─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in East Anglia

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, the simplified UK reporting framework available to companies that qualify as micro-entities and choose to apply it. For many small companies across East Anglia — from Norwich and Cambridge to Ipswich, Peterborough and the surrounding counties — FRS 105 offers a more streamlined way to present financial information than the fuller frameworks used by larger businesses, with a shorter balance sheet, simpler disclosures and a format designed around the needs of very small companies. Professional preparation helps to ensure those accounts are built properly from your bookkeeping and financial records, reflect your company’s actual circumstances, and are presented in line with the requirements that apply to the micro-entities regime. It also helps to separate the accounts themselves from the other filings a company may have, such as its Corporation Tax Return or Confirmation Statement, so nothing is confused or overlooked. Because eligibility is not automatic and depends on the company’s size and any relevant exclusions, a conversation about your position is usually the sensible first step.

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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 simple terms, FRS 105 is the financial reporting standard that sets out how a qualifying micro-entity prepares its accounts when it chooses to use the UK micro-entities regime. It is one of several reporting frameworks available in the UK, and it sits at the simplest end of the scale: fewer notes, a more compact balance sheet, and far less disclosure than the fuller standards used by larger companies. The regime is optional. A company that meets the size conditions for a micro-entity may decide to apply the micro-entities regime, and if it does, FRS 105 is the standard that governs how those financial statements are put together. If it decides not to, a different framework applies instead. What FRS 105 does not do is change your tax position — it is an accounting and reporting framework, so the accounts prepared under it are a separate matter from your Corporation Tax Return (CT600), which is filed with HMRC rather than prepared under FRS 105. For owners of small companies in East Anglia, the appeal is straightforward: clear, proportionate financial statements that meet the reporting requirements for micro-entities without the weight of a full set of disclosures. The detail still matters, which is why the figures, the format and the supporting records all need to be right.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and decide to apply it — qualification alone does not oblige anyone to use it. The size test 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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting two of those conditions is a useful indicator, but it is not the whole picture. The micro-entities regime also carries its own rules and exclusions, and certain companies are prevented from using it whatever their size. Eligibility can also change from one period to the next as a business grows or takes on staff. For companies in East Anglia — whether you are a small trading company in Norfolk, Suffolk, Cambridgeshire or Essex, or a service business working from a single office — the practical question is whether the regime fits your circumstances as well as your size. Reviewing the position before each period’s accounts are prepared is the reliable approach, and it is something we are glad to go through with you in plain terms.

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 with Accurate Financial Reporting

Good FRS 105 Micro Entity Accounts start with good records. We prepare your financial statements from the information you provide — bookkeeping, bank records, sales and purchase details, payroll information and any other supporting documents — and present them in the format that the micro-entities regime requires for a company of your size and circumstances. That means a balance sheet prepared on the correct basis, the limited disclosures that apply under FRS 105, and figures that tie back to the underlying records rather than to estimates. Just as importantly, we keep the different obligations clear. Preparing and finalising your FRS 105 financial statements is one piece of work; filing those accounts with Companies House is a separate step; and your Corporation Tax Return (CT600) is a separate submission to HMRC that draws on the same figures but follows tax rules rather than accounting standards. A Confirmation Statement is separate again. Treating these as distinct tasks helps avoid the common confusion of assuming that accounts filed under FRS 105 also settle a company’s tax filing obligations. Where the numbers raise questions or the position is not straightforward, we explain the options in plain English so you can make an informed decision about how to proceed.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts

If you run a small company in East Anglia and you are considering FRS 105 Micro Entity Accounts, the most useful next step is a straightforward conversation about your circumstances. Tell us about your company — its size, what it does, how it has traded during the period and how your records are kept — and we can assess whether the micro-entities regime looks suitable and what would be involved in preparing your financial statements. Bring along your bookkeeping or accounting records, details of any income and expenditure, and any information about the filings your company already has in place, and we will explain what we need and what happens next. Whether you are weighing up FRS 105 against a fuller reporting framework, moving from another accountant, or setting up accounts for the first time, we are happy to talk it through with no obligation.

─── 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 when a qualifying micro-entity chooses to prepare its accounts under the micro-entities regime. It is the simplest of the UK reporting frameworks, offering a shorter balance sheet and far fewer disclosure notes than standards such as FRS 102. In effect, it tells you how the financial statements of a micro-entity should be laid out and what must be included in them.

Who can use FRS 105?

FRS 105 is intended for companies that both qualify for the micro-entities regime and choose to apply it. Qualifying is a matter of size, and 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. Other rules and exclusions can apply, and some companies are excluded regardless of size, so meeting the thresholds does not by itself confirm eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime, not a mandatory one. A company that qualifies may choose to apply it, and FRS 105 is the standard that then governs how the accounts are prepared. A qualifying company can instead prepare its accounts under a fuller framework if that suits its circumstances better — for example, where lenders, investors or group arrangements call for more detailed reporting.

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 micro-entities and is the more streamlined of the two, with fewer notes and a simpler presentation. FRS 102 is used by a much wider range of companies and generally requires more detailed disclosures, more judgement in areas such as accounting policies, and a fuller set of notes. The right choice depends on whether your company qualifies for the micro-entities regime and whether applying it makes sense for how the accounts will be used.

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 statutory accounts for that period and are filed with Companies House in the usual way, within the filing window that applies to the company. Filing is a separate administrative step from preparing the accounts themselves, and it is distinct from anything submitted to HMRC.

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

Yes, they are two different things. FRS 105 governs how the financial statements are prepared and presented. The CT600 is the Corporation Tax Return submitted to HMRC and is calculated under tax rules rather than accounting standards. The figures in your FRS 105 accounts normally feed into the tax computation and the return, but filing the accounts does not discharge your Corporation Tax obligations, and the CT600 is not prepared under FRS 105.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies as a micro-entity for the period in question and chooses to apply the micro-entities regime. In a first period this often means looking at expected or actual turnover, the balance sheet position and employee numbers, along with any exclusions that might apply. It is worth confirming the position before the first set of accounts is prepared, because the framework chosen shapes the format of those accounts from the outset.

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

Typically we need your bookkeeping or accounting records for the period, bank and cash records, details of sales and purchases, payroll and employee information, any loans or hire purchase agreements, and records of fixed assets and stock if relevant. Details of share capital, directors' loans and any previous accounts are also useful. The clearer and more complete the records, the more straightforward the preparation of the financial statements tends to be.