─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Glynneath Neath

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying companies which choose to use the UK micro-entities regime. If your company is based in Glynneath Neath and keeps straightforward records, this framework can offer a simpler route to producing financial statements than the fuller standards used by larger businesses. However, simplicity does not mean less care. Figures still need to be accurate, treatments need to be consistent, and the accounts must be prepared with the right disclosures for your circumstances. Professional preparation helps by reviewing your records, confirming how items should be treated under the framework, and producing FRS 105 Micro Entity Accounts that are properly structured. It also usefully separates the accounts themselves from other obligations, such as your Corporation Tax Return and Confirmation Statement. Eligibility is not automatic and should always be checked before FRS 105 is applied.

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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 
    
 
 
 
   
 
 
       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

FRS 105 is the UK accounting standard that sits behind the micro-entities regime. In everyday terms, it is a simplified set of rules for producing financial statements, designed for very small companies that meet the relevant size conditions. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the framework used to prepare its accounts. That means a shorter balance sheet and profit and loss account, with far fewer notes than you would see under a fuller framework, while still reporting the company’s financial position honestly and consistently. FRS 105 Micro Entity Accounts are not the same thing as a Corporation Tax Return (CT600) or a Confirmation Statement — those are separate filings with different purposes and different submission routes. It is also worth knowing that applying the micro-entities regime is a choice. A company that qualifies may still decide that another framework suits it better, depending on its plans, its funders or its shareholders.

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

FRS 105 is intended for companies that qualify for the UK 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 of no more than 10 employees. These tests are assessed on the relevant period, and the rules include exceptions and special cases, so the thresholds alone are not the whole story. Certain types of entity are excluded from the regime regardless of size, and a company that qualifies is still free to select a different framework. That is why eligibility should be reviewed properly rather than assumed, particularly if your company is growing, has changed shape, or is part of a wider group structure.

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 Micro Entity Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts means working from your company’s underlying financial records — bank statements, sales and purchase information, payroll details, asset records and any relevant agreements — and turning them into financial statements that follow the applicable reporting requirements. Our role is to prepare those statements carefully, applying the micro-entities framework as it applies to your circumstances, and to explain the figures in a way that makes sense to you as a director. Because the framework is simplified, the accounts themselves are short, but the underlying judgements still matter. We also keep the different obligations distinct: preparing and filing your accounts is separate from dealing with your Corporation Tax Return (CT600), and both are separate again from your Confirmation Statement. Where you need micro-entity accounts for Glynneath Neath based companies, the aim is clear, accurate reporting rather than a rushed box-ticking exercise.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Glynneath Neath

If you would like help with FRS 105 Micro Entity Accounts, the best starting point is a straightforward conversation about your company. Tell us how you currently keep your records, whether you have traded for a full period, and what you already know about your filing obligations. From there we can look at whether the micro-entities regime appears to suit your circumstances, what information we would need to prepare your accounts, and how the accounts fit alongside your other filings. If FRS 105 does not look like the right fit, we will say so and talk through the alternatives. You are welcome to get in touch with your questions, whether you are filing for the first time or simply want your existing approach reviewed.

─── 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 supports the micro-entities regime. It sets out how qualifying micro-entity companies prepare their financial statements, using a simplified format with a shorter balance sheet, profit and loss account and a limited number of notes. It applies when a company qualifies for the micro-entities regime and chooses to use it. It is not a tax return and it does not replace your other filing obligations.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and decide to apply the micro-entities regime. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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. Other eligibility rules and exclusions can also apply, so meeting the size tests alone does not automatically confirm eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A company that qualifies may still choose a different framework, such as FRS 102, if that better suits its circumstances — for example where it has funders, group reporting requirements or more complex transactions. The key point is that FRS 105 is the framework used when the micro-entities regime is actually chosen.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller financial reporting standard with more detailed recognition, measurement and disclosure requirements. FRS 105 is the simplified framework for qualifying micro-entities, so the accounts are shorter and the note disclosures are far more limited. FRS 102 generally allows more accounting policy choices, while FRS 105 works on a more prescriptive, streamlined basis. Choosing between them depends on eligibility, the company's circumstances and what the people using the accounts need to see.

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

Where FRS 105 Micro Entity Accounts are prepared for a limited company, they typically form the basis of the annual accounts that the company files at Companies House, alongside any other documents required at the same time. Filing accounts is separate from filing a Corporation Tax Return, and separate again from confirming your company details. It is worth checking the current filing requirements and accepted filing methods directly, as these can change.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities framework, while a CT600 is the Corporation Tax Return submitted to HMRC. They draw on the same underlying records and figures, but they are different documents with different purposes and different submission routes. Preparing one does not automatically take care of the other, and the two should be kept consistent.

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 as a micro-entity and chooses to apply the regime. In practice, a first set of accounts often covers a period other than twelve months, and the size conditions are assessed on the basis that applies to that period, so it is worth checking the position carefully rather than assuming. A company that does not qualify in one year may qualify later, and vice versa.

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

We usually start with your bookkeeping or accounting records, bank statements, sales and purchase information, payroll details, details of any assets or loans, and any agreements that affect the figures. Company details, share information and the period the accounts cover are also needed. Once we have that picture, we can confirm what else may be required and how the accounts should be put together for your circumstances.

What changes are coming to micro-entity accounts filing?

Companies House has been moving towards software-based filing of accounts, including for small and micro-entity companies, which may change how accounts are submitted in future. Because the detail and timing of these changes can be updated, it is best to check the current guidance on Companies House and GOV.UK before you file. Preparing your FRS 105 Micro Entity Accounts in a clean, well-supported format helps you adapt to whichever filing route applies.