─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in East Leeds

FRS 105 Micro Entity Accounts provide the financial reporting framework used by qualifying UK companies that choose to apply the micro-entities regime. If your company is based in East Leeds and you are weighing up how your annual accounts should be prepared, the starting point is an honest look at your circumstances — turnover, balance sheet total, employee numbers and any rules or exclusions that may affect you. Meeting the size conditions does not automatically mean a company must use FRS 105; it means the regime may be available, and it becomes relevant when that regime is chosen. Professional preparation helps you work through the detail: recognising transactions correctly, applying the micro-entity measurement and disclosure requirements, and producing financial statements that reflect what actually happened in the business during the period. We work with directors across East Leeds who want their accounts handled properly, explained clearly, and kept separate from the other filings their company has to make.

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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. It sits alongside the micro-entities regime, which is an accounting regime that qualifying companies may choose to apply instead of a fuller framework such as FRS 102 Section 1A. In simple terms, FRS 105 simplifies how the numbers are measured and reduces the volume of notes and disclosures that accompany the financial statements, which is why it appeals to very small companies that want straightforward accounts without unnecessary complexity. A key point is that it is a choice, not an automatic label: a company has to qualify for the micro-entities regime and then decide to use it, and FRS 105 applies when that regime is the one being used. The accounts still have to be accurate and complete for the company’s own circumstances — the simplifications affect how items are measured and what is disclosed, not whether the figures need to be right. For directors in East Leeds running a small limited company, understanding this distinction early makes the whole accounts process far easier to plan.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is not simply a matter of being small. 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 across the period. Those tests are applied on a group basis where relevant, and there are additional eligibility rules and exclusions that can prevent a company from using the regime even when it looks small enough on the numbers. That is why meeting the size thresholds alone should never be treated as an automatic green light. If you are unsure where your East Leeds company stands, the sensible step is to review your figures and circumstances alongside the applicable rules before deciding, rather than assuming either way.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records — bank statements, sales and purchase information, payroll details, asset purchases, loans and any other transactions that affect the period. From there, the accounts are built around the measurement and disclosure requirements that apply to the micro-entities regime, so the balance sheet, profit and loss account and any accompanying notes present a fair picture of the company’s position. It is worth keeping two things clearly separate in your mind. First, the financial statements themselves: how they are prepared and how they are filed at Companies House. Second, your Corporation Tax obligations, which are dealt with through a separate CT600 return submitted to HMRC and which use the figures from your accounts as their starting point. A Confirmation Statement is different again — it confirms company information such as directors and shareholders rather than reporting profit. We handle the accounts preparation and the Companies House filing side of the process, keep the tax position distinct, and explain what has been done and why, so you are not left guessing about which document does what. No accountant can guarantee a particular outcome, but a careful, methodical approach gives your FRS 105 Micro Entity Accounts the best chance of being right first time.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in East Leeds

If you run a small company in East Leeds and want your FRS 105 Micro Entity Accounts prepared without the usual last-minute scramble, get in touch and let’s talk it through. Tell us a little about your business — what you do, how you trade, roughly what your turnover, balance sheet total and employee numbers look like, and whether you already file under the micro-entities regime. That gives us what we need to assess whether FRS 105 is likely to be available to you and how best to approach your accounts. If you have records ready, we can look at them; if they are in a shoebox or a spreadsheet, that is fine too. We will explain the process, answer your questions about eligibility and filing, and set out clear, transparent pricing before any work begins so there are no surprises.

─── 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 measures and presents its annual financial statements, and it allows for a simpler, shorter set of accounts than the fuller standards used by larger companies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies for it can choose to apply it, and FRS 105 applies when that choice is made. Alternatively, a qualifying company may decide to use a fuller framework, which can mean more disclosures but sometimes suits businesses that want to present more detail to lenders or investors.

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 during the period. Those size conditions are only part of the picture — other rules and exclusions can apply, so some companies that appear to be small enough may still not qualify. It is worth checking your specific circumstances rather than assuming.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK standard for companies that do not use the micro-entities regime, and Section 1A of FRS 102 covers small companies. FRS 102 generally involves more detailed measurement rules and a larger set of disclosures. FRS 105 is deliberately narrower and simpler, designed for micro-entities, with reduced disclosure and a more straightforward approach to measuring items. Which one you use depends on whether you qualify for the micro-entities regime and whether you decide to apply it.

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

Yes — where a company is required to prepare and file annual accounts, the accounts prepared under the regime it has chosen are the ones submitted to Companies House. FRS 105 affects how those accounts are measured and what is disclosed, not whether they have to be filed. Filing is done electronically or on paper within the statutory filing window for the company's period. Being late with accounts is a separate matter from your tax filings and can attract penalties, so it is worth diarising the date early.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes, they are two distinct documents with two distinct purposes. FRS 105 Micro Entity Accounts are the financial statements for the company, filed at Companies House. The CT600 is a Corporation Tax Return submitted to HMRC, which calculates the tax the company owes. The accounts figures usually form the starting point for the CT600, but the two are prepared and filed separately, and the rules on what each must include are not the same.

Can a new limited company use FRS 105?

It can, provided it qualifies as a micro-entity for the period in question and the directors decide to apply the micro-entities regime. A newly incorporated company with limited trading activity will often sit comfortably within the size conditions, but the other eligibility rules and exclusions still have to be checked, and some companies are excluded regardless of size. Your first accounting period is also often longer than twelve months, which can affect how the size tests are applied.

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

Typically, we would ask for your bank statements and records of income and expenses for the period, details of any assets bought or sold, loan and finance agreements, payroll information if you employ staff, stock or work-in-progress figures where relevant, and any invoices or receipts supporting the numbers. It also helps to know your previous year's accounts, your company registration details, and whether anything unusual happened — a large one-off purchase, a director's loan movement, or a change in how the business trades. From there we can prepare the accounts in line with the micro-entities regime and explain what each figure represents.