─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Gaerwen: Clear Support for Qualifying Companies

FRS 105 Micro Entity Accounts are the financial statements prepared under the UK micro-entities regime by companies that qualify for it and choose to apply it. FRS 105 sits within the UK’s financial reporting framework and offers a simplified basis of preparation, which is why it is often the framework of choice for very small companies in Gaerwen and across the wider Anglesey area. Applying the regime is a decision rather than an automatic consequence of being a small company, so it is worth confirming eligibility before any accounts are prepared. Professional preparation helps ensure your FRS 105 Micro Entity Accounts genuinely reflect your bookkeeping and underlying records, are presented in line with the applicable reporting requirements, and are ready for the company’s reporting obligations, including the accounts filed with Companies House. It also keeps the accounts firmly separated from other obligations, such as a Corporation Tax Return (CT600) or a Confirmation Statement, so nothing is confused or overlooked.

🔥 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 Regime in Plain English

In simple terms, FRS 105 is the financial reporting standard that applies when a qualifying UK company chooses to use the micro-entities regime. The regime exists to reduce the reporting burden on the very smallest companies, so FRS 105 allows a streamlined set of financial statements with a simpler balance sheet, a profit and loss account, and far fewer disclosure notes than larger frameworks require. FRS 105 financial statements are designed so that accounts prepared in accordance with the standard are presumed to give a true and fair view, which is why the framework is recognised rather than being a shortcut that ignores proper reporting. Importantly, FRS 105 is not something a company is automatically placed into — a company must first qualify for the micro-entities regime and then choose to apply it. Once that choice is made, FRS 105 is the framework used to prepare the micro-entity accounts. For directors in Gaerwen weighing up how to present their company’s results, understanding that distinction is the key to getting the accounts right.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then 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 number of employees of no more than 10. Meeting those size conditions is not the whole story — other eligibility rules and specific exclusions can apply, and there are additional considerations around group structures and regulated or financial-sector activity, so a company that appears to fit the thresholds should still confirm its position. It is also worth remembering that qualifying does not force a company into the regime; FRS 105 applies only where the company elects to use it. For directors in Gaerwen, reviewing eligibility alongside the reporting needs of lenders, investors and other users of the accounts is the practical way to decide whether FRS 105 Micro Entity Accounts are the right fit.

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.

Accurate Reporting: Professionally Prepared FRS 105 Micro Entity Accounts in Gaerwen

Preparing FRS 105 Micro Entity Accounts properly starts with the company’s own financial records — bank statements, sales and purchase records, payroll information, asset details and any supporting documentation — and builds from there in line with the applicable reporting requirements. A professional preparer will look at how your company actually operates, consider whether the micro-entities regime is suitable for its circumstances, and then present the financial statements in a clear and consistent format. It is important to keep two things separate: the preparation and filing of the financial statements with Companies House, and the company’s separate Corporation Tax obligations, which are dealt with through a Corporation Tax Return (CT600) submitted to HMRC. Those are distinct exercises with distinct requirements, and a Confirmation Statement is a further, separate filing. Working with someone who understands FRS 105 Micro Entity Accounts in Gaerwen means the accounts are based on accurate records, prepared on a consistent basis, and explained to you in language you can follow, rather than simply handed over.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Gaerwen

If your company may qualify for the micro-entities regime, or you are unsure whether FRS 105 is the right framework for your circumstances, the sensible next step is a straightforward conversation. Tell us about your company, your trading activity, your bookkeeping records and what you need from your accounts, and we can assess how your FRS 105 Micro Entity Accounts should be approached. Clear, transparent pricing and a practical explanation of what is involved come as standard, so you know what to expect before anything begins. Get in touch to discuss your requirements and to share the information needed to review your position.

─── 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 using the micro-entities regime. It sets out how the smallest qualifying companies prepare their financial statements, allowing a simplified balance sheet and profit and loss account with substantially reduced disclosure requirements compared with larger reporting frameworks. FRS 105 applies only where a company qualifies for the micro-entities regime and chooses to adopt it.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and then choose to apply the regime. Qualification is based on size conditions together with other eligibility rules and exclusions, so being a small company does not automatically mean FRS 105 applies. Some companies are excluded from the regime regardless of their size, which is why eligibility should be confirmed before accounts are prepared on that basis.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company may choose to apply it, in which case FRS 105 is the framework used for its financial statements, or it may instead prepare accounts under a different framework such as FRS 102. The choice should suit the company's circumstances, including how it is managed, financed and reported on.

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 size conditions only — further rules and exclusions can affect whether a company actually qualifies, and qualifying does not oblige a company to use the regime.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company and offer different levels of detail. FRS 105 is the micro-entities framework, with a simpler format and far fewer disclosures, while FRS 102 is the standard generally used by small and larger entities and involves more comprehensive recognition, measurement and disclosure requirements. Moving between the two can affect how figures are presented, so it is worth reviewing the position with your accountant rather than switching without consideration.

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

Where a company is required to file accounts, the accounts prepared under the micro-entities regime form the basis of what is submitted to Companies House. The content filed at Companies House can differ slightly from the full accounts prepared for the company's members, so it is worth checking exactly what needs to go on the public record. Filing accounts with Companies House is separate from any Corporation Tax filing made to HMRC.

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

Yes, they are entirely separate exercises. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and generally filed with Companies House. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC, based on the company's taxable profits and computed under tax rules rather than the accounting framework alone. A Confirmation Statement is a further, separate filing, so it is worth keeping all three clearly distinguished.

What information is needed to prepare FRS 105 accounts?

Typically you would provide the company's bookkeeping records for the period, bank statements and reconciliations, details of sales and purchases, payroll and employee information, loan and lease agreements, and supporting documents for any assets, such as purchases or disposals. Details of share capital, dividends and any directors' loans are also relevant. Having complete records available makes the preparation of FRS 105 Micro Entity Accounts in Gaerwen considerably more straightforward.