─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Egham: Clear, Professional Support for Qualifying Companies

If your company is based in Egham and you are weighing up how to prepare and file your annual accounts, FRS 105 Micro Entity Accounts are often worth a closer look. FRS 105 is the financial reporting framework that applies when a qualifying company chooses to adopt the UK micro-entities regime, allowing the financial statements to be prepared in a simplified form that suits the size and complexity of a genuinely small business. The key word here is qualifying: the regime is an option, not an automatic entitlement, and eligibility depends on the company’s size and on whether any exclusions apply. Professional preparation helps ensure the accounts are put together appropriately for your circumstances, that the figures reconcile to your underlying records, and that the information presented is consistent with the framework you have chosen. We work with limited companies across Egham and the surrounding area, taking the time to understand how the business operates before deciding how the accounts should be presented.

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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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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

FRS 105 is the UK financial reporting standard written specifically for micro-entities — very small companies that meet the size conditions set for the micro-entities regime and decide to apply it. In plain terms, it is a simplified accounting framework. It allows eligible companies to prepare their financial statements using a lighter set of rules, with fewer disclosures and simpler measurement requirements than the larger frameworks. The important point is that FRS 105 is not something a company applies by default. The micro-entities regime is an available regime, and FRS 105 applies when a qualifying company chooses to use that regime rather than the small companies regime under FRS 102 Section 1A. So the first step is always to check whether the company qualifies, and the second is to decide whether the micro-entities regime is the most sensible fit for the business, its lenders, its shareholders, and anyone else who relies on the accounts. If you are unsure where your company sits, a short conversation usually makes things much clearer.

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 that 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 during the period. Those tests are a starting point rather than a complete answer. Certain companies are excluded from the micro-entities regime regardless of size, other eligibility rules may apply, and meeting the size conditions does not oblige a company to adopt the regime — it remains a choice. This is why we look at each company’s circumstances individually before recommending an approach, rather than assuming that being small automatically means FRS 105 is appropriate.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good bookkeeping and ends with financial statements that reflect the company’s actual position. We work from your financial records — bank transactions, sales invoices, supplier bills, payroll information, asset purchases and any loans — to build a set of accounts that is consistent with the micro-entities regime and the framework that applies to your company. That means the profit and loss account, balance sheet and supporting notes are prepared in line with the applicable reporting requirements, and in a format suitable for the company’s circumstances. It is worth keeping two things clearly separate in your mind: the preparation of the financial statements and the filing of those accounts with Companies House on the one hand, and the company’s Corporation Tax position on the other. A CT600 is a separate filing made to HMRC, and having FRS 105 accounts does not replace it. We can help you understand how the two fit together so nothing is missed.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Egham

If you run a small limited company in Egham and want to know whether FRS 105 Micro Entity Accounts are the right route for you, get in touch. Tell us a little about your business — what it does, how it is structured, roughly how it has traded, and whether anyone such as a bank or an investor relies on your accounts. We can then talk through whether your company appears to qualify for the micro-entities regime, what that would mean for the way your financial statements are presented, and what information we would need from you to prepare them. If you already have accounts prepared under another framework, we can look at those too. There is no obligation, and the first conversation is simply about understanding your circumstances and answering your questions clearly.

─── 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 choosing to use the micro-entities regime. It is a simplified framework, designed for very small companies, with fewer disclosure requirements and simpler measurement rules than the frameworks used by larger businesses. It sits alongside FRS 102, which contains the small companies regime in Section 1A.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualifying is not simply a matter of being small in a general sense — the company has to meet the relevant size conditions and must not fall within any of the exclusions that apply to the regime. Meeting some or all of the size tests does not automatically mean the regime must be used; it is a choice.

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. Other rules and exclusions can affect whether the regime is available, so it is worth checking your specific position rather than assuming the thresholds alone settle the question.

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 may choose to use it, but it may instead prepare accounts under the small companies regime in FRS 102 Section 1A. The better choice often depends on who uses the accounts and what they need from them, so it is a decision worth making deliberately.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for UK companies, and it includes a small companies regime in Section 1A. FRS 105 is narrower and more simplified: it applies only to qualifying micro-entities that choose the micro-entities regime, and it permits a more basic presentation of the financial statements with fewer disclosures and simpler measurement rules.

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

Yes — the accounts are still filed at Companies House, but micro-entity accounts can be filed in a simplified format. Companies House filing requirements have been changing, including a move towards filing accounts using software and revised filing options for small and micro-entities. We can confirm what currently applies to your company when we look at your circumstances.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return, which is submitted separately to HMRC and is based on the company's tax position. Preparing one does not replace the other, and both may be required.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. Special rules apply to first periods, so it is worth checking the position from the outset rather than assuming. If you are setting up a company in or around Egham, we can look at your expected activity and structure and explain the likely options.

What information is needed to prepare FRS 105 accounts?

Typically we would need your bookkeeping or accounting records for the period, bank statements, sales invoices and supplier bills, details of any assets purchased or sold, information about loans and directors' transactions, payroll or staff numbers, and a copy of the previous year's accounts if there is one. If your records are incomplete, we can talk through what is needed to bring them up to a usable standard.