─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Etchingham — Clear Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under the UK micro-entities regime — a simplified reporting framework available to companies that qualify as micro-entities and choose to apply it. For a company based in Etchingham, that can mean shorter, more straightforward accounts that still present the business’s financial position and performance properly. FRS 105 simplifies how figures are measured and how much has to be disclosed; it does not remove the need for accurate underlying records. Professional preparation helps ensure the accounts reflect your company’s actual circumstances, that the accounting policies used are appropriate to the micro-entities regime, and that the figures agree with the records behind them. It also helps you understand what is being prepared and why, so you can make an informed decision about whether the micro-entities regime genuinely suits your company rather than assuming it does.

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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 Standard Behind Micro-Entity Accounts

In simple terms, FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. It sits at the simplest end of the UK accounting framework. The accounts are still a formal set of financial statements, but the rules on how assets and liabilities are measured are more restricted, and there are fewer disclosures to prepare than under standards such as FRS 102. The regime is optional rather than automatic: a company must first meet the micro-entity size conditions and must not fall within any of the relevant exclusions, and it then chooses — through its accounting policy — whether to apply the micro-entities regime at all. When that choice is made, FRS 105 governs how the accounts are put together. For directors of small companies in Etchingham, the practical appeal is usually simplicity: fewer notes, less complexity and a set of financial statements that is easier to read and understand.

Who Can Use FRS 105 in the UK? Eligibility for Micro-Entities in Etchingham

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — meeting the size conditions alone does not automatically place a company into the regime. 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 the starting point rather than the whole answer, because the regulations also include further eligibility rules and specific exclusions, and the conditions have to be considered in relation to the correct accounting period. As a result, a company in Etchingham that looks like a micro-entity on the headline numbers may still be required, or may prefer, to report under a different standard. Reviewing eligibility alongside your actual circumstances — rather than assuming it — is the sensible approach.

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 starts with good records and ends with a set of financial statements that can be relied upon. We work from your bookkeeping, bank statements, invoices and other supporting information to build accounts that reflect your company’s transactions for the period, applying the measurement and disclosure requirements of the micro-entities regime where that regime applies. Preparing the financial statements and filing the accounts with Companies House are treated as distinct steps, and both sit separately from your Corporation Tax position — a Corporation Tax Return (CT600) is submitted to HMRC, not to Companies House. Where it is helpful, we can also explain how the figures in your FRS 105 accounts relate to the information you will need for your tax return, so the two processes are joined up rather than handled in isolation.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Etchingham

If your company operates in or around Etchingham and you would like help with FRS 105 Micro Entity Accounts, the next step is a straightforward conversation. Tell us about your company, your accounting period and the records you already hold, and we can look at whether the micro-entities regime appears to suit your circumstances and what would be involved in preparing the accounts. Bring your trial balance or bookkeeping data, details of any assets, loans or director’s transactions, and copies of previous accounts if you have them. From there, we can set out exactly what information we need, explain how the work will be handled, and discuss clear, transparent pricing before anything begins.

─── 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 sets out how a micro-entity prepares its financial statements when it applies the micro-entities regime. It is the simplest of the UK standards: the accounts still have to present the company's financial position and performance, but the measurement rules are more restrictive and the disclosure requirements are lighter than under standards such as FRS 102. In practice, that usually means a shorter set of accounts with fewer notes. FRS 105 is not a tax regime and it is not a filing route in itself — it is the accounting framework used to produce the accounts.

Who can use FRS 105?

FRS 105 can be used by companies that qualify as micro-entities under the UK micro-entities regime and that choose to apply it. Qualifying is about size and about the other conditions set out in the regulations, including certain exclusions, so a company needs to look beyond its turnover alone. Some entities are not eligible for the micro-entities regime at all, whatever their size. Once a company does qualify, applying the regime is a choice rather than a requirement.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is available, not mandatory. A company that qualifies may choose to apply it, and if it does, FRS 105 is the standard it uses. Many qualifying companies prefer the simplicity of FRS 105, while others opt for FRS 102 — including the small entities regime — because of the accounting policies, disclosures or comparative information they want to present. The choice is an accounting policy decision for the company, and it should be made with the company's own circumstances in mind.

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 are the headline tests, and the detailed rules — including how the conditions apply to particular periods and which entities are excluded — also matter. Meeting 2 of the 3 conditions is the usual starting point, not a guarantee of eligibility.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but FRS 105 is designed specifically for micro-entities and is far more streamlined. FRS 105 limits the accounting options available — there is much less scope for fair value measurement and revaluation, for example — and it requires fewer disclosures. FRS 102 is a broader standard used by a wider range of companies and offers more flexibility, along with more detailed reporting requirements, including the small entities regime set out in Section 1A. In short, FRS 105 trades flexibility for simplicity.

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

Generally, yes. A company that prepares micro-entity accounts under FRS 105 will normally file those accounts with Companies House as part of its annual accounts obligation. Filing accounts is separate from filing a Confirmation Statement, and separate again from your Corporation Tax filings. The requirements for how small and micro-entity accounts are filed have been changing, with a move towards structured, software-based filing and more information being submitted, so it is worth checking the current position before you file.

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

Yes — they are two different things. FRS 105 accounts are financial statements prepared under the micro-entities regime, and they are filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The two are connected because the figures in the accounts usually inform the tax return, but they are prepared for different purposes, submitted to different organisations and follow different rules.

What information is needed to prepare FRS 105 accounts?

We normally need your accounting records for the period — bookkeeping or a trial balance, bank statements, sales and purchase invoices, and details of any payments or receipts that sit outside the main bank account. It also helps to have information on fixed assets and any additions or disposals, loans and director's transactions, stock or work in progress, and the previous year's accounts if there are comparatives to present. If your records are incomplete, that is not a barrier; it simply means part of the work involves bringing them to a stage where the accounts can be prepared accurately.