─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Garsington

FRS 105 Micro Entity Accounts are the streamlined statutory financial statements prepared under the UK micro-entities regime, and they can be a good fit for very small companies that qualify for and choose to apply it. FRS 105 provides the financial reporting framework for qualifying micro-entities, with simpler recognition and measurement rules and far fewer disclosure requirements than the frameworks used by larger businesses. If you run a limited company in Garsington, professional preparation can help ensure your accounts are put together appropriately for your company’s circumstances — reflecting the transactions and balances in your records, applying the framework consistently, and presenting the results in the expected format for Companies House filing. It also helps to have someone check whether the micro-entities regime genuinely suits your company this year, because eligibility depends on the size criteria and on any rules or exclusions that may apply, rather than on the fact that your company is small. Getting the framework right from the start makes year-end far less stressful and keeps your financial statements clear and consistent.

🔥 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: What It Is and Why It Matters to Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook a qualifying company follows when it prepares its annual financial statements under the micro-entities regime. The micro-entities regime is one of the accounting regimes available under UK company law, and it is optional: a company that qualifies can choose to apply it, or it can prepare accounts under a different framework such as FRS 102. FRS 105 applies when that regime is chosen. Because the regime is designed for the very smallest companies, FRS 105 keeps things as simple as the law allows. Assets and liabilities are generally measured on a historical cost basis, there is no revaluation or fair value accounting, and the disclosure requirements are limited. In practice, FRS 105 financial statements usually centre on a balance sheet with a small number of notes, and the micro-entity accounts filed at Companies House are typically much shorter than the accounts of a larger company. What matters is that the figures are prepared in line with the framework and that the accounts tell an accurate, consistent story about the company’s position at its year end.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the micro-entities regime under UK company law and that choose to apply it when preparing their annual financial statements. Qualification is based on size, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of 3 applicable 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. Those conditions sit alongside the relevant rules and exclusions, which means that meeting the size thresholds alone does not always guarantee eligibility — certain company types are excluded from the regime, and other factors can affect the position. It is also worth remembering that the regime is optional, so a qualifying company may still prefer a different framework. For a company based in Garsington or anywhere else in the UK, the sensible approach is to review the company’s figures, its legal form and its activities for the period in question before deciding whether FRS 105 Micro Entity Accounts are the right route.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is a technical exercise, even where the numbers are straightforward. The framework has its own recognition and measurement rules and a specific disclosure set, so the accounts need to be built from your company’s underlying financial records — bookkeeping, bank statements, sales and purchase records, payroll information and asset details — and then presented in the format the regime requires. Working with an accounting professional helps make sure the figures are consistent with your records, that the notes say what they need to say, and that your financial statements are prepared with the applicable reporting requirements in mind. It is worth keeping two things clearly separate: the preparation of your statutory accounts and their filing at Companies House, and your Corporation Tax obligations, including the CT600 Corporation Tax Return submitted to HMRC. They draw on the same underlying figures but they are distinct filings with distinct requirements, and treating them as separate tasks helps avoid confusion. While no one can guarantee how a filing will be reviewed or accepted, careful preparation and a proper review of the numbers give you a much firmer footing.

ICAEW

ACCA

AAT

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

If you would like help with your FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your company. Tell us about your trading activity, your accounting period, your current bookkeeping arrangements and anything unusual that happened during the year — a new loan, an asset purchase, a change in shareholding, or a period of dormancy, for example. We can then look at whether your company appears to qualify for the micro-entities regime, whether FRS 105 is the right fit for your circumstances, and what information we would need from you to prepare your accounts. We offer clear, transparent pricing and fixed-fee options, so you know where you stand before any work begins. Whether you are filing for the first time or moving across from another framework, get in touch and we will talk through your requirements in plain English.

─── 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 micro-entities. It sets out how a qualifying company that has chosen to use the micro-entities regime prepares its annual financial statements, including the rules for recognising and measuring assets and liabilities and the limited disclosures required. It is deliberately simpler than the frameworks used by larger companies, which is why it suits very small businesses with straightforward affairs.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and that choose to apply it. Qualifying depends on the size criteria being met and on a range of rules and exclusions, so being a small company on its own is not enough. Some company types are excluded from the regime regardless of their size. We look at your company's individual position before confirming whether FRS 105 is appropriate.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it and prepare FRS 105 accounts, or it may instead prepare its accounts under another framework, such as FRS 102. What matters is that the framework chosen is permitted for that company and applied consistently, and that the accounts are prepared in line with it.

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. Meeting those conditions does not automatically confirm eligibility, because other rules and exclusions can apply. Eligibility should be checked against your company's specific circumstances for the period in question.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard and is the more streamlined of the two. It generally requires assets and liabilities to be measured at historical cost, and it does not permit revaluation or fair value accounting. FRS 102 is a fuller framework used by small and larger entities, with more detailed recognition, measurement and disclosure requirements. Choosing between them is a question of which regime your company qualifies for and which framework best reflects your circumstances.

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

Where a company prepares statutory accounts, those accounts generally need to be filed at Companies House, and that includes micro-entity accounts prepared under FRS 105. There are specific rules on what micro-entity accounts include, and the filed version is typically a balance sheet with limited notes rather than a full set including the profit and loss account. Filing arrangements and formats for small and micro-entity accounts have also been changing, so it is worth checking the current position before you file.

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

Yes, and it is important not to treat them as the same thing. FRS 105 Micro Entity Accounts are your statutory financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is a separate Corporation Tax Return submitted to HMRC to report your company's taxable profits and calculate the tax due. The two draw on the same underlying records, but they are different documents with different purposes and different filing routes.

What information is needed to prepare FRS 105 accounts?

In most cases we would ask for your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, payroll information if you employ staff, and records of any assets, loans, directors' loans or share capital movements. Opening balances from the previous year's accounts are also needed so the figures are consistent. If you are unsure what to send, we can provide a simple checklist based on how your company operates.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. First-year accounts often include incorporation costs such as share capital and any initial expenses, so the records need to be complete for the whole period. It is worth confirming the position early, because the framework chosen for the first accounts tends to set the pattern for later years.