─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Dedham

FRS 105 Micro Entity Accounts are the financial statements prepared under FRS 105, the UK reporting standard for companies that qualify for the micro-entities regime and choose to apply it. For a company based in Dedham, this simplified framework can make annual reporting far more manageable, with a short balance sheet, profit and loss account and a limited set of notes rather than lengthy disclosures. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built from accurate records, reflect your company’s actual circumstances and are set out in line with the applicable reporting requirements. It also keeps the different obligations clearly separated: your statutory accounts, any Companies House filing, the Corporation Tax Return (CT600) submitted to HMRC, and the Confirmation Statement are all distinct pieces of work with their own purposes and deadlines.

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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 Is and Why It Matters

In plain terms, FRS 105 is the accounting standard that UK companies use when they qualify as micro-entities and choose to apply the micro-entities regime. It sets out how their financial statements — a balance sheet, a profit and loss account and a small number of notes — should be prepared, and it is deliberately streamlined: the accounts are based on historical cost, some of the more complex treatments permitted under other standards are not available, and the disclosure requirements are kept to a minimum. That makes FRS 105 Micro Entity Accounts quicker and more economical to prepare while still giving a clear picture of the company’s assets, liabilities and results. The important point is that this is a choice rather than an automatic entitlement: a company must first meet the eligibility conditions for the micro-entities regime, and FRS 105 is the standard that applies when that regime is selected.

Who Can Use FRS 105 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 the 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 over the period. There are also additional rules and exclusions — for example, some companies are excluded regardless of their size, and group structures can affect the position — so satisfying the size conditions alone does not automatically guarantee eligibility. Companies in and around Dedham often find it helpful to review their figures, structure and reporting needs before deciding whether the micro-entities regime is the right fit for them.

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 and Accurate Financial Reporting

Accurate financial reporting starts with good records and careful preparation. We prepare FRS 105 Micro Entity Accounts from your bookkeeping, bank statements, invoices, payroll information and other supporting documents, applying the recognition, measurement and disclosure requirements of the micro-entities regime to the transactions your company has actually made. Preparation of the financial statements and the filing of accounts at Companies House are treated as separate steps, and Corporation Tax is separate again — a CT600 is submitted to HMRC and is not the same document as your statutory accounts. We work carefully and in line with the applicable reporting requirements, but acceptance of any filing remains a matter for Companies House and tax positions are determined by HMRC, so no particular outcome can be guaranteed in advance.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Dedham

If your company is based in Dedham and you would like support with your FRS 105 Micro Entity Accounts, get in touch to talk through your circumstances. It helps to have your latest records, a summary of income and expenses, details of any assets, liabilities or loans, your previous accounts, and an idea of the deadlines you are working towards. We can then explain what is involved, confirm how your accounts will be prepared and filed, highlight the separate Corporation Tax and Companies House obligations, and discuss clear, transparent pricing for the work.

─── 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 that applies to UK companies using the micro-entities regime. It is deliberately simpler than the standards used by larger companies: the accounts are prepared on a historical cost basis, certain accounting treatments available elsewhere are not permitted, and the disclosure requirements are reduced to a short set of notes. In practice, an FRS 105 balance sheet and profit and loss account look much shorter than accounts prepared under FRS 102, which is why it appeals to very small companies that want straightforward, cost-effective reporting.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and choose to apply the micro-entities regime. 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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those size conditions is not the whole story, however — other eligibility rules and exclusions apply, and some companies are excluded regardless of size, so eligibility should always be checked against your specific circumstances.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies as a micro-entity can choose to apply it — and FRS 105 applies when that choice is made — but it may instead prepare accounts under FRS 102 or another framework where that is appropriate. The decision often comes down to the level of detail that is useful to the owners and any lenders, alongside the reporting and filing requirements that apply to the company.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for UK companies, with different sections applying depending on whether a company is small, and it permits a wider range of accounting treatments, including revaluations and certain fair value measurements. FRS 105 is a separate, stand-alone standard for the micro-entities regime: it is based on historical cost, does not permit revaluation or the recognition of deferred tax, and requires far fewer disclosures. FRS 102 accounts therefore tend to be longer and more detailed, while FRS 105 accounts are shorter, simpler and quicker to produce.

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

Where a company prepares accounts under the micro-entities regime, those accounts generally form the statutory accounts that are delivered to Companies House, subject to the filing options and requirements that apply to that company. Filing statutory accounts at Companies House is separate from filing a Corporation Tax Return (CT600) with HMRC, and separate again from the Confirmation Statement. Getting the preparation right first makes the filing step much more straightforward.

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

Yes, they are different documents with different purposes and different recipients. FRS 105 accounts are financial statements prepared under the accounting framework and delivered to Companies House where required. A CT600 is the Corporation Tax Return submitted to HMRC, reporting the company's taxable profits and calculating the tax due. The accounts are usually the starting point for the tax return, but tax adjustments can mean the taxable figure differs from the accounting profit shown in the accounts.

Can a new limited company use FRS 105?

It can, provided it qualifies for the micro-entities regime and chooses to apply it. A newly incorporated company has no preceding financial year to look back on, so eligibility for its first accounting period is generally assessed on that period. If turnover, balance sheet total and employee numbers are expected to stay within the micro-entity limits, FRS 105 is often worth considering — but it is sensible to confirm the position, particularly where the company is part of a group or operates in a regulated sector.

What information is needed to prepare FRS 105 accounts?

Typically you will need complete bookkeeping or accounting records for the period, bank and credit card statements, sales invoices and purchase receipts, payroll information, details of any assets bought or sold, loan or finance agreements, stock or work-in-progress figures where relevant, and the previous year's accounts. If a Corporation Tax Return is being prepared as well, information on expenses, capital allowances and any other income is helpful. Supplying records promptly and in good order keeps the whole process running smoothly.