─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in East Grinstead

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities that have chosen to use the micro-entities regime. FRS 105 provides a simplified basis for preparing financial statements, which is why it is often the framework considered by very small companies — but it is not automatic, and it is not right for every business. Eligibility depends on meeting the applicable size conditions and on there being no relevant exclusion, and the regime must then be actively chosen. For directors in East Grinstead, professional preparation helps make sure the accounts are built from the company’s own financial records, reflect its circumstances accurately, and are presented in a way that is consistent with the micro-entities regime. It also helps separate the accounting and reporting side from other obligations, such as Corporation Tax, so each task is dealt with on its own terms rather than muddled together.

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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 the rulebook a qualifying company follows when it decides to use the micro-entities regime, which is a simplified accounting framework available to the smallest companies. Choosing that regime means the company prepares its annual financial statements on the FRS 105 basis rather than under a fuller framework such as FRS 102. The effect is a more streamlined set of accounts, with simpler measurement and reduced disclosure, which suits owners of small companies who want reporting that matches the scale of what they actually do. It is important to understand two things: the micro-entities regime is a choice, not something a company is forced into, and FRS 105 only applies once that choice has been made. A company also needs to satisfy the eligibility conditions for the regime before the choice is available. If your company operates in East Grinstead and you are unsure whether FRS 105 Micro Entity Accounts are the right route, a short review of your turnover, balance sheet and staffing position is usually the quickest way to find out where you stand.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is the first step; adopting the regime is the second. On size, a company generally needs to meet at least 2 of 3 applicable conditions for accounting periods beginning on or after 6 April 2025: 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 conditions give a useful starting point, but they are not the whole picture. Other eligibility rules and exclusions can apply depending on what the company does, who its shareholders are, and whether it is part of a group or subject to a particular regulatory regime — so satisfying the size conditions alone does not always guarantee that FRS 105 is available. Companies in East Grinstead that want certainty should have their position reviewed against the rules as they apply to their own accounting period 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

Well-prepared FRS 105 Micro Entity Accounts start with clean, complete financial records. From those records, the financial statements are built — typically a simplified balance sheet, a profit and loss account, and the supporting notes the framework requires — and presented in line with the micro-entities regime. Professional preparation is about applying the framework properly to your specific circumstances: recognising income and costs in the right period, dealing with director’s loans and fixed assets sensibly, and making sure the figures in the accounts agree with the underlying bookkeeping. It is also worth keeping the different obligations clearly apart. Preparing and filing financial statements with Companies House is one task; submitting a Corporation Tax Return (CT600) to HMRC is a separate task with its own rules, computations and deadlines. Getting the accounts right supports the tax work, but it does not replace it. If you would like FRS 105 Micro Entity Accounts prepared from your records for a company based in East Grinstead, the sensible first step is a conversation about what you currently have and what the framework requires of you.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in East Grinstead

If you are ready to move forward with FRS 105 Micro Entity Accounts, or you simply want to know whether the micro-entities regime is open to your company, get in touch and tell us about your circumstances. It helps to have to hand your latest set of accounts or draft figures, your bookkeeping records or accounting software access, details of any fixed assets, loans or director’s transactions, and a note of your turnover, balance sheet total and average employee numbers. With that information we can assess whether FRS 105 looks appropriate, explain what the framework will mean for how your accounts are presented, and set out clear, transparent pricing for the work involved. Whether you are preparing a first set of micro-entity accounts or replacing an existing arrangement, we are happy to talk it through.

─── 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 for micro-entities. It sets out how a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, with simplified measurement requirements and reduced disclosure compared with fuller frameworks. It is an accounting and reporting framework — it does not, on its own, determine a company's tax position.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Both elements matter: meeting the size conditions opens the door, but the regime still has to be adopted. Other eligibility rules and exclusions can also affect whether a company can use it, so the framework should be reviewed against your actual figures rather than assumed from size alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. A company that qualifies may choose to apply it, or it may prepare its accounts under a different framework such as FRS 102. The choice affects how the financial statements are measured and what is disclosed, so it is worth considering deliberately and reviewing if the company's circumstances change.

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 are the size conditions — they are subject to the relevant rules and exclusions, so meeting two of the three does not by itself guarantee that the micro-entities regime is available.

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 produce different accounts. FRS 105 is the micro-entities framework: it is deliberately streamlined, with simpler measurement rules and fewer disclosures. FRS 102 is a fuller framework used by a much wider range of companies, with more detailed recognition, measurement and disclosure requirements. Moving between the two changes how figures are presented, so it is not simply a labelling exercise.

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

Companies generally have a filing obligation at Companies House, and micro-entity accounts prepared under FRS 105 can form the basis of that filing where the regime applies. It is important to treat the filing as a separate requirement in its own right rather than as an automatic by-product of preparing the accounts. The exact filing position depends on your company's circumstances, so it is worth confirming what applies to you.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared for reporting purposes under the micro-entities regime. A CT600 is a Corporation Tax Return submitted separately to HMRC. The accounts usually provide the starting point for the tax computation, but the return itself follows tax rules rather than the accounting framework, and it is filed with a different body.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but eligibility is assessed against the company's own position and the applicable rules rather than on the fact of being new. A first accounting period can raise questions about how size conditions apply, so it is sensible to look at the figures for the period in question and confirm whether the micro-entities regime is appropriate before preparing the accounts on that basis.

What information is needed to prepare FRS 105 accounts?

In practice, preparation needs a complete picture of the company's finances for the period: bookkeeping records or accounting software access, bank statements, sales and purchase information, details of fixed assets and any depreciation, loan balances including director's loans, stock or work in progress where relevant, and the previous year's accounts if there are any. The more complete the records, the more straightforward the process of producing accurate FRS 105 financial statements.