─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Eastcote

FRS 105 Micro Entity Accounts in Eastcote are prepared under the financial reporting framework that applies to qualifying micro-entities which have chosen to apply the UK micro-entities regime. FRS 105 is a distinct, simplified basis of accounting, and it is not automatically available to every small company — a company first needs to qualify for the micro-entities regime and then decide to use it. Because the rules around eligibility, disclosures and the format of the financial statements are specific, professional preparation helps ensure your accounts are put together appropriately for your company’s circumstances, that the figures are consistent with your underlying records, and that the resulting FRS 105 accounts are ready for the relevant filing. Whether your Eastcote company has straightforward trading activity or a few more moving parts, the aim is accurate, appropriately presented micro-entity accounts rather than a generic set of figures.

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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 Reporting Framework

FRS 105 is the financial reporting standard that sits behind the UK’s micro-entities regime. In plain terms, it is a simplified accounting framework designed for the smallest companies, allowing qualifying businesses to prepare shorter, less detailed financial statements than they would under a fuller standard such as FRS 102. When a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 is the standard used to prepare those financial statements — typically a simple balance sheet with limited notes, rather than a full profit and loss account, directors’ report and extensive disclosures. It matters because it can reduce the accounting and reporting burden for genuinely small companies, while still producing accounts that give a clear picture of the company’s financial position. It is worth being precise here: the micro-entities regime is an available accounting regime, not something every small company is forced into, and meeting the size conditions alone does not guarantee eligibility once other rules and exclusions are taken into account. For Eastcote companies considering FRS 105 Micro Entity Accounts, the practical question is whether the regime suits your circumstances and whether the resulting accounts meet the applicable reporting requirements.

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. 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. Those conditions give a useful indication of where the line sits, but they are not the whole story. Other eligibility rules and exclusions can apply, and certain companies may be unable to use the regime regardless of their size, so meeting the size conditions does not automatically guarantee that FRS 105 is available. It is also important to remember that the regime is optional — a qualifying company may still prefer a different reporting framework. For Eastcote businesses weighing up FRS 105 Micro Entity Accounts, the practical approach is to look at the company’s specific circumstances, confirm whether the regime applies, and then decide whether using it is the right choice for the way the company reports.

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

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank information, invoices, expense records and any other supporting detail relevant to the period. From there, the figures are compiled and presented in line with the micro-entity requirements that apply to your company, so the resulting financial statements reflect the underlying transactions and are set out in the expected format. It helps to keep two things separate in your mind. First, there is the preparation of the financial statements themselves under FRS 105. Second, there are the separate filing obligations that can follow, such as delivering accounts to Companies House. Corporation Tax is a distinct matter again: a CT600 is a separate return submitted to HMRC and is not the same thing as FRS 105 accounts, even where the figures overlap. Working with someone who understands both the accounting framework and the surrounding filing requirements helps reduce the risk of inconsistencies, last-minute scrambling and avoidable corrections.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Eastcote

If your Eastcote company is considering the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts handled properly, the sensible next step is a conversation. Tell us about your company — its trading activity, its size, how it is structured and what records you already keep — and we can look at whether FRS 105 appears to be an appropriate fit and what would be needed to prepare the accounts. Bring along your bookkeeping, statutory information and any previous accounts or filings so the position can be assessed accurately from the outset. There is no obligation, and no assumptions are made about your eligibility before your circumstances have been reviewed.

─── 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 financial reporting standard that applies to companies using the UK's micro-entities regime. It is a simplified framework that allows qualifying micro-entities to prepare shorter financial statements, typically a balance sheet with limited notes, rather than the fuller disclosures required under other standards. It is an accounting and reporting framework — it is not a tax return and it does not, on its own, settle your Corporation Tax position.

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 not simply a matter of being small: the company needs to meet the applicable size conditions, and other eligibility rules and exclusions can also be relevant. Because the regime is optional, a qualifying company can decide whether the micro-entities basis genuinely suits how it reports.

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 still choose to prepare its accounts under a different framework if that is more appropriate — for example where the directors want to provide more detailed information, or where the company's circumstances point towards a fuller standard. The key point is that FRS 105 applies when the regime is chosen.

What are the 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. Meeting those conditions is an important part of the picture, but it does not automatically guarantee eligibility, because other rules and exclusions can apply to particular companies and circumstances.

What is the difference between FRS 105 and FRS 102?

Both are financial reporting standards, but they sit at different levels of detail. FRS 102 is the standard used more broadly by companies that are not applying the micro-entities regime, and it generally requires more disclosures and a fuller set of financial statements. FRS 105 is the more streamlined option available to qualifying micro-entities that choose that regime, with a reduced disclosure burden and a simpler presentation.

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

Accounts prepared under FRS 105 are still company accounts, so the usual filing obligations can apply, and in most cases accounts are delivered to Companies House. The format in which micro-entity accounts are filed has been subject to change, so it is worth confirming the current position for your own filing rather than assuming the previous approach still applies. Filing accounts with Companies House is a separate exercise from any Corporation Tax submission made to HMRC.

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

Yes, they are separate. FRS 105 concerns the accounting framework used to prepare your company's financial statements. A CT600 is a Corporation Tax return that is submitted to HMRC, and it is a distinct filing with its own requirements. The figures in your accounts will often inform the tax return, but preparing FRS 105 accounts and submitting a CT600 are two different tasks with two different audiences.

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

Typically, the preparation draws on your bookkeeping or accounting records for the period, bank and payment records, details of income and expenses, information on assets and liabilities, and the company's statutory details such as its registration information and share capital. Previous accounts and filings are also helpful for consistency. The exact list depends on the company's activity, so it is best confirmed once your circumstances have been reviewed.