─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Diss

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company in Diss is considering FRS 105 Micro Entity Accounts, professional preparation can help ensure the financial statements are put together appropriately for your circumstances — reflecting your actual trading activity, assets and liabilities, and the disclosure requirements that apply under the regime. It also helps to keep the accounts consistent with the records you hold and with the figures used elsewhere, such as in your Corporation Tax computations. Eligibility is not automatic, so it is worth reviewing the size conditions and any relevant exclusions before deciding whether the micro-entities regime is the right choice for your company.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK accounting standard written specifically for micro-entities. When a company qualifies for the micro-entities regime and chooses to use it, FRS 105 sets out how the financial statements should be prepared — what to recognise, how to measure it, and the limited disclosures that are required. In practice, that means simpler accounts than you would see under a fuller framework, with a balance sheet, a profit and loss account and a small number of notes. For a small company in Diss, that simplicity can make the year-end process clearer and more straightforward, provided the regime genuinely suits the business and the accounts still give an accurate picture of its position.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. The test is about size and about the rules: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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. Meeting those size conditions matters, but it is not the whole story. Other eligibility rules and exclusions can apply, so a company in Diss that looks like a micro-entity on turnover alone should not assume eligibility without checking the detail, including whether the micro-entities regime is genuinely the right fit for how the business is structured.

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

We prepare FRS 105 Micro Entity Accounts from the financial records you provide, applying the recognition, measurement and disclosure requirements of the micro-entities regime as they apply to your company. The work covers building the financial statements themselves — balance sheet, profit and loss account and the accompanying notes — and it sits alongside, but separately from, your other filing obligations. Filing accounts with Companies House is a distinct process from submitting a Corporation Tax Return (CT600) to HMRC, and we are clear about which is which and what each involves. Where you would like support with both, we can coordinate the figures so that the accounts and the tax position are consistent with the records you keep.

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Discuss Your FRS 105 Micro Entity Accounts in Diss

If you would like help with FRS 105 Micro Entity Accounts in Diss, get in touch to talk through your requirements. It helps if you can share some background first — your company’s trading activity, an indication of turnover, balance sheet total and employee numbers, and whether you have already prepared accounts under another framework. From there we can discuss whether the micro-entities regime looks suitable for your company, how the accounts would be prepared, and what information you would need to provide. There is no obligation, and we are happy to answer questions before you decide how you would like to proceed.

─── 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 when a qualifying company chooses to use the UK micro-entities regime. It is a simplified framework: it sets out how assets, liabilities, income and expenses are recognised and measured, and it requires far fewer disclosures than standards designed for larger businesses. The result is a set of financial statements — typically a balance sheet, a profit and loss account and a small number of notes — built specifically for micro-entity reporting.

Who can use FRS 105?

It is available to companies that qualify as micro-entities under the UK rules and that decide to apply the regime. Qualifying is not simply a matter of being small: the size conditions must be met, and certain rules and exclusions can prevent a company from using the regime even where it looks small on paper. It is also a choice rather than a requirement, so a qualifying company may instead apply a fuller framework. We can review your circumstances before any decision is made.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies can choose to apply FRS 105, or it can apply a different framework such as FRS 102, which includes a lighter section for small entities but offers more measurement options and requires more disclosure. Once a framework is adopted it is normally applied consistently, so it is worth thinking about the longer term — for example, whether you expect the company to grow or to bring in investors — before settling on an approach.

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 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. Meeting those conditions does not automatically settle the question, because other eligibility rules can apply. It is therefore sensible to confirm the position for your specific company and accounting period.

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 105 is the micro-entity standard: measurement is simpler, fair value accounting is largely ruled out, and disclosure is minimal. FRS 102 is used by a much wider range of companies, with a reduced-disclosure section available for small entities. In practice, FRS 102 gives more accounting options and asks for more notes, while FRS 105 keeps things short — which suits many very small companies but may not suit one with more complex arrangements.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Yes. If your company is required to file annual accounts, preparing them under FRS 105 does not remove that obligation. Micro-entity accounts prepared under FRS 105 can be filed at Companies House, and the regime's simplified format usually means the filed accounts are much shorter than those of a larger company. The deadline for filing depends on your company's own circumstances and accounting reference date, so it is worth keeping that date in your diary rather than assuming a fixed timescale.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, whereas a CT600 is the Corporation Tax Return submitted to HMRC. They go to different bodies — Companies House receives the accounts, while HMRC receives the tax return — and they serve different purposes. The accounts figures normally feed into the tax computation, so it helps to prepare them consistently, but preparing the accounts does not replace the tax filing, and the tax filing does not replace the accounts.

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

In most cases we would ask for your financial records for the period — bookkeeping or accounting software exports, bank statements, sales and purchase records, details of any loans, hire purchase or lease agreements, and information on fixed assets and stock. Payroll information helps confirm employee numbers, and prior year accounts provide useful context. If records are incomplete, we can talk through what is missing and how best to bring things up to date before the accounts are prepared.