, income and expenses, and supports the company’s broader filing and tax obligations.

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

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size conditions are generally 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, with at least 2 of those 3 conditions usually needing to be met. However, other eligibility rules and exclusions can apply. Meeting the size tests alone does not always guarantee access to the regime. For companies in Cranfield considering FRS 105 Micro Entity Accounts, the starting point is to review the company’s circumstances, accounting period and filing requirements before deciding whether FRS 105 is appropriate.

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 Cranfield

Professionally prepared FRS 105 Micro Entity Accounts can be built from the company’s bookkeeping and financial records, using the accounting policies and disclosures that apply to the micro-entities regime. We can prepare the financial statements and, where the company is required to file accounts, arrange the information for submission to Companies House. This is separate from Corporation Tax: a CT600 is submitted to HMRC, while a Confirmation Statement is another separate filing. The aim is to produce clear accounts that reflect the information provided and the applicable reporting requirements, without assuming that every company qualifies for FRS 105 or that filing outcomes are guaranteed.

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Discuss Your FRS 105 Micro Entity Accounts in Cranfield

If you need help with FRS 105 Micro Entity Accounts in Cranfield, get in touch to discuss your company’s circumstances. It helps to have your latest bookkeeping records, trial balance, bank and expense information, details of assets and liabilities, and any previous accounts or tax returns available. We can then consider whether the micro-entities regime may be available, what information is needed, and how to move forward with preparing your FRS 105 financial statements. There is no obligation, and no outcome, approval or filing result is promised.

─── 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 companies that qualify as micro-entities and choose to apply the micro-entities regime. It provides the framework for preparing annual financial statements under that regime, with simpler recognition, measurement and disclosure requirements than the standards generally used by larger companies. FRS 105 Micro Entity Accounts are therefore the accounts prepared when the micro-entities regime is selected.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it, including some new companies if they meet the relevant rules. 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 eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean FRS 105 can be used.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies for the micro-entities regime can choose whether to apply it. FRS 105 applies when that choice is made; if the company does not apply the micro-entities regime, it may need to use another applicable UK accounting framework, such as FRS 102, depending on its circumstances and eligibility. Choosing the right framework is part of the accounts preparation process.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions are 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. A company generally needs to meet at least 2 of these 3 conditions, subject to the detailed rules and exclusions. It is important to check the full criteria because qualifying for the micro-entities regime is not based on size alone in every case.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the financial reporting standard for the UK micro-entities regime and is designed to be simpler, with reduced measurement and disclosure requirements. FRS 102 is a broader UK accounting framework used by many companies that do not qualify for, or choose not to use, the micro-entities regime. The appropriate framework depends on eligibility, the company's circumstances and the accounting policies that are available under each standard.

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

Where a company prepares FRS 105 Micro Entity Accounts and is required to file annual accounts, those accounts can be filed with Companies House in the applicable format. Filing accounts with Companies House is a separate process from filing a Corporation Tax Return (CT600) with HMRC and from filing a Confirmation Statement. The exact filing requirement depends on the company and the accounting period concerned, so it should be checked for each case.

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 CT600 is the Corporation Tax Return submitted to HMRC. The figures in the accounts often help inform the tax return, but the two are separate documents with different purposes and submission routes. Preparing FRS 105 accounts does not replace the need to consider Corporation Tax filing obligations.

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

Useful information usually includes the company's bookkeeping records, trial balance or ledger, bank statements, sales and expense details, information on assets and liabilities, any previous accounts, and details of the accounting period. If the company is new or has changed activity, additional context can help. The exact information needed depends on the company's circumstances and the records available, and it is best confirmed before preparation begins.