─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ellesmere Port

FRS 105 Micro Entity Accounts give qualifying companies in Ellesmere Port a simpler, more proportionate way to prepare and present their annual financial statements. FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime: it applies when a company qualifies for that regime and chooses to use it. Because eligibility depends on your company’s own circumstances — its size, its accounting period and whether any of the applicable rules or exclusions affect it — not every small company will be able to use FRS 105. Working with an experienced preparer helps you confirm whether the micro-entities regime is right for your company, then build a set of accounts that reflects your underlying records and the reporting requirements that apply to you. If you would rather focus on running the business, professional preparation of your FRS 105 Micro Entity Accounts in Ellesmere Port can take the guesswork out of the year-end process.

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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 Reporting Framework Behind Micro-Entity Accounts

FRS 105 is the UK financial reporting standard designed for micro-entities. In plain terms, it is the rulebook a qualifying company follows when it chooses to apply the micro-entities regime and produce a set of accounts under it. Where the full framework used by larger companies sets out a wide range of measurement and disclosure requirements, FRS 105 is deliberately pared back — it takes a simpler view of how assets and liabilities are recognised and measured, and it asks for a much shorter set of notes. The result is a shorter, clearer set of financial statements that still tells the reader what they need to know: what the company owns and owes, and what it has earned. It is important to be precise about the connection between the two ideas. The micro-entities regime is an available accounting regime in UK company law; FRS 105 is the standard that is applied when a company qualifies for that regime and decides to use it. Choosing the micro-entities regime is not automatic and it is not compulsory for every small company — some companies fall outside it, and others prefer a fuller framework. For companies in Ellesmere Port that do qualify and do choose it, FRS 105 Micro Entity Accounts can keep year-end reporting more straightforward without losing the essentials.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it — it is not a framework that every small company can simply adopt. Eligibility is assessed against size conditions, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of the following 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. Those thresholds are a useful starting point, but they are not the whole picture. Other eligibility rules and exclusions can apply, certain types of company are treated differently, and the way the tests are measured can be affected by factors such as the length of the accounting period and whether the company is part of a group. Meeting the size conditions therefore does not, by itself, guarantee that a company qualifies. If you run a company in Ellesmere Port and want to know whether FRS 105 Micro Entity Accounts are open to you, the sensible approach is to review your specific position against the rules for your accounting period before deciding which framework to use.

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

Accurate financial reporting starts with clean, well-organised records — bank statements, sales and purchase information, payroll details, asset purchases, loans and any other transactions that have passed through the company during the period. From those records, FRS 105 Micro Entity Accounts in Ellesmere Port can be prepared in line with the reporting requirements that apply to a qualifying micro-entity, so that the figures in your financial statements are built up from, and traceable back to, what actually happened in the business. It is worth keeping two separate strands clear in your mind. Preparing a set of FRS 105 financial statements is an accounting and reporting exercise; filing those accounts with Companies House is a separate statutory step; and a Corporation Tax Return, usually submitted as a CT600 to HMRC, is a different filing again, driven by tax rules rather than by the accounts framework. A Confirmation Statement is separate once more. Good preparation means each of these is handled on its own terms, with consistent figures and clear workings behind the numbers. No preparer can promise a particular outcome or guarantee how any filing will be received, but a careful, methodical approach — grounded in your records and the standards that apply — gives you financial statements you can stand behind and use for your own decision-making.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Ellesmere Port

If you think your company may qualify for the micro-entities regime, or you already prepare FRS 105 Micro Entity Accounts and would like support at year end, we are ready to help. The most useful first step is a conversation: tell us about your company, the nature of your trade, your accounting period, and how your records are currently kept. From there we can look at whether the micro-entities regime is likely to be available to you, what information we would need to prepare your FRS 105 accounts, and how the accounts fit alongside your other filing obligations. Bring along whatever you have — management figures, a bookkeeping file, bank statements, or a previous year’s accounts — and we can work from there. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements and find out what is involved before you commit to anything.

─── 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 a simplified basis for preparing annual financial statements, with lighter measurement rules and a much shorter set of disclosure notes than the fuller frameworks used by larger companies. It applies when a company qualifies for the micro-entities regime and chooses to apply that regime for its accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide 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 tests sit alongside other eligibility rules and exclusions, so meeting the size conditions on their own does not automatically confirm that a company can use FRS 105. Your own circumstances need to be checked.

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 apply it and prepare FRS 105 accounts, or it may decide that a fuller framework such as FRS 102 better suits its circumstances — for example where it wants to present more detail, or where a lender or investor has asked for it. The choice should be made with the company's specific reporting needs in mind.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 102 is the fuller standard and is used by a wide range of businesses, including small companies that qualify for the small companies regime. FRS 105 is narrower and more streamlined: it is available only to entities that qualify for the micro-entities regime and choose to use it. In practice, FRS 105 accounts are shorter and carry fewer notes, and some items are measured on a simpler basis. Which one is appropriate depends on eligibility and on what the company needs from its accounts.

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

Micro-entity accounts prepared under FRS 105 are generally the accounts that a qualifying company files at Companies House, subject to the filing requirements that apply to it. Filing the accounts is a separate step from preparing them, and it is also separate from your Corporation Tax position. If you would like certainty about what you need to file for your company, it is worth reviewing your specific circumstances rather than assuming a default position.

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

Yes, they are distinct. FRS 105 accounts are financial statements prepared under an accounting framework and, where required, filed at Companies House. A Corporation Tax Return, usually submitted as a CT600, is a tax filing made to HMRC and is governed by tax legislation rather than by the accounts framework. The figures in your accounts often form the starting point for the tax computation, but adjustments are commonly needed, so the two should not be treated as the same document. Your Confirmation Statement is a further separate filing.

Can a new limited company use FRS 105?

Possibly, but it depends on the company's circumstances rather than on how long it has been trading. A newly incorporated company still has to satisfy the micro-entity eligibility conditions and any relevant exclusions before it can apply the regime. In a first accounting period, the length of that period and the level of activity can affect how the size tests are assessed, so it is worth checking the position before assuming FRS 105 will apply.

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

In broad terms, we need a clear picture of the company's transactions for the accounting period. That usually means bank and credit card statements, sales and purchase records, payroll information if you employ staff, details of any assets bought or sold, loan and finance agreements, stock or work-in-progress figures where relevant, and the previous year's accounts if there are any. The cleaner and more complete the records, the more straightforward the preparation process tends to be.

Are there changes coming to how micro-entity accounts are filed?

Company filing requirements do evolve over time, and the way accounts are submitted at Companies House has been the subject of ongoing reform. Because the detail and timing of any changes matter, it is sensible to check the current position for your own accounting period rather than relying on older guidance or second-hand summaries. If you would like help understanding what applies to your company, we are happy to talk it through.