─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Goring-on-Thames

If your company is considering the micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework that applies when that regime is chosen. FRS 105 is the UK accounting standard written specifically for qualifying micro-entities, and it allows a simpler, more streamlined set of financial statements than the larger reporting frameworks. For directors in Goring-on-Thames, the practical benefit is a set of accounts that reflects the size and nature of a small company without unnecessary complexity. Professional preparation helps to make sure the accounts are put together appropriately for your company’s own circumstances — its trading activity, its accounting records, the transactions it has entered into during the period, and the disclosures that the standard requires. It also helps to keep the accounts consistent with the underlying bookkeeping and with the information the company reports elsewhere, so that you are not left reconciling differences later. Because eligibility for the micro-entities regime depends on meeting the applicable size conditions and on certain rules and exclusions, a short conversation about your company’s position is usually the sensible first step.

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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 Qualifying Micro-Entities

FRS 105 is the financial reporting standard in the UK that applies to companies using the micro-entities regime. In plain terms, it is a simplified accounting framework for very small companies — one that recognises fewer adjustments than other standards and keeps the financial statements short and readable. Under FRS 105, a company generally prepares a straightforward balance sheet, a profit and loss account and a small number of notes, rather than the longer formats required under larger frameworks. The important point is that FRS 105 is not something every small company is automatically placed into. The micro-entities regime is an available accounting regime, and a company needs to qualify for it and then choose to apply it. Where a company qualifies and makes that choice, FRS 105 is the standard that governs how its accounts are prepared. For a director in Goring-on-Thames, understanding this distinction matters because the framework you use affects the figures presented, the disclosures made, and how the accounts look to anyone who reads them — from lenders and landlords to HMRC and Companies House.

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. The first question is therefore whether your company qualifies. 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 size conditions is the starting point rather than the whole answer, because other eligibility rules and exclusions can apply — certain companies are prevented from using the regime regardless of their size, and the way the conditions are assessed can depend on the period and the company’s history. The second question is whether applying the regime is the right decision. Because it is a choice rather than a requirement, a company that qualifies may still prefer a fuller framework if, for example, a lender, investor or parent company expects more detailed information. For directors in Goring-on-Thames, the practical step is to review your company’s figures for the relevant period alongside the applicable rules before deciding, rather than assuming that a small company is automatically within the regime.

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

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your company’s bookkeeping, bank information, invoices, expense records and other supporting documents to build a set of financial statements that reflects the transactions of the period and follows the presentation and disclosure requirements of the micro-entities framework. That includes preparing the balance sheet, profit and loss account and the notes that FRS 105 calls for, and making sure the figures agree back to the records they came from. It is worth being clear about how the different obligations fit together: the preparation of FRS 105 financial statements and the filing of accounts with Companies House are accounting and company law matters, while a Corporation Tax Return (CT600) is a separate submission made to HMRC to report the company’s taxable profits. A Confirmation Statement is separate again, and deals with the company’s registered details rather than its finances. Good accounting work keeps these threads consistent with one another without treating them as the same thing. Our role is to prepare your accounts carefully and accurately based on the information you provide and the reporting requirements that apply to your company.

ICAEW

ACCA

AAT

Ready to Sort Out Your FRS 105 Micro Entity Accounts in Goring-on-Thames?

If you would like help with your FRS 105 Micro Entity Accounts, the best place to start is a straightforward conversation about where your company stands. Tell us about your trading activity, how your records are kept, whether the company is new or has been trading for some time, and what you already know about your company’s size for the accounting period in question. With that information, we can assess your circumstances and explain how the micro-entities regime and FRS 105 would apply, or whether another framework is more suitable. If you have accounts, bookkeeping or Companies House filing that also needs attention, we can look at those alongside the accounts. There is no need to have everything neatly packaged before you get in touch — bringing what you have is enough to begin. Contact us to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 for companies that use the micro-entities regime. It sets out a simplified basis for preparing financial statements, with fewer recognition and measurement adjustments than other UK standards and a shorter set of required disclosures. In practice, it tends to produce a concise balance sheet, profit and loss account and a small number of notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not automatic, and it is not simply a matter of a company describing itself as small. The size conditions and certain rules and exclusions both need to be considered, which is why it is worth checking your company's position rather than assuming.

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. Those conditions apply alongside the relevant rules and exclusions, so meeting the size tests alone does not always mean the regime is available. Eligibility should be confirmed against your company's own circumstances and the accounting period in question.

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 can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies decide that a different framework better suits how they want their financial statements to look, particularly where a lender, investor or group relationship is involved.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller standard and involves more recognition and measurement requirements and more extensive disclosures. FRS 105 is deliberately simpler and is reserved for qualifying micro-entities that have chosen the micro-entities regime. The difference shows up in the level of detail in the accounts, the accounting treatments available and the volume of notes provided.

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

Companies that prepare accounts under FRS 105 will normally have a Companies House filing obligation, though the specific filing requirements depend on the company and the period involved. Filing accounts with Companies House is distinct from a Corporation Tax Return (CT600) to HMRC and from a Confirmation Statement, which deals with registered company details rather than financial reporting.

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

Yes. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. FRS 105 accounts are the financial statements prepared under the micro-entities framework. The two are connected because the accounts feed into the tax computation, but they are separate documents with separate purposes and separate submission routes.

What information is needed to prepare FRS 105 accounts?

Typically we would look for your bookkeeping or accounting records for the period, bank and payment platform statements, sales and purchase information, details of any assets and liabilities, and any loans or amounts owed to or from directors. If your company has traded through more than one period, prior year accounts help keep the figures consistent. If a company is new, we can work with whatever records exist so far.