─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Doncaster

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the UK micro-entities regime. For many small companies in Doncaster, that regime offers a simpler route to producing annual financial statements, but it is a choice rather than an automatic entitlement — eligibility depends on the company’s size and on the wider rules and exclusions that apply. Working with accountants who deal with FRS 105 Micro Entity Accounts regularly means your figures can be reviewed against the framework, the disclosure requirements that do apply can be addressed, and the resulting accounts can be prepared in a form that reflects your company’s actual circumstances. Whether you are a newly incorporated Doncaster company, a long-established family business, or a director-shareholder trading through a limited company, the starting point is understanding what the micro-entities regime permits for your business and what information is needed to produce a complete set of accounts.

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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.
  
 
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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
  
 
      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.
  
 
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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 the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime in company law, which is an available accounting framework rather than something imposed on every small company. Where a company qualifies for that regime and its directors decide to apply it, FRS 105 becomes the basis on which the annual accounts are prepared. In plain terms, FRS 105 financial statements are stripped back compared with fuller reporting frameworks: there are fewer disclosures, simpler measurement requirements, and a shorter set of primary statements. That can make the accounts quicker and less costly to produce for a Doncaster company whose affairs are straightforward. It is important to be clear about what FRS 105 does not do. It does not change your Corporation Tax position, it does not replace the need to submit a CT600 to HMRC, and it does not remove the requirement to file accounts with Companies House where that obligation applies to your company. Choosing the micro-entities regime is a decision with practical consequences — not least that the accounts give a simpler picture of the business than fuller frameworks would — so it is worth considering carefully before the reporting framework is fixed for a financial year.

Who Can Use FRS 105 in the UK?

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, 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. Those figures are a starting point, not the whole test. The regime is subject to additional eligibility rules and exclusions, and certain companies are prevented from using it regardless of their size — so meeting two of the three conditions does not by itself guarantee that FRS 105 can be applied. There is also a separate question of choice: even where a Doncaster company qualifies, the directors may prefer a fuller reporting framework if, for example, a lender, investor, or group parent expects more detailed financial statements. The practical approach is to check eligibility against the rules for the specific accounting period, confirm the exclusion position, and then decide whether the micro-entities regime is the right fit before the accounts are prepared.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records — bookkeeping, bank transactions, sales and purchase information, payroll data where relevant, and the asset and liability position at the year end. From there, the accounts are built up in line with the micro-entities regime and the requirements that apply to your company’s circumstances. Directors of Doncaster companies often want three distinct things dealt with: the annual financial statements prepared on the correct basis, the accounts filing with Companies House handled where it is due, and the separate Corporation Tax position addressed through the relevant HMRC submission. These are connected but not the same thing — FRS 105 sets out how the accounts are prepared and presented, while a CT600 is a Corporation Tax return submitted to HMRC. Keeping them clearly separated helps avoid confusion and means each deadline is met on its own terms. Professional preparation also gives you a clearer audit trail behind the figures, so if a bank, lender, or adviser asks questions about the accounts, you have a coherent set of workings to refer back to rather than estimates pieced together at the last minute.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Doncaster

If you would like help with FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your company. Tell us about your trading activity, your year end, how your records are kept, and whether you have prepared accounts before, and we can talk through what the micro-entities regime would mean for your reporting. Bringing your bookkeeping records, bank statements, details of any assets or liabilities, and information about director’s loans or shareholder balances will help us assess your circumstances properly and explain what is needed for the year. Whether you are weighing up FRS 105 against a fuller framework or simply want the accounts prepared and filed without the guesswork, get in touch and we will set out the options clearly.

─── 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 micro-entities. It is the standard that applies when a qualifying company chooses to use the micro-entities regime, and it sets out how the annual accounts should be measured and presented. Compared with fuller frameworks it involves fewer disclosures and simpler requirements, which is why it is often used by very small companies with uncomplicated affairs.

Who can use FRS 105?

FRS 105 is intended for companies that both qualify for the micro-entities regime and choose to apply it. Qualification is based on the size conditions set out in company law, and a company generally needs to meet at least 2 of the 3 applicable conditions for accounting periods beginning on or after 6 April 2025: 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 also affect whether the regime is available, so meeting the size conditions alone does not automatically guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that meets the size conditions may still decide to prepare accounts under a fuller framework, and some companies are excluded from the regime altogether. The decision is normally taken by the directors, and it is worth considering whether the simpler reporting that FRS 105 allows suits how the accounts will be used.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller financial reporting standard that applies to a much wider range of companies, including many small and medium-sized entities. FRS 105 is narrower and more simplified: it allows fewer accounting choices, requires less disclosure, and is designed around the needs of micro-entities. Because FRS 105 accounts present a simpler picture, some companies prefer the additional detail that FRS 102 provides, particularly where lenders or investors expect it.

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

Where your company is required to file annual accounts with Companies House, those accounts are prepared under the applicable financial reporting framework — which may be FRS 105 if your company qualifies and the regime is chosen. The preparation of the accounts and the act of filing them are separate steps: we can prepare the financial statements and then deal with the companies house submission where it is due for your company.

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

Yes, they are separate. FRS 105 governs how the annual accounts are prepared and presented. A CT600 is a Corporation Tax return submitted to HMRC to report the company's taxable profits and calculate the tax due. The figures in the accounts usually inform the tax return, but the two documents serve different purposes and go to different bodies, with different deadlines attached.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first set of accounts if it qualifies for the micro-entities regime and the directors choose to apply it. In practice, new companies often fit comfortably within the size conditions, but eligibility still depends on the specific rules and any exclusions that apply to the company. It is sensible to confirm the position before the first year end rather than assuming the regime applies.

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

We normally need your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, payroll information where you employ staff, and a clear picture of assets, liabilities, and any amounts owed to or by directors at the year end. If you have prepared accounts before, the previous year's figures are also helpful. Having these ready means the accounts can be prepared on a properly supported basis.

What changes are coming to micro-entity accounts filing?

Company filing requirements do change from time to time, including in relation to how accounts are submitted and what information is included. Because the rules are updated periodically, it is worth checking the current position for your year end rather than relying on how things were done in earlier years. We can talk you through what the requirements mean for your Doncaster company when preparing your FRS 105 Micro Entity Accounts.