─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Dumbarton

FRS 105 Micro Entity Accounts are the financial statements prepared under the framework that applies when a qualifying company chooses to apply the UK micro-entities regime. It is a deliberately streamlined framework, built for very small companies, and it produces accounts with simpler measurement and reduced disclosure than fuller standards such as FRS 102. Qualification is not automatic and it is not the whole story: meeting the size conditions does not, on its own, guarantee that a company is eligible, and the regime is optional even for those who do qualify. For companies in Dumbarton and across the UK, professional preparation helps make sure the correct framework is applied, that the figures reflect the company’s real circumstances and underlying records, and that the accounts are presented appropriately for Companies House filing. It also helps keep the reported position consistent with the information used for the company’s separate Corporation Tax affairs.

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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 the Micro-Entities Regime Means for Your Company

In plain terms, FRS 105 is the UK financial reporting standard that applies when a qualifying company decides to use the micro-entities regime. Think of the regime as a simplified route through the accounting rules, and FRS 105 as the rulebook that comes with it. Where a company chooses that route, FRS 105 sets out how assets and liabilities are recognised and measured and what needs to be disclosed in the financial statements, which is far less than a larger company would provide. The result is a shorter, more straightforward set of accounts that still has to be accurate and consistent with the company’s records. Crucially, choosing the micro-entities regime is a decision, not an obligation — a company that qualifies can still report under a fuller framework such as FRS 102, and FRS 105 only applies where the micro-entities regime is the chosen basis. For directors in Dumbarton weighing up their options, understanding that distinction early makes the rest of the accounts process much easier to navigate.

Who Can Use FRS 105 in the UK? Eligibility for Dumbarton Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — both elements matter. On size, 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, 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 rather than the whole test. Other eligibility rules and exclusions can apply, and certain types of entity are not able to use the regime whatever their size, so meeting the thresholds should never be treated as an automatic green light. It is also worth remembering that qualifying is a choice point, not a requirement: a company that is eligible may still prefer to report under a fuller framework such as FRS 102. Directors in Dumbarton who are unsure where their company stands are best advised to have their specific circumstances reviewed 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 good records and a clear understanding of the company’s circumstances. The accounts are built from the company’s bookkeeping, bank and payment records, supporting invoices and receipts, payroll information, details of assets and liabilities, and any prior year figures, all reviewed against the recognition, measurement and disclosure requirements that apply to the micro-entities regime. From there, the financial statements are drawn up so the reported position can be traced back to those records, with the balance sheet, notes and any required information presented in line with the framework. It is worth keeping two things distinct: preparing and filing the accounts is one exercise, while the company’s Corporation Tax Return (CT600) is a separate submission made to HMRC, even though both draw on the same underlying figures. Professional preparation is about getting the detail right and keeping the filings consistent with each other — it is not a guarantee of any particular filing outcome, and responsibility for the accounts and the company’s tax position always rests with the directors.

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

If your company may qualify for the micro-entities regime and you want to know whether FRS 105 Micro Entity Accounts are the right fit, the sensible next step is a straightforward conversation. Tell us about your business — what it does, how it is structured, how long it has been trading, roughly what it earns and holds, how many people it employs, and what your existing accounting records look like. If you have last year’s accounts, a trial balance, or management figures, those help build a fuller picture. From there we can explain the options open to you, talk through how preparation works, and outline clear, transparent pricing before anything begins. Whether you are a new company filing for the first time, an established Dumbarton business considering a change of framework, or simply unsure which regime applies, get in touch and we will help you work through it.

─── 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 the rules for recognising and measuring items in the accounts and the reduced disclosures that such companies need to provide. In practice, it produces a shorter and simpler set of financial statements than fuller standards, but the accounts still have to be accurate and supported by the company's records.

Who can use FRS 105?

FRS 105 is available to companies that both qualify for the micro-entities regime and choose to apply it. Qualification is based on the applicable size conditions, and certain types of entity are excluded from the regime regardless of their size. Meeting the size tests is therefore necessary in many cases but not sufficient on its own, which is why it is worth checking the specific rules and exclusions that apply to your company before deciding.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional regime rather than a mandatory one. A company that qualifies may choose to apply it, in which case FRS 105 applies, or it may decide to report under a fuller framework such as FRS 102. The choice is the company's, and it is usually worth considering the practical implications of each option before committing.

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. These conditions sit alongside other eligibility rules and exclusions, so falling within the size thresholds does not automatically mean the regime is available.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a streamlined standard designed specifically for the micro-entities regime, with simpler measurement requirements and far fewer disclosures. FRS 102 is a broader framework used by a much wider range of companies, and it includes options and requirements that micro-entity accounts do not. Which one is appropriate depends on whether the company qualifies for the micro-entities regime, whether it chooses to use it, and what the directors want from the accounts.

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

Companies that prepare their accounts under the micro-entities regime will normally file them at Companies House in line with the filing requirements that apply to the company, and micro-entity accounts are typically filed in a simplified format. Filing the accounts is a separate exercise from dealing with the company's Corporation Tax position, even though both are based on the same financial records.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes, they are two different things. FRS 105 Micro Entity Accounts relate to the accounting and financial reporting framework and are prepared for the company's statutory accounts. A CT600 is the Corporation Tax Return submitted to HMRC. The two need to be consistent with each other, but preparing the accounts does not in itself submit a tax return, and vice versa.

What changes are coming to micro-entity accounts filing?

Filing arrangements for small and micro-entity accounts are being updated, including a general move towards filing through compatible software and, for many companies, providing profit and loss information alongside the balance sheet. Because the practical requirements and their timing are set out in official guidance, it is worth checking the current position for your own filing dates rather than assuming the previous format still applies.