─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Gravesend

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK — and for small companies in Gravesend and the surrounding Kent area, they can offer a simpler, more streamlined route to producing statutory accounts. FRS 105 is not a filing shortcut or an automatic option: it is an accounting framework available to companies that satisfy the micro-entities eligibility rules and then choose to apply that regime. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, are presented in the format the framework requires, and are consistent with the information you report elsewhere — such as your Corporation Tax Return (CT600), which is a separate submission to HMRC. If you run a small limited company and want accounts that are proportionate to the size and complexity of your business, working with someone who understands the micro-entities regime can make the process clearer, faster and far less stressful.

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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.
  
 
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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
  
 
      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.
  
 
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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.
  
 
      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 financial reporting standard designed specifically for micro-entities — the smallest category of company covered by the UK’s company reporting rules. Where a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 sets out how its financial statements should be prepared, including the primary statements, the limited disclosure requirements and the way figures are measured. In practice, that means shorter accounts with less supporting note disclosure than you would see under a larger reporting framework, which is why FRS 105 Micro Entity Accounts appeal to owner-managed businesses in Gravesend that want statutory accounts they can actually understand. The key point is that FRS 105 is a choice available to qualifying companies, not something every small company is automatically placed into. Your accountant will normally confirm eligibility first, then prepare the FRS 105 financial statements from your records.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it for their financial statements. For accounting periods beginning on or after 6 April 2025, qualification generally turns on meeting 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 figures are the starting point, not the whole answer. The regime also carries other eligibility rules and exclusions, and certain companies — including some that are part of a group, or that carry on particular types of activity — may not be able to use it regardless of size. Eligibility also needs to be considered period by period, because a change in turnover, balance sheet total or headcount can affect which regime is available. For businesses in Gravesend, the practical step is to have your circumstances reviewed properly, then confirm whether the micro-entities regime is both available and the right choice before FRS 105 Micro Entity Accounts are prepared.

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. When preparing FRS 105 Micro Entity Accounts, we work from the information you provide — bookkeeping records, bank statements, sales and purchase information, payroll data, asset details and any relevant agreements — and then build the financial statements in line with the requirements of the micro-entities regime as it applies to your company. That includes preparing the balance sheet, the profit and loss account and the limited disclosures required under FRS 105, and helping you understand what the figures say about your business. It is worth being clear about the boundaries: preparing FRS 105 accounts and filing them with Companies House is one task, while your Corporation Tax Return (CT600) is a separate obligation submitted to HMRC, and your Confirmation Statement is a further, distinct filing. No accountant can guarantee a particular filing outcome, but careful, well-organised preparation based on complete records gives you the best foundation for getting your statutory reporting in order.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you are unsure whether FRS 105 is the right framework for your company, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, get in touch. We will ask about your company’s circumstances — its size, its activities, its ownership structure and how it has been reported previously — along with the records needed to assess and prepare the accounts. Send over your bookkeeping, bank information and any relevant documents, and we can talk through the options, the process and our clear, transparent pricing. Whether you are a newly formed company in Gravesend or an established one considering a change of accounting framework, a short conversation is usually the quickest way to get clarity.

─── 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 qualifying micro-entities prepare their statutory financial statements, including the format of the balance sheet and profit and loss account, the measurement rules and the limited disclosure requirements. It is deliberately simpler than the frameworks used by larger companies, which is why it is popular with owner-managed businesses.

Who can use FRS 105?

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. Meeting the size conditions is not the whole picture — other eligibility rules and exclusions can apply, and some companies are excluded from the regime entirely. Eligibility should always be checked against your company's specific circumstances.

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, or it may instead report under a different framework where that is appropriate or preferred. The choice can depend on the needs of the owners, lenders or other users of the accounts, so it is worth discussing the options before deciding.

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

If your company prepares FRS 105 Micro Entity Accounts, those accounts form the basis of your statutory accounts filing with Companies House, subject to the filing requirements that apply to your company. The accounts you file are usually a version of the full accounts prepared for the members, and the exact form of the filing depends on the company's circumstances. Filing statutory accounts is a separate exercise from dealing with your Corporation Tax position.

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

Yes. FRS 105 Micro Entity Accounts are prepared under the accounting and financial reporting framework for qualifying micro-entities. A CT600 is a Corporation Tax Return submitted to HMRC, which covers your company's tax position for the period. Although the two are connected — the accounts figures normally inform the tax return — they are distinct documents with different purposes, different recipients and different requirements.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the financial reporting standard used by a much wider range of UK companies, including small and medium-sized entities. It generally requires more disclosures and offers more accounting policy options and measurement choices than FRS 105. FRS 105 is the more streamlined framework, designed around the limited reporting needs of qualifying micro-entities. Which framework applies depends on whether the company qualifies for and chooses the micro-entities regime.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but it depends on whether it qualifies for the micro-entities regime and chooses to apply it. Eligibility in the first period is assessed against the relevant rules, which may differ from those applying to an established company with a trading history. It is worth confirming the position early so that the first set of accounts is prepared on the right basis from the outset.

What information do you need to prepare FRS 105 Micro Entity Accounts?

Typically, we need your bookkeeping records or a listing of income and expenses, bank and credit card statements for the period, sales and purchase information, payroll details if you employ staff, a list of assets such as equipment or vehicles, details of any loans or leases, and the previous year's accounts if there are any. Having this information complete and well organised makes the preparation process smoother and helps reduce back-and-forth queries.

What changes are coming to micro-entity accounts filing?

Company filing requirements do evolve, including measures relating to how accounts and other information are submitted to Companies House. Because the detail and timing of these changes can matter to your company, it is sensible to confirm the current position for your specific reporting period when you prepare your FRS 105 Micro Entity Accounts, rather than relying on older guidance that may no longer reflect the rules in force.