─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Dunstable

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to apply the UK micro-entities regime. For companies in Dunstable, this can mean simpler financial statements and a more streamlined route to meeting annual reporting obligations, but it is not a one-size-fits-all answer. Eligibility depends on the company’s size and circumstances, and other rules and exclusions can apply, so FRS 105 is not automatically available to every small company. Professional preparation helps you work through the detail: reviewing your bookkeeping and financial records, considering whether the micro-entities regime is appropriate for your company, and preparing FRS 105 financial statements that reflect your circumstances and the applicable reporting requirements. It also helps to keep the accounts preparation process separate and clear from other obligations such as Corporation Tax Returns (CT600) and Confirmation Statements, so you know what is being filed, where, and why.

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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
  
 
      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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it sets out how a qualifying company that chooses to apply the micro-entities regime prepares its annual financial statements. Because the regime is designed with very small companies in mind, FRS 105 accounts tend to be shorter and more straightforward than accounts prepared under a fuller framework, with simpler measurement and disclosure requirements. The key point is that the micro-entities regime is a choice available to companies that qualify. Meeting the size conditions does not force a company to use it, and choosing it does not happen automatically. Where the regime is applied, FRS 105 is the standard used to prepare the financial statements. Those statements then feed into the company’s annual reporting, but they are distinct from a Corporation Tax Return (CT600) submitted to HMRC and from a Confirmation Statement filed with Companies House. For directors in Dunstable running a small limited company, understanding this distinction early makes the whole annual reporting cycle far easier to plan.

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 choose to apply it. 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 conditions is an important starting point, but it is not the whole picture. The legislation includes other eligibility rules and exclusions, and some companies that appear small enough are not able to use the regime — for example, certain entity types and companies falling within specific excluded categories. A company that qualifies is still not obliged to apply the micro-entities regime; it is a choice, and FRS 105 applies when that choice is made. For directors in Dunstable, the practical approach is to look at the company’s actual turnover, balance sheet position, and average employee numbers alongside any relevant exclusions, then decide whether FRS 105 Micro Entity Accounts are 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 Accounts and Accurate Financial Reporting

Professionally prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank information, sales and purchase records, expense details, asset information, and any other supporting documentation relevant to your company, then prepare financial statements in line with the micro-entities regime and FRS 105 as it applies to your circumstances. That means considering the figures carefully, applying the framework consistently, and making sure the accounts reflect what has actually happened in the business rather than a rough approximation. It is helpful to keep the different strands of annual reporting clearly separated. Preparing FRS 105 accounts and filing them with Companies House is one process. Meeting Corporation Tax obligations, including any CT600 submission to HMRC, is a separate process with its own requirements. A Confirmation Statement is separate again. We can help you understand how these fit together for your Dunstable company, without any suggestion that a particular body reviews, approves, or endorses the accounts, and without promising a specific filing outcome.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Dunstable

If you run a small limited company in Dunstable and want to understand whether FRS 105 Micro Entity Accounts suit your circumstances, the sensible first step is a straightforward conversation. Tell us about your company — its trading activity, how it is structured, roughly how it is performing, and what records you currently keep — and we can help you assess whether the micro-entities regime is likely to be appropriate and what would be involved in preparing FRS 105 financial statements. Bring your bookkeeping, a summary of income and costs, details of any assets or liabilities, and anything else you think is relevant. From there, we can discuss clear options, explain what information is still needed, and outline how the preparation and filing process would work for your company. There is no obligation and no pressure — just practical help with the next step.

─── 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 designed for very small companies, with lighter measurement and disclosure requirements than fuller reporting standards. Where a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard used to prepare its annual financial statements.

Who can use FRS 105?

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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company qualifies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies may choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies decide instead to prepare accounts under a fuller framework such as FRS 102, depending on their circumstances, their reporting needs, or the preferences of their directors, lenders, or investors.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader UK financial reporting standard used by a much wider range of companies, including small companies that do not use the micro-entities regime. FRS 105 is specifically for micro-entities and is considerably simpler, with reduced disclosure and simpler measurement requirements. In practice, the main difference a director notices is the length and level of detail in the accounts. Which framework is appropriate depends on whether the company qualifies for, and chooses, the micro-entities regime.

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

Where a company prepares and files annual accounts, those accounts are delivered to Companies House as part of its annual filing obligations. Preparing FRS 105 accounts and delivering them to Companies House is a separate process from dealing with Corporation Tax, and separate again from filing a Confirmation Statement. The exact filing position depends on the company's circumstances and the applicable requirements, so it is worth checking the position for your own company rather than assuming.

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

Yes, they are separate. FRS 105 relates to the accounting and financial reporting framework used to prepare the company's financial statements. A CT600 is the Corporation Tax Return submitted to HMRC, with its own calculations and its own requirements. The financial statements inform the tax position, but preparing and filing the accounts is not the same task as preparing and submitting a CT600.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime if it qualifies and chooses to apply it. New companies have no prior-period track record, so the assessment focuses on the company's actual or expected size and on whether any exclusions apply. In practice, many start-up limited companies are small enough to be in scope in their early years, but this should be checked against the company's own circumstances rather than assumed.

What information is needed to prepare FRS 105 accounts?

Typically you would provide bookkeeping records or a trial balance, bank statements and reconciliations, sales and purchase information, details of expenses, payroll or employee information where relevant, and a list of assets and liabilities such as equipment, stock, loans, and amounts owed or owing. Details of any share capital, dividends, or director's loan movements are also useful. The more complete and up-to-date the records, the smoother the preparation process tends to be.