─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Forres

If your company is based in Forres and you are looking for FRS 105 Micro Entity Accounts, you are in the right place. FRS 105 is the financial reporting framework that applies to qualifying micro-entity companies that choose to prepare their accounts under the UK micro-entities regime. It is a simplified accounting standard, but it still requires careful preparation so that the figures reported in your financial statements properly reflect your company’s transactions, balances and circumstances. Professional support can help you work through the practical points — from reviewing your bookkeeping and records through to producing a set of FRS 105 financial statements that are consistent with the framework and suitable for your company’s individual position. Because eligibility depends on more than simply being a small business, it is worth discussing your situation with someone who deals with FRS 105 accounts regularly before you decide which framework to use.

🔥 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 Accounting Framework

FRS 105 is the accounting standard in the UK that sits behind what is commonly called the micro-entities regime. In simple terms, it gives very small companies a streamlined way to prepare their annual financial statements, with a reduced set of disclosures and simpler measurement requirements compared with the fuller standards used by larger businesses. The key point is that FRS 105 is not something that applies automatically to every small company. Instead, a company must fall within the micro-entities regime, and its directors then need to decide whether to use it. If the micro-entities regime is chosen, FRS 105 is the framework that governs how the accounts are drawn up. For directors in Forres running a small limited company, that means FRS 105 Micro Entity Accounts can be an efficient and proportionate way to report the company’s financial position, provided the company genuinely qualifies and the regime is an appropriate choice for its circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies in the UK that qualify for the micro-entities regime and choose to apply it. Qualification is not simply a case of being a 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. Alongside those size tests, other eligibility rules and exclusions can apply, and certain types of company are prevented from using the regime altogether. This means that satisfying the thresholds does not by itself guarantee that a company qualifies. For a company in Forres considering FRS 105 Micro Entity Accounts, the practical approach is to review the full criteria against the company’s own figures and circumstances, then confirm whether the micro-entities regime is both available and appropriate before the accounts are prepared on that basis.

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

FRS 105 Micro Entity Accounts should be built on a clear understanding of your company’s financial records — its income, costs, assets, liabilities, share capital and any amounts owed to or by directors. Working from those records, the accounts can be prepared in line with the requirements that apply to the micro-entities regime, with each figure and disclosure considered in the context of your company’s own activities rather than being slotted into a generic template. It is also important to keep the different filing obligations separate in your mind. The preparation of your financial statements and their submission to Companies House is one process. Your Corporation Tax position, including preparation and submission of a CT600 to HMRC, is a separate obligation with its own rules and deadlines. Professional support with FRS 105 Micro Entity Accounts in Forres can help you keep those strands distinct, so you understand what is being prepared, what is being filed, and where each document is submitted.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your company. Tell us about your trading activity, your bookkeeping records, your current and previous accounting periods, and any areas you find unclear — such as whether the micro-entities regime is likely to suit your company or how your accounts interact with your other filing obligations. With that information, your circumstances can be assessed properly and you can be advised on the most sensible way forward for your FRS 105 accounts. Whether you are preparing accounts for the first time, moving from a different framework, or simply want your existing records reviewed before the accounts are finalised, get in touch to discuss your requirements.

─── 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 applies to companies preparing their accounts under the micro-entities regime. It is a simplified framework, offering reduced disclosure requirements and simpler measurement rules intended for very small companies. FRS 105 applies when a company qualifies for the micro-entities regime and its directors choose to use it.

Who can use FRS 105?

FRS 105 is available to companies that fall within the UK micro-entities regime and decide to apply it. Qualification depends on the applicable size criteria plus a range of other rules and exclusions. Meeting the size thresholds alone does not automatically mean a company qualifies, and some companies are excluded from the regime regardless of their size. It is worth checking your position rather than assuming.

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 still choose to prepare its accounts under a different standard, such as FRS 102. FRS 105 applies when the micro-entities regime is the framework that has been selected for that company's accounts.

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. These are the headline size tests. Other eligibility rules and exclusions also apply, so the criteria should be considered in full for your specific company.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by a much wider range of UK companies and includes more detailed recognition, measurement and disclosure requirements. FRS 105 is the micro-entities framework, which is deliberately simpler and shorter, with fewer disclosures. The choice between them depends on whether the company qualifies for the micro-entities regime, whether the directors want to use it, and whether the resulting accounts give an appropriate picture of the business.

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

Accounts prepared under FRS 105 still need to be delivered to Companies House in line with the company's filing obligations, and they must meet the requirements that apply to accounts filed under the micro-entities regime. Preparation of the financial statements and delivery to Companies House are steps in the same process, but they are distinct from your Corporation Tax obligations. It is worth confirming what is required for your company's particular accounting period.

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

Yes. FRS 105 Micro Entity Accounts and a CT600 are different things. FRS 105 governs how your annual financial statements are prepared and reported. A CT600 is the Corporation Tax Return submitted to HMRC, which deals with the company's tax position and is driven by its own rules and deadlines. The figures in your accounts often inform the tax return, but the two are prepared and filed separately.

Can a new limited company use FRS 105 for its first accounts?

A newly incorporated company can potentially use FRS 105 for its first set of accounts if it meets the relevant conditions for the micro-entities regime and the directors choose to apply it. First-period accounts can involve particular points, such as the length of the accounting period and the absence of comparatives, so it is sensible to review the position before the accounts are prepared rather than assuming the framework applies.