─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Eye

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company is based in Eye and meets the relevant eligibility conditions, FRS 105 Micro Entity Accounts can offer a simplified approach to preparing your annual financial statements. Professional preparation helps ensure your accounts are put together appropriately for your company’s circumstances, reflecting the applicable reporting requirements rather than relying on a one-size-fits-all template. It is important to remember that not every small company qualifies for the micro-entities regime, so eligibility should always be checked carefully before FRS 105 is applied.

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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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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: The Micro-Entities Regime Made Simple

FRS 105 is the UK financial reporting standard designed for companies that qualify as micro-entities and choose to apply the micro-entities regime. In simple terms, it sets out a simplified way to prepare annual financial statements, with fewer disclosures and measurement requirements than the larger reporting frameworks. For a company in Eye, using FRS 105 Micro Entity Accounts means preparing accounts under the micro-entities regime rather than under FRS 102 or another standard. Qualifying companies can choose to apply the regime, and FRS 105 applies when that choice is made. It is an available accounting framework, not an automatic entitlement, so eligibility and any relevant exclusions should be considered first.

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

FRS 105 is available to companies that qualify for the UK micro-entities regime and 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. However, other eligibility rules and exclusions can affect whether a company can use the regime, so meeting the size thresholds alone does not guarantee eligibility. For companies in Eye considering FRS 105 Micro Entity Accounts, it is always worth reviewing the specific circumstances before deciding to apply the framework.

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.

FRS 105 Micro Entity Accounts: Professional Preparation and Accurate Financial Reporting in Eye

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and the applicable reporting requirements. This typically involves preparing the financial statements — such as the balance sheet and any required notes — in line with the micro-entities regime, and then dealing with Companies House filing as a separate step. Corporation Tax obligations, including the CT600 return submitted to HMRC, are distinct from the accounts themselves, even though the figures should be consistent. Working with an experienced preparer can help you present accurate financial reporting that reflects your company’s transactions and position, while keeping the accounts and other filings clearly separated.

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Ready to Sort Your FRS 105 Micro Entity Accounts in Eye?

If you need help with FRS 105 Micro Entity Accounts in Eye, the next step is a straightforward conversation about your company’s circumstances. We can review your situation, explain what information is needed to assess eligibility for the micro-entities regime, and outline how the accounts can be prepared from your records. Whether you are preparing accounts for the first time or switching from another framework, get in touch to discuss your requirements and provide the details we need to understand your position. There is no obligation, and no outcome is promised — just clear, practical support with your FRS 105 Micro Entity Accounts.

─── 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 qualifying micro-entities that choose to apply the micro-entities regime. It provides a simplified basis for preparing annual financial statements, with reduced disclosure and measurement requirements compared with larger frameworks such as FRS 102.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the 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 size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not always guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that qualifies may choose to apply FRS 105, or it may use another applicable framework such as FRS 102. The choice depends on the company's circumstances and reporting needs.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. A company generally needs to meet at least 2 of these 3 conditions, subject to the relevant rules and exclusions. Being a small company does not automatically mean you qualify.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but FRS 105 is the simpler framework for qualifying micro-entities. FRS 102 is used by a wider range of companies and generally requires more disclosures and more complex measurement. FRS 105 is designed to reduce the reporting burden for those who qualify and choose to use it.

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

Yes, where the company is required to file annual accounts, FRS 105 Micro Entity Accounts would be filed with Companies House as the company's statutory accounts. This filing is separate from any Corporation Tax return submitted to HMRC. Filing requirements can vary depending on the company's circumstances, so it is important to confirm what applies to you.

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

Yes. The FRS 105 accounts are the financial statements prepared under the micro-entities regime, while the CT600 is a Corporation Tax return submitted to HMRC. They serve different purposes and go to different bodies, although the figures in the accounts are often used to help prepare the tax return.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility depends on the company's size and whether any exclusions apply. A newly incorporated company might not yet have a full accounting period of figures, so it is worth checking the position before deciding which framework to use.