─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Fermanagh

If your company is based in Fermanagh and you are looking for straightforward, appropriately prepared FRS 105 Micro Entity Accounts, we can help. FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime, allowing smaller companies to present simpler financial statements than those prepared under a fuller reporting standard. Professional preparation means your accounts are built from your actual accounting records, reflect your company’s own circumstances, and are presented in line with the requirements that apply to the regime you have chosen. We take the time to understand how your Fermanagh business operates — whether you are a sole director company, a family-run trade, or a small service or retail business — and we explain what is included in your FRS 105 Micro Entity Accounts in plain English. Eligibility is not automatic, so part of the process is confirming whether the micro-entities regime is available and appropriate for your company before any accounts are prepared.

🔥 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 Reporting Framework Behind Micro-Entity Accounts

FRS 105 is a UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook that sets out how a very small company’s financial statements should be prepared when that company qualifies for the micro-entities regime and chooses to use it. The regime itself is a set of size-based conditions that determine whether a company is small enough to be treated as a micro-entity; FRS 105 is the accounting framework that applies once the regime is chosen. Because FRS 105 is designed for the smallest companies, it uses simpler measurement rules and requires fewer disclosures than larger reporting frameworks, which keeps the accounts shorter and easier to read. That said, the accounts still need to be prepared accurately from real records and presented correctly. For a company in Fermanagh, the practical effect is a set of FRS 105 Micro Entity Accounts that gives a clear picture of the business’s financial position without unnecessary complexity. It is worth remembering that using the micro-entities regime is a choice, not something that happens automatically, and a company can also be excluded from it even when the size conditions are met.

Who Can Use FRS 105 in the UK? Eligibility for Fermanagh Companies

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it — it is not something a company is required to use, and it is not open to every small business. 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. These conditions are the starting point rather than the whole test. Other eligibility rules and exclusions apply, and certain types of company are not permitted to use the micro-entities regime at all, so meeting the size conditions alone does not guarantee that a Fermanagh company can prepare FRS 105 Micro Entity Accounts. Eligibility also needs to be considered for each accounting period, because a change in turnover, balance sheet total, employee numbers or company structure can affect the position. The sensible approach is to review your company’s individual circumstances against the applicable rules before deciding whether FRS 105 is the right framework for your 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

Good FRS 105 Micro Entity Accounts start with good records. We prepare your accounts from the information your company holds — bookkeeping, bank and payment records, sales and purchase documentation, payroll information, asset details and any relevant supporting correspondence — and then present the financial statements in the format that the micro-entities regime requires. This includes the balance sheet, the notes that FRS 105 calls for, and the supporting statements that accompany accounts filed at Companies House for a Fermanagh company. It is important to keep two things distinct: the preparation and filing of financial statements, and the calculation and submission of Corporation Tax. The accounts are a financial reporting document; a Corporation Tax Return (CT600) is a separate submission made to HMRC, and a Confirmation Statement is a further, separate filing with Companies House. We can discuss how each of these fits together for your business, and we will tell you clearly what information or decisions we still need from you before the accounts can be finalised.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Fermanagh

If you would like help with FRS 105 Micro Entity Accounts for your Fermanagh company, get in touch and tell us a little about your business. It helps if you can share details such as your company’s accounting period, your trading activity, your bookkeeping records, and any previous accounts or filings. From there, we can talk through whether the micro-entities regime may be available to your company, what your reporting options look like, and what would be needed to prepare your FRS 105 financial statements. If you are unsure whether your circumstances fit, that is perfectly normal — many directors are. A short conversation is usually enough to clarify the position, and it is a sensible first step before your next accounts are due.

─── 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 the measurement and disclosure requirements that apply to a company's financial statements when that company qualifies for the micro-entities regime and has chosen to apply it. It is deliberately simpler than the standards used by larger companies, which is why FRS 105 Micro Entity Accounts tend to be shorter and more streamlined.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK micro-entities regime and then choose to apply that 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 the size conditions does not automatically guarantee eligibility, because other rules and exclusions can apply, and some company types are not permitted to use the regime.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose to apply it, or it can prepare its accounts under a different framework such as FRS 102 Section 1A. The important point is that FRS 105 applies when the micro-entities regime is the one that has been chosen.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader UK and Ireland financial reporting standard that applies to a much wider range of companies and includes more detailed measurement rules and far more disclosure requirements. FRS 105 is a simplified framework available only to qualifying micro-entities that choose the micro-entities regime. In practice, FRS 105 accounts are shorter, involve fewer accounting policy choices, and avoid the more complex measurement and disclosure options found in FRS 102.

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

Companies that are required to file annual accounts at Companies House generally do so, and FRS 105 Micro Entity Accounts are prepared so that they can be used for that purpose where the regime applies to the company. Filing accounts is a separate obligation from filing a Confirmation Statement or a Corporation Tax Return. The precise filing requirements depend on your company's circumstances, so it is worth confirming the position for your own accounting period rather than assuming.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities reporting framework, while a CT600 is a Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The two are related because the accounts usually inform the tax computation, but they are distinct documents with separate purposes and separate submission routes. Preparing one does not automatically deal with the other.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime from its first accounting period if it qualifies and chooses to do so. Eligibility is assessed against the applicable conditions, and in a first period the tests are applied in the way the rules require for a shorter or initial period. Because exclusions and other rules can affect the outcome, it is sensible to confirm eligibility before assuming FRS 105 will be available.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank and payment provider statements, sales and purchase documentation, payroll information, details of any assets or liabilities, and your previous year's accounts if you have them. Anything unusual that happened during the period is also useful to know about. The better the records, the more efficiently your FRS 105 Micro Entity Accounts can be prepared and reviewed.