─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Dundee

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying companies which choose to adopt the UK micro-entities regime. If your company is based in Dundee and your directors are considering the simplest available basis for statutory accounts, FRS 105 can be an attractive option — but it is a choice, not an automatic entitlement, and it only becomes available where the company meets the relevant eligibility conditions and any applicable exclusions. Professional preparation helps you work through what the framework means for your own figures: how your transactions are recognised and measured, what the balance sheet and profit and loss account should include, which disclosures are required and which are not, and how the resulting accounts fit alongside your other filing obligations. Because the micro-entities regime strips reporting back to essentials, small differences in how items are treated can have a visible effect on the numbers, so it pays to have the accounts prepared with care and with a clear understanding of your company’s circumstances, trading history and record-keeping.

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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 financial reporting standard written specifically for micro-entities. In simple terms, it is a slimmed-down set of accounting rules that sits alongside the UK micro-entities regime: a company that qualifies for that regime can choose to apply it, and when it does, FRS 105 is the standard used to prepare its financial statements. The idea behind it is straightforward — fewer accounting options, simpler measurement, and a shorter set of disclosures than you would find under a larger-company framework. That makes FRS 105 financial statements easier to read and generally less costly to prepare, which is often exactly what a small owner-managed company in Dundee wants. It does mean some flexibility is given up, though, so the trade-off is worth understanding before you decide. The micro-entities regime is an available accounting regime rather than a mandatory one, and choosing it affects how your accounts look to lenders, suppliers and anyone else who reads them. A short conversation about your plans is usually the quickest way to work out whether FRS 105 suits your company or whether a different framework would serve you better.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that choose to apply it. That is a two-part test: the company has to fall within the eligibility rules, and the directors then have to decide that the micro-entities regime is the framework they want to use. On size, the position for accounting periods beginning on or after 6 April 2025 is that 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 answer. Other eligibility rules and exclusions can apply, certain companies are prevented from using the regime regardless of their size, and the criteria must be considered against the correct accounting period and the company’s actual circumstances. For a Dundee company, the practical question is usually whether the micro-entities regime suits how the business is run and how its accounts will be read — by banks, landlords, grant providers or anyone else who may ask to see them — and that is best assessed company by company rather than assumed.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records — bookkeeping, bank and cash records, sales and purchase documentation, payroll information, loan and hire purchase agreements, and details of any assets held by the company. From there, the accounts are built on the figures you have provided and on the reporting requirements that apply to your company, so that the balance sheet, profit and loss account and any required notes reflect your position as accurately as the framework allows. It is worth being clear about how the different pieces fit together: the preparation of your statutory financial statements and their filing at Companies House is one exercise, while the Corporation Tax position — reported separately to HMRC through a Company Tax Return (CT600) — is another, even though the two are closely connected and draw on much of the same information. We prepare accounts on the basis of the information you supply and the framework that applies to your company; we do not suggest that any filing is guaranteed to be accepted, and we will always flag areas where judgement, further evidence or a conversation with you is needed before the accounts are finalised.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Dundee

If you would like your FRS 105 Micro Entity Accounts prepared with care, or you simply want to understand whether the micro-entities regime is the right fit for your Dundee company, get in touch and tell us about your circumstances. It helps to have a short picture of your company — what it does, how it trades, how your records are kept, whether you are newly incorporated or have several years of history behind you, and what you need from your accounts, whether that is straightforward Companies House filing or figures you can take to a lender. From there we can talk through how FRS 105 works in practice for a business like yours, what information we would need from you, and how the accounts and your separate Corporation Tax obligations fit together. There is no obligation to proceed — a conversation is often enough to clarify whether the micro-entities regime is appropriate, or whether another framework would give you a more useful set of accounts.

─── 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 is a simplified framework, built around straightforward recognition and measurement rules and a much shorter set of disclosure requirements than the standards used by larger companies. Where a qualifying company chooses the micro-entities regime, FRS 105 sets out how its financial statements should be prepared.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. 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 those size tests does not automatically settle the question — other eligibility rules and exclusions can apply, and some companies are excluded from the regime altogether, so the position should be checked for your own company.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not oblige you to use it. It is an available accounting regime, and FRS 105 applies only when that regime is chosen. Some companies prefer to prepare accounts under a different framework — for example FRS 102 Section 1A — because of the disclosures it provides, the expectations of a lender or investor, or the way certain transactions are treated. The choice is made with the company's circumstances in mind rather than by default.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company and offer different levels of flexibility. FRS 105 is the micro-entities standard: it is deliberately narrow, with fewer accounting policy choices, simplified measurement, and minimal disclosure. FRS 102 is a broader framework with more recognition and measurement options and considerably more disclosure, including the reduced disclosure regime in Section 1A for small companies. In practice, a company weighing up the two is usually balancing simplicity and cost against the wider information that FRS 102 accounts provide.

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

Yes. Where a company prepares its statutory accounts under FRS 105, those accounts form the company's annual accounts and are filed at Companies House in the usual way, unless a filing exemption applies to that company. This is separate from the company's Corporation Tax position, which is dealt with through a Company Tax Return (CT600) submitted to HMRC. The two exercises share information but are not the same filing.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax return submitted to HMRC, and it reports the company's taxable profits and tax position based on the accounting figures and any tax adjustments required. Because the two are prepared for different purposes, the figures will not always be identical, and it is sensible to have both looked at together.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and the directors choose to apply it. New companies often sit comfortably within the size conditions in their early years, but eligibility still depends on the specific rules and exclusions that apply, and on how the company is structured and what it does. For a first set of accounts, it is worth confirming the position rather than assuming the regime applies.

What information is needed to prepare FRS 105 accounts?

In most cases you would provide your bookkeeping or accounting records for the period, together with bank and cash statements, sales and purchase documentation, payroll and employee information, details of any loans, finance agreements or directors' balances, and records of assets such as equipment or vehicles. Details of any share capital or changes in ownership are also useful. The more complete and up-to-date your records are, the more smoothly the accounts can be prepared and the fewer queries are likely to arise along the way.