─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Feniton

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the UK micro-entities regime. In Feniton, small limited companies that meet the relevant size conditions often find this regime attractive because it offers a simpler, more streamlined basis for preparing financial statements than the larger reporting frameworks. FRS 105 accounts focus on the information that matters most to a micro-entity and its readers, keeping the financial statements concise while still reflecting the company’s position accurately. Professional preparation helps ensure the accounts are put together appropriately for your company’s particular circumstances — the nature of its trade, its assets and liabilities, its transactions during the period, and the accounting policies that suit it. It also helps confirm that the micro-entities regime is genuinely the right fit for the year in question, since eligibility depends on meeting the applicable size conditions and on no relevant exclusions applying. Whether you are preparing your first set of FRS 105 Micro Entity Accounts in Feniton or looking for a more dependable ongoing approach, the aim is straightforward financial statements that are consistent, clearly presented and prepared with the applicable reporting requirements in mind.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out how a qualifying company that has chosen to apply the micro-entities regime should prepare its annual financial statements. Because FRS 105 is a simplified framework, it allows a more concise set of accounts than FRS 102 or the larger-company standards, with far fewer disclosure requirements and a narrower set of measurement rules. The important point is that the micro-entities regime is a choice — a company that qualifies is not forced to use it. Where a company decides to apply the regime, FRS 105 is the standard that governs how its accounts are drawn up. FRS 105 financial statements typically include a balance sheet, a profit and loss account (which may be filed in a reduced form), and a small number of notes, all prepared on the basis set out in the standard. For a Feniton-based micro-entity, this usually means accounts that are quicker to prepare, easier to read and more proportionate to the size of the business, while still giving an accurate picture of what the company owns, owes and has earned during the period. It is also worth keeping in mind that FRS 105 concerns financial reporting only — it is separate from how the company’s Corporation Tax position is calculated and reported.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not automatic. 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. Alongside those size conditions, there are further eligibility rules and exclusions, and certain types of company cannot use the regime at all, no matter how small they are. Meeting two of the three conditions is therefore an important part of the picture, but it does not by itself guarantee that a company qualifies — an unusual year, a change in activity, or the nature of the entity can all affect the position. Even where a company does qualify, applying the micro-entities regime remains a decision rather than an obligation. For a Feniton company weighing this up, it is worth looking at both the eligibility tests and whether FRS 105 genuinely suits the business, including the expectations of its shareholders, lenders and other users of the accounts.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records — bank statements, sales and purchase information, payroll details, asset purchases and disposals, stock figures where relevant, and any loans or balances owed to or by the company. From that information, the accounts are drawn up in line with FRS 105 and the micro-entities regime, applying the recognition and measurement rules that suit your circumstances and presenting the results in the standard format for a micro-entity. It is helpful to separate the different obligations that sit around a company’s year end. The FRS 105 financial statements are the accounts themselves; filing those accounts with Companies House is a separate step with its own requirements and deadlines. Corporation Tax is separate again: a CT600 return is submitted to HMRC and deals with the company’s tax position, which is not the same thing as preparing accounts under FRS 105. A Confirmation Statement is a further, distinct filing and does not replace the accounts. Good preparation therefore involves keeping the accounting, the Companies House filing and the tax reporting aligned but clearly distinguished, so that each is completed on the correct basis. If it turns out that the company does not qualify for the micro-entities regime in a given period, or that the regime is not the most suitable choice, alternative frameworks can be considered instead.

ICAEW

ACCA

AAT

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

If you would like help with your FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps to share a little background first: what the business does, when your accounting period ends, whether you have prepared micro-entity accounts before, and whether you are also looking for support with your Companies House filing or your Corporation Tax return. From there, we can look at your circumstances, consider whether the micro-entities regime appears to suit your company, and explain what information we would need from you to prepare the accounts. If you have records in a particular format, or you use accounting software, let us know — it usually makes the process smoother. We keep our pricing clear and offer fixed-fee options so you know where you stand, and we are happy to answer questions before you decide anything. Reach out to discuss your requirements and we will take it from there.

─── 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 designed for micro-entities. It sets out how a qualifying company that has chosen to apply the micro-entities regime should prepare its annual financial statements. It is a simplified framework, with fewer disclosures and simpler measurement rules than the standards used by larger companies, which makes it well suited to very small businesses that want proportionate accounts.

Who can use FRS 105?

FRS 105 is available to 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions alone does not always mean a company qualifies. Some company types are excluded from the regime regardless of size.

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 can choose to apply it and prepare FRS 105 accounts, or it may instead use a different framework such as FRS 102. The choice is usually made with the company's circumstances in mind, including the needs of its shareholders, lenders and anyone else who relies on the accounts.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard for most UK companies, and it requires considerably more disclosure and applies broader measurement rules, including areas such as fair value and deferred tax that FRS 105 does not. FRS 105 is a much more concise framework tailored to micro-entities, so the accounts look simpler and contain less detail. Which one is appropriate depends on whether the company qualifies for the micro-entities regime and whether applying it is the right choice.

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

Preparing accounts under FRS 105 and filing them with Companies House are two related but separate matters. If a company is required to file accounts, the accounts it files need to be prepared under an appropriate framework — FRS 105 where the micro-entities regime applies. There are specific rules about what a micro-entity must include in the accounts filed, and the filing itself has its own requirements and deadlines that are distinct from the tax position.

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

Yes, they are separate. The FRS 105 financial statements are the company's accounts, prepared under the micro-entities regime. A CT600 is a Corporation Tax return submitted to HMRC, which deals with the company's tax position. The figures in the accounts often inform the return, but the two serve different purposes and are submitted to different bodies, so one does not replace the other.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility is assessed against the applicable size conditions and the other rules of the regime, so a new company should not assume it qualifies simply because it is small or newly formed. It is worth checking the position for the specific accounting period before deciding.

What information is needed to prepare FRS 105 accounts?

Typically you would provide bank statements and reconciliations, details of sales and purchases, payroll information, records of assets bought or sold, figures for any stock held, and details of loans or other balances owed to or by the company. Anything that affects the company's income, costs, assets or liabilities during the period is relevant. The clearer your records, the more straightforward the preparation tends to be.

Are there changes coming to micro-entity accounts filing?

Filing requirements for small and micro-entities do change from time to time, including in relation to how accounts are submitted and what they must contain. Because the rules can shift, it is sensible to check the position for your own accounting period rather than relying on what applied in previous years. We can talk through what the current requirements mean for your company's FRS 105 Micro Entity Accounts.