─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Delph

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime, and for many small companies in Delph they offer a simpler, shorter and more straightforward set of accounts than a full small-company filing. FRS 105 provides the financial reporting framework that applies when a qualifying company chooses to apply the micro-entities regime, with simplified measurement rules and far fewer disclosure notes than other UK accounting standards. Eligibility is not automatic: a company needs to meet the relevant size conditions and must not fall within any of the exclusions, and it also has to decide that the micro-entities regime is the right choice for its circumstances. Professional preparation of FRS 105 Micro Entity Accounts in Delph can help you work through that decision, build the figures from your bookkeeping records, and present the accounts in a form that reflects your company’s actual trading position. It also helps ensure the accounts are prepared consistently from one year to the next, so your reporting stays clear and comparable as the business grows.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook a qualifying company follows when it chooses to report under the micro-entities regime, and it is deliberately simpler than the standards used by larger businesses. Instead of dealing with revaluations, fair value adjustments and lengthy disclosure notes, FRS 105 focuses on straightforward historical cost figures, so the accounts generally show what the company owns, what it owes, what it has earned and what it has spent, without layers of additional explanation. That matters because the micro-entities regime is a choice, not an obligation. A company that qualifies can decide to apply the micro-entities regime, in which case FRS 105 applies to its financial statements — or it can report under a different framework if that suits its circumstances better. For directors in Delph running a small, straightforward trading company, FRS 105 often means a leaner set of financial statements, less disclosure and a reporting process that is easier to keep on top of year after year.

Who Can Use FRS 105 in the UK?

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 the 3 applicable size conditions, subject to the relevant rules and exclusions: 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 figures are the starting point rather than the whole answer. Certain companies and activities are excluded from the micro-entities regime regardless of size, and there are additional rules that can affect whether a company qualifies, so meeting the size conditions alone should never be treated as confirmation of eligibility. There is also a choice to make: qualifying does not oblige a company to use the regime, and some directors in Delph prefer a different framework because of how their accounts are used — for example by lenders, investors or a parent company. If you are unsure where your company stands, a review of your turnover, balance sheet position, headcount and structure will clarify whether FRS 105 Micro Entity Accounts are likely to be available to you and whether they are the sensible option for your reporting needs.

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 Delph

Preparing FRS 105 Micro Entity Accounts is about accuracy and consistency as much as it is about format. We build your accounts from the financial records you provide — bookkeeping entries, bank and credit card statements, sales and purchase invoices, payroll information, loan and hire purchase agreements, asset purchases and director’s loan movements — and present them in line with the recognition, measurement and disclosure requirements that apply to the micro-entities regime. Where you need more than the accounts themselves, we can also prepare the financial statements and handle the Companies House filing as a separate step from your Corporation Tax position. Those are distinct obligations: FRS 105 accounts deal with your company’s statutory financial reporting, while a Corporation Tax Return (CT600) is a separate submission to HMRC that is based on the company’s taxable profits and sits alongside, rather than within, the accounts. Information is also completed for the Confirmation Statement, which is another separate filing entirely. Working with an experienced preparer helps reduce the risk of inconsistencies between the accounts, the tax computation and the figures already held on the public register, and gives you a clear record of how the numbers were arrived at.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Delph

If you are unsure whether the micro-entities regime is the right fit 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, its accounting period, the size of its turnover, balance sheet and workforce, and any other information that may affect eligibility — along with details of the records you keep and how you currently file. We will look at your circumstances, explain what FRS 105 would mean for your reporting in practical terms, and talk you through the preparation and filing process, including how it fits alongside your Corporation Tax and Confirmation Statement obligations. Whether you are preparing accounts for the first time or moving from another accountant, a short conversation is usually enough to establish what is needed and what the next steps look like.

─── 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 companies using the micro-entities regime. It sets out simplified rules for how assets, liabilities, income and expenses are recognised and measured, and it requires far fewer disclosure notes than the standards used by small and larger entities. In practice, FRS 105 accounts tend to be shorter and more straightforward, focusing on historical cost figures rather than revaluations or fair value adjustments.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and choose to apply the micro-entities regime. Meeting the size conditions is part of the test, but it is not the whole picture — certain companies and activities are excluded, and the company must actually decide to use the regime. Because eligibility depends on your specific circumstances, it is worth checking your position before assuming the micro-entities regime applies to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company can choose to apply it and prepare FRS 105 accounts, or it can report under a different framework if that better reflects its circumstances. Once you have chosen a framework, it is normally applied consistently, so the decision is worth revisiting only when there is a genuine reason, such as a change in size or structure.

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 rules and exclusions can still apply, so satisfying the size conditions on their own does not automatically mean a company qualifies for the micro-entities regime, and meeting them does not force a company to use it.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of entity. FRS 102 is used by small and larger entities and, under Section 1A, offers a reduced disclosure option for small companies. FRS 105 goes further: it is restricted to micro-entities and applies simplified measurement rules with minimal disclosure. The practical difference is usually a shorter, simpler set of accounts with less supporting narrative, which is why it appeals to very small trading companies.

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

Yes. FRS 105 Micro Entity Accounts form part of a company's statutory accounts, which are filed at Companies House within the normal statutory filing window. The accounts still need to be approved and signed in the required way by the director or directors, and they must be consistent with the company's underlying records. Filing the accounts is a separate exercise from filing a Corporation Tax Return with HMRC.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's financial statements and are filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, based on the company's taxable profits, with its own computations, adjustments and deadlines. The accounts figures normally feed into the tax return, but the return is prepared and filed separately.

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

In most cases we need your bookkeeping records for the period, bank and credit card statements, sales and purchase invoices, payroll or salary details, details of any loans, hire purchase or lease agreements, purchases and disposals of equipment or vehicles, stock or work in progress figures, and director's loan account movements. If you have previously filed accounts or a tax return, those are useful for consistency. Having the records complete and reconciled before preparation starts usually makes the process smoother.

Can a new limited company use FRS 105?

It can, provided it qualifies for the micro-entities regime in its first accounting period and is not caught by any of the exclusions. New companies are often small, straightforward trading entities, so the micro-entities regime may well be suitable — but eligibility still has to be assessed rather than assumed, and the first set of accounts has its own considerations, such as the length of the period and any pre-trading costs. It is worth reviewing the position at the outset.