─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Dereham for Qualifying Companies
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Explained: Micro-Entity Accounts Made Clear for Dereham Businesses
Who Can Use FRS 105 in the UK? Guidance for Dereham Companies
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
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 Dereham
Speak to Us About Your FRS 105 Micro Entity Accounts in Dereham
─── 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.
FRS 105 is the UK financial reporting standard for micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime prepare their annual accounts. It is known for a simpler approach and fewer disclosures than larger reporting frameworks, but it still requires the financial statements to be prepared accurately and consistently with the company’s records.
FRS 105 can be used by companies that qualify for the UK micro-entities regime and choose to apply it. Qualification depends on the size criteria and other eligibility rules, so not every small company will qualify. A company also needs to decide to use the micro-entities regime; it is not something that applies automatically just because the company is small.
No. The micro-entities regime is an available accounting regime, and FRS 105 applies when a qualifying company chooses to use it. A company that qualifies may still choose a different accounting framework, such as FRS 102, depending on its circumstances and reporting needs. The right choice should be considered carefully.
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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. These are size conditions only, and other eligibility rules or exclusions can apply, so meeting the thresholds does not automatically confirm micro-entity status.
FRS 105 is the micro-entities standard, while FRS 102 is the standard applied by many other UK companies that do not use the micro-entities regime. FRS 105 generally allows simpler financial statements and fewer disclosures, but it is also more restrictive in some areas, such as accounting for certain items. The appropriate framework depends on eligibility and the company’s reporting requirements.
Yes, where a company prepares annual accounts, those accounts generally need to be filed with Companies House, subject to the applicable filing requirements. FRS 105 Micro Entity Accounts are the statutory accounts for the company if the micro-entities regime is used. Filing the accounts is separate from filing a Confirmation Statement and separate from submitting a Corporation Tax Return (CT600) to HMRC.
Yes. FRS 105 Micro Entity Accounts are the company’s financial statements prepared under the micro-entities regime, and they are filed with Companies House. A CT600 is a separate Corporation Tax filing submitted to HMRC. The figures in the accounts and the tax return may overlap, but they serve different purposes and are governed by different rules, so both need to be dealt with correctly.
The main recent change is the update to the micro-entity size thresholds for accounting periods beginning on or after 6 April 2025. Companies House filing processes can also change over time, so it is worth checking the current requirements before you file. If you are unsure how any change affects your company, professional advice can help you understand your options.