─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Gillingham

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, a simplified UK reporting framework available to companies that qualify and choose to apply it. If your company is based in Gillingham and you are weighing up how best to report your results, FRS 105 can offer a more streamlined route than the fuller frameworks, with shorter financial statements and reduced disclosure. Professional preparation helps make sure your FRS 105 Micro Entity Accounts are built up properly from your books and records, reflect the transactions you have actually entered into, and are presented in line with the framework as it applies to your company’s particular circumstances. That includes checking whether the micro-entities regime is genuinely the right fit for your business, since not every small company qualifies and eligibility depends on the relevant size conditions together with the wider rules and exclusions. Getting that groundwork right from the outset makes the reporting process far less stressful, whether you are preparing accounts for Companies House, for your own records, or as the starting point for your tax position.

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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

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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 
    
 
 
 
   
 
 
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   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.
  
 
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   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.
  
 
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   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.
  
 
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   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
  
 
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   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
  
 
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   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.
  
 
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   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
  
 
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   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.
  
 
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   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.
  
 
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   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 for Gillingham Micro-Entities

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it is a stripped-back set of accounting rules designed for the smallest companies, allowing them to produce shorter, simpler financial statements than they would under a fuller framework. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard it uses to prepare its accounts, which means less disclosure, a simpler balance sheet and profit and loss account format, and a reporting process that is generally quicker and less costly to go through. It is important to understand that the micro-entities regime is something a company opts into — it is an available accounting framework for qualifying companies, not an automatic label applied to every small business. Eligibility depends on the applicable size conditions and on the wider rules and exclusions that can affect particular companies, so it is worth confirming your position before you commit to FRS 105. For directors in Gillingham running a small trading company, a consultancy or a similar owner-managed business, FRS 105 Micro Entity Accounts can keep the reporting burden proportionate to the size and complexity of what the company actually does, while still producing a proper set of financial statements.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company 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 figures give a useful indication of the scale the regime is aimed at, but they are only part of the picture. The micro-entities regime also carries its own rules and exclusions, and certain companies are prevented from using it regardless of their size — so satisfying the turnover, balance sheet and employee conditions does not automatically mean a company is eligible. Directors in Gillingham considering FRS 105 Micro Entity Accounts should therefore look at the whole position, including the nature of the company, its group structure and its wider reporting obligations, before deciding whether the regime is appropriate. It is also worth remembering that eligibility is assessed period by period, and a company that has used the regime before may find its position changes as it grows.

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

Accurate financial reporting starts with accurate records, and FRS 105 Micro Entity Accounts are no exception. We work from the information you provide — your bookkeeping, bank records, sales and purchase records, payroll data, asset information and any other supporting documentation — to build a set of financial statements that reflects what the company has actually done during the period. The accounts are prepared with reference to the micro-entities regime and the presentation and disclosure requirements that apply to it, and we will talk you through the judgements and assumptions involved so you can see how the figures have been arrived at. It is worth keeping the different obligations clearly separate in your mind. Preparing and filing FRS 105 financial statements with Companies House is one thing; submitting a Corporation Tax Return (CT600) to HMRC is another, and a Confirmation Statement is a third, separate filing. Each has its own content, purpose and deadlines, and each needs to be dealt with on its own terms rather than assumed to follow automatically from the accounts. We can support you across these requirements, but no one can promise that a filing will be accepted or that a particular tax outcome will follow — what we can do is prepare your accounts carefully, on the basis of the records and information available, so that what is submitted is as complete and accurate as your circumstances allow.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your company is based in or around Gillingham and you would like help with FRS 105 Micro Entity Accounts, the sensible next step is a straightforward conversation. Tell us about your business — what it does, how it is structured, roughly what its turnover and balance sheet position look like, and whether you have already applied the micro-entities regime in previous periods. Share what records you have available, whether your bookkeeping is up to date, and which filings you know are outstanding. With that picture in front of us, we can tell you whether FRS 105 looks like an appropriate framework for your company, explain what preparing the accounts will involve, and set out how our services would work in practice, including clear, transparent pricing and fixed-fee options where these suit your needs. You will get a considered view of your circumstances rather than a one-size-fits-all answer, and a clear idea of the information we will need from you to get started.

─── 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 is a simplified framework, allowing qualifying companies to prepare shorter financial statements with reduced disclosure compared with the fuller standards used by larger businesses. Where a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 is the standard used to prepare its accounts.

Who can use FRS 105?

FRS 105 is intended for companies that both qualify for the UK micro-entities regime and decide to apply it. Qualifying is not the same as being required to use it, and eligibility is not decided on size alone — the wider rules and exclusions in the regime also matter. A company that meets the size conditions in one period may not meet them in another, so eligibility is worth reviewing each time you prepare accounts rather than assumed to continue.

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 may choose to apply it and prepare FRS 105 Micro Entity Accounts, or it may instead prepare accounts under a fuller framework such as FRS 102. The right choice depends on the company's circumstances, its size and any other requirements that apply to it — for example, where a parent, investor or lender expects a fuller set of financial statements.

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 conditions sit alongside the other rules and exclusions that form part of the micro-entities regime. Meeting 2 of the 3 conditions does not by itself guarantee eligibility, because the wider requirements still need to be satisfied, so it is worth checking your position carefully before relying on FRS 105.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard and is deliberately pared back, with simpler formats and far fewer disclosures. FRS 102 is the standard used more broadly across small and medium-sized companies and requires fuller recognition, measurement and disclosure. In practice, choosing between them is about whether your company qualifies for the micro-entities regime, whether applying it suits your circumstances, and what the readers of your accounts — such as lenders or shareholders — expect to see.

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

Companies that are required to file annual accounts will generally need to send a set of accounts to Companies House, and where FRS 105 Micro Entity Accounts have been prepared, those are the accounts that would be filed. Filing the accounts is a separate step from preparing them, and it is also separate from your other statutory obligations. Requirements differ depending on the company's situation, so it is worth confirming exactly what applies to your company rather than assuming the same process applies to everyone.

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

Yes — they are two distinct things. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, and they are generally filed with Companies House. A Corporation Tax Return (CT600) is a tax filing submitted separately to HMRC to report the company's taxable profits and calculate the corporation tax due. The figures in your accounts are usually the starting point for the tax return, but the tax computation involves its own adjustments and rules, so the two documents should not be treated as interchangeable.

What information is needed to prepare FRS 105 Micro Entity Accounts?

As a starting point, we normally need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase records, payroll information, details of any assets bought or sold, loan and finance agreements, and any relevant correspondence with HMRC or Companies House. If you have prepared accounts before, the previous year's figures are helpful too. The more complete and organised your records are, the more straightforward the process tends to be — and if there are gaps, we can talk through what is missing and how best to fill them.