─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Droitwich

If your company qualifies for the UK micro-entities regime and you choose to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the standard that sets out how qualifying micro-entities prepare their financial statements, and it is deliberately streamlined — but that does not mean the accounts can be put together without care. Getting the disclosure requirements, accounting policies and balance sheet presentation right matters, because the accounts are filed at Companies House and form part of your company’s public record. Our role is to help Droitwich-based companies prepare FRS 105 Micro Entity Accounts that reflect their actual financial records and circumstances, so the figures presented are consistent, sensibly classified and aligned with the reporting framework that applies to them. Whether you are newly incorporated, preparing accounts for the first time, or switching from a different accounting framework, we can talk through what is involved before anything is filed.

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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 Means for Micro-Entities in Droitwich

FRS 105 is the financial reporting standard that sits behind micro-entity accounts in the UK. In plain terms, it is the simplest accounting framework available to qualifying companies, and it works alongside the micro-entities regime set out in company law. A company that qualifies for that regime can choose to apply it, and if it does, FRS 105 is the standard used to prepare its financial statements. What makes FRS 105 distinctive is how narrow it is: the accounts are prepared on a simplified basis, with far fewer notes and disclosures than would be needed under a fuller framework such as FRS 102, and the balance sheet is presented in a prescribed, condensed format. For a small owner-managed business in Droitwich, that can mean less paperwork and a shorter set of accounts. It is important to be clear about what FRS 105 is not. It is an accounting and financial reporting framework — not a tax return, not a Confirmation Statement, and not a substitute for any other filing obligation your company has. Qualifying for the micro-entities regime and choosing to use it are two separate steps, and the framework only applies once that choice is made.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and decide to apply it. Size is the starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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. Those figures give a useful indication of where a business stands, but they are not the end of the assessment. Other eligibility rules and exclusions can apply, and the definition of a micro-entity is not simply a matter of passing a size test. Some companies are excluded regardless of how small they are, and certain structures, activities or group relationships can affect the position. Meeting the thresholds does not, on its own, guarantee that a company qualifies. For a Droitwich business weighing this up, the sensible approach is to look at the specific facts — the company’s turnover, balance sheet position, average headcount, structure and activities — and then consider both whether the micro-entities regime is available and whether applying it is actually the right choice for the company.

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 Accounts and Accurate Financial Reporting in Droitwich

FRS 105 Micro Entity Accounts are prepared from your company’s financial records — bookkeeping, bank transactions, invoices, expenses and any other supporting information — and then shaped to fit the reporting requirements that apply to a qualifying micro-entity. That means deciding on appropriate accounting policies, producing a balance sheet in the required condensed format, and making sure the limited disclosures that FRS 105 does require are actually present and correct. It also means keeping different obligations in their proper places. Preparing and filing financial statements at Companies House is one process; preparing and submitting a Corporation Tax Return (CT600) to HMRC is a separate one, governed by tax rules rather than accounting standards. A Confirmation Statement is separate again. Being clear about which filing is which helps avoid confusion and missed steps. Our work is to prepare and support the accounts side of that picture for Droitwich companies, working from the information you provide and applying the framework as it stands. We cannot and do not promise that a filing will be accepted or that any particular outcome will follow, but we can help make sure the accounts you file are prepared thoughtfully and consistently with your records.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Droitwich

If you would like help preparing FRS 105 Micro Entity Accounts for a company based in or around Droitwich, get in touch and tell us about your circumstances. It helps to know how long you have been trading, whether you have filed micro-entity accounts before, what framework you used last time, and roughly how your year has gone in terms of turnover, assets and employees — those are the kinds of details that indicate whether the micro-entities regime is likely to be available to you. Have your records to hand where you can, including bookkeeping, bank statements, invoices, expense records and any previous accounts. From there we can discuss what is needed, explain the process in straightforward terms, and outline our approach and pricing clearly before any work begins.

─── 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 used to prepare micro-entity accounts. It is the most simplified accounting framework available to qualifying UK companies, offering a condensed balance sheet format and far fewer disclosure requirements than fuller standards. It sits alongside the micro-entities regime in company law: a company that qualifies for that regime can choose to apply it, and FRS 105 is the standard used when it does.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification is based on size conditions, but meeting those conditions is not the whole story — other rules and exclusions can apply, so eligibility needs to be considered for each company rather than assumed. A company that qualifies is not obliged to use the regime; it can choose a fuller framework instead.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime and choosing to apply it are separate matters. A company that meets the size conditions may use the regime, but it does not have to. Some businesses prefer a fuller framework because they want to present more detail, or because lenders, investors or group requirements point that way. The choice should be a considered one, and it can have practical consequences beyond the accounts themselves.

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. Meeting these conditions does not automatically mean a company is a micro-entity — other eligibility rules and exclusions can apply, and the position should be checked against the specific circumstances of the company.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is designed for qualifying micro-entities and is deliberately minimal, with simplified recognition and measurement and a very limited set of disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it generally requires more detailed accounting treatments and more extensive notes. Which one applies depends on whether the company qualifies for, and chooses to apply, the micro-entities regime.

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

Yes — where a company prepares its annual accounts under FRS 105, those accounts are the ones submitted to Companies House in line with its statutory accounts filing obligation for the period. They then form part of the company's public filing record. The accounts are prepared for the accounting period in question and filed within the applicable deadline for that company, so it is worth checking the specific dates that apply in your case.

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

Yes, they are separate things. FRS 105 Micro Entity Accounts are financial statements prepared under an accounting framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it is governed by tax legislation rather than by accounting standards. The figures in the accounts often inform the tax return, but the two are prepared and filed separately, to different bodies, under different rules.

What information is needed to prepare FRS 105 accounts?

Typically we would need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase invoices, expense records, payroll information if you employ staff, details of any assets and liabilities, and the previous year's accounts for comparison. If you have loans, director's loans or unusual transactions, information on those is helpful too. The clearer the records, the more straightforward the preparation process tends to be.