─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Durham for Qualifying Companies

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime for companies that qualify for it and choose to apply it. FRS 105 sets out the financial reporting framework for those qualifying micro-entities, offering a simpler and more streamlined basis of preparation than the fuller standards used by larger companies. If your company is based in Durham and you are weighing up how to prepare and file your annual accounts, professional support can help you establish whether the micro-entities regime is appropriate for your circumstances, gather the records needed, and prepare FRS 105 Micro Entity Accounts that reflect your business accurately and are set out in line with the applicable reporting requirements. Eligibility is not automatic — a company must meet the relevant size conditions and any other applicable rules and exclusions, and applying the regime is a choice rather than a default. Working with an experienced preparer means those points are considered properly before the accounts are finalised.

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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 a UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook used to prepare the annual financial statements of very small companies that qualify for the micro-entities regime and decide to use it. The regime exists to reduce the reporting burden on the smallest businesses, so FRS 105 takes a simpler approach: fewer disclosure notes, simpler measurement rules, and less complexity overall than the standards applied by larger companies. A typical set of FRS 105 Micro Entity Accounts in Durham would include a balance sheet, a profit and loss account, and a limited set of notes. Importantly, FRS 105 is not compulsory for everyone — qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies when that regime is the one chosen. If a company does not qualify, or prefers a fuller reporting basis, a different framework such as FRS 102 will be relevant instead. Understanding which framework fits your company is the starting point for getting your accounts right.

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 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. Meeting those size conditions on its own does not automatically guarantee eligibility, because other eligibility rules and exclusions can apply — certain company types are excluded from the regime, and the conditions must be assessed against the correct period and the rules in force at that time. On top of that, using the micro-entities regime is a decision, not an obligation: a qualifying company may still prefer to report under a fuller framework such as FRS 102. If you are unsure where your Durham company stands, a review of your circumstances and figures will give you a much clearer answer before any 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

Professionally prepared FRS 105 Micro Entity Accounts start with your company’s own financial records — bookkeeping, bank and payment records, invoices, payroll information, asset details and any loans or balances owing. From there, the accounts are drafted under the FRS 105 framework and the applicable reporting requirements, with the figures checked for consistency and the disclosures kept to what the standard requires for a micro-entity. Two separate obligations are worth keeping clearly in mind: the preparation of the financial statements and the filing of accounts with Companies House on the one hand, and the company’s Corporation Tax obligations, including the CT600 return submitted to HMRC, on the other. They feed into one another, but they are not the same thing and have different deadlines and submission routes. Our role in Durham is to prepare the accounts accurately and on a sound basis, and to explain the figures and the choices made so you understand what is being filed. No preparer can guarantee a particular filing outcome, and nothing here should be read as approval or endorsement by any regulator.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Durham

If you run a small company in Durham and want your FRS 105 Micro Entity Accounts prepared properly — without overcomplicating the process — we can help. Tell us about your company, your accounting period and how your records are kept, and we can look at whether the micro-entities regime is likely to suit your circumstances and what would be involved in preparing and filing your accounts. Bring along your bookkeeping, bank records, details of any assets, loans or amounts owed, and any previous accounts, and we will talk you through the next steps, the information we need and the options available to you. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements and find out how we can help you move forward with confidence.

─── 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 how the smallest qualifying companies prepare their annual financial statements, with simplified measurement rules and far fewer disclosure requirements than the standards used by larger businesses. A set of FRS 105 accounts typically includes a balance sheet, a profit and loss account and a small number of notes.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies for it can choose to apply it, and FRS 105 is the standard used when that choice is made. Some qualifying companies instead prepare accounts under a fuller framework such as FRS 102, and some may not be eligible for the micro-entities regime at all.

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 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. Meeting the size conditions is not the whole story, because other rules and exclusions can apply and certain companies are prevented from using the regime. Eligibility therefore needs to be assessed for your specific company and accounting period.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined framework for micro-entities using the micro-entities regime, while FRS 102 is a fuller framework used by a much wider range of companies, including those who do not qualify for the micro-entities regime. FRS 105 permits fewer accounting policy choices — for example, it does not allow the fair value or revaluation options available under other frameworks — and it requires considerably fewer notes to the accounts. The trade-off is that the accounts are simpler but less detailed.

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

Statutory accounts for a limited company are generally filed with Companies House, and micro-entity accounts are no exception, subject to the filing requirements that apply to your company. The accounts are prepared first and then delivered to Companies House, and the format in which they can be filed is subject to Companies House rules. Filing the accounts is a separate exercise from dealing with the company's Corporation Tax position.

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

Yes, they are two distinct filings. FRS 105 Micro Entity Accounts are the company's financial statements prepared under the micro-entities regime, and they are filed with Companies House. The CT600 is a Corporation Tax Return submitted to HMRC. The figures in the accounts usually inform the tax computation, but the return itself is a separate document with its own deadline and submission route, so the two should never be treated as interchangeable.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. The size conditions are tested against the relevant period, and for a first accounting period the figures may need to be considered on the basis set out in the applicable rules. Because other eligibility rules and exclusions can also come into play, it is worth checking your position before deciding on a framework.

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

In practice, we need a clear picture of the company's financial activity for the period. That usually means bookkeeping or accounting records, bank statements and payment records, sales and purchase information, payroll details, information on any assets owned, details of loans, director's loans or amounts owed, stock or work in progress where relevant, and a copy of the previous year's accounts if there are any. Accurate records make the preparation process smoother and reduce the number of queries raised along the way.

What changes are coming to micro-entity accounts filing in the UK?

Companies House has been moving towards filing accounts in a more structured, software-based format, and there have been changes to what small and micro-entity companies are expected to file as part of wider company law reforms. Because the detail and timing of these changes can be updated, it is sensible to check the current Companies House guidance for your filing period rather than relying on older assumptions about what can be submitted.