─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Goole

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. For many small companies in Goole, that choice can simplify how the annual accounts are put together, but it still requires careful preparation. The figures need to come from your own accounting records, be presented in line with the requirements of FRS 105, and reflect the company’s actual circumstances rather than a template. Professional preparation helps make sure the financial statements are built around the right framework, that the disclosures made are appropriate, and that the accounts are consistent with the information you hold. It also helps separate the accounting and filing exercise from related obligations such as Corporation Tax. Qualifying for the micro-entities regime is not automatic, so it is worth checking eligibility before assuming FRS 105 Micro Entity Accounts are the right route for your company.

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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: What It Means for Micro-Entities

FRS 105 is the financial reporting standard that applies to UK companies using the micro-entities regime. In plain terms, it is a simplified set of accounting rules designed for the smallest companies, and it sits alongside the Companies Act requirements that govern how annual accounts are prepared and filed. A company does not become a micro-entity automatically, and FRS 105 is not compulsory for everyone who might qualify. Instead, the micro-entities regime is an available accounting framework, and where a qualifying company chooses to apply it, FRS 105 is the standard that governs the financial statements. That generally means simpler measurement and fewer disclosures than the larger reporting frameworks, which can make the annual accounts process more straightforward for a small company. If you are running a company in Goole, understanding whether FRS 105 suits your circumstances is a sensible first step before the accounts are prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size conditions generally require a company to meet at least 2 of 3 applicable tests: 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 starting point, but they are not the whole story. Other eligibility rules and exclusions can apply depending on the type of company, its activities and its structure, which means that satisfying the size conditions does not automatically guarantee that the micro-entities regime is available. Eligibility can also change from one accounting period to the next as a business grows or restructures. For companies in Goole considering FRS 105 Micro Entity Accounts, the sensible approach is to check your specific position before deciding which framework to use.

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.

Accurately Prepared FRS 105 Micro Entity Accounts for Goole Companies

FRS 105 Micro Entity Accounts should be built directly from the company’s financial records — bank transactions, sales and purchase information, expense records, asset details and any other supporting documentation — and then presented in line with the applicable reporting requirements for the micro-entities regime. That means the balance sheet, and any accompanying notes or statements, need to reflect what actually happened in the business during the period, accurately and consistently. It is important to keep the different obligations clear: preparing the financial statements and filing accounts with Companies House is one exercise, while Corporation Tax is a separate matter dealt with through a Company Tax Return (CT600) submitted to HMRC. The two are related, because both draw on the same underlying records, but they are not the same filing. Working with someone who prepares FRS 105 accounts regularly helps ensure the numbers are consistently presented and that the accounts are ready for the relevant filing, without overstating what any filing process can guarantee.

ICAEW

ACCA

AAT

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

If you run a small company in Goole and want to understand whether FRS 105 Micro Entity Accounts are the right fit, get in touch to discuss your requirements. Tell us about your company, your accounting period, the records you keep and how your bookkeeping is currently handled. That information helps us assess your circumstances, explain how the micro-entities regime works in practice, and set out what is involved in preparing FRS 105 financial statements for your business. Whether you are preparing accounts for the first time, switching framework, or simply want support alongside your existing records, a straightforward conversation is the best starting point.

─── 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 annual financial statements, and it is deliberately simpler than the standards used by larger businesses, with reduced measurement requirements and fewer disclosures. Where a qualifying company chooses to apply the micro-entities regime, FRS 105 is the framework that governs how its accounts are put together.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualifying is not simply a matter of being small — there are size conditions to meet and other eligibility rules and exclusions that can affect whether a company is actually able to use the regime. It is worth reviewing your position each year, because circumstances such as growth in turnover, additional employees or changes in the company's structure can alter which framework applies.

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 can generally choose whether to apply it, and some businesses prefer to use a different framework for reasons connected with lenders, investors, group reporting or future plans. FRS 105 applies where the micro-entities regime is the framework that has been chosen for that company and period.

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 during the period. Meeting those conditions is not the whole picture, because additional rules and exclusions can apply depending on the company's nature and activities. Eligibility should therefore be confirmed for your specific circumstances rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by a much wider range of UK companies, including small companies that do not use the micro-entities regime. It allows more accounting options and generally requires more disclosure than FRS 105, and it includes a specific section for small entities. FRS 105, by contrast, is a much shorter and more restrictive framework available only to qualifying micro-entities. The practical effect is that FRS 105 accounts tend to be simpler to prepare, but they also give you less flexibility in how items are measured and presented.

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

Limited companies are generally required to file annual accounts with Companies House, and where those accounts are prepared under FRS 105 they are filed as micro-entity accounts. Filing is a separate step from preparing the financial statements themselves, and the format and content of what is filed can differ from the full accounts prepared for the company's own records. Companies House does not review or approve accounts in the sense of endorsing their content — responsibility for what is filed rests with the company and those who prepare the accounts.

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

Yes, they are separate filings. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, and they are filed with Companies House. A CT600 is a Company Tax Return submitted to HMRC to report the company's taxable profit and calculate Corporation Tax. The two draw on the same underlying accounting records, so they should be consistent with each other, but they are prepared and submitted to different bodies for different purposes.

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

In practice, preparation starts with complete and up-to-date accounting records for the period. That typically includes bank statements and reconciliations, sales invoices and income records, purchase invoices and expense receipts, details of any assets owned by the company, information about loans, directors' balances and creditors, and details of any share capital. It also helps to know the company's accounting period, its previous accounts, and whether anything unusual happened during the year, such as a change in activity or a significant one-off transaction.