─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Greenford
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Explained: What It Means for Qualifying Micro-Entities
Who Can Use FRS 105 in the UK? Companies That May Qualify for the Micro-Entities 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
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
Get Help With Your FRS 105 Micro Entity Accounts in Greenford
─── 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.
FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. It sets out how those companies recognise, measure and disclose items in their annual financial statements. It is intended to be simpler and less detailed than FRS 102, which is the standard used by most other companies, so the accounts produced under FRS 105 tend to be shorter and more straightforward.
FRS 105 is available to companies that both qualify for the micro-entities regime and choose to apply it. Qualifying depends on meeting the relevant size conditions and not falling within any of the applicable exclusions, which can include certain company types regardless of size. Meeting a size threshold on its own does not automatically mean a company can use FRS 105, and some companies that qualify may still prefer to report under a fuller standard.
No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it — and if it does, FRS 105 applies — but it can also decide to prepare its accounts under a fuller standard such as FRS 102. The right choice depends on the company's circumstances, its reporting needs and what its users expect to see.
For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions does not by itself guarantee that the regime is available.
FRS 102 is the general UK financial reporting standard used by a wide range of companies, including many small and medium-sized ones. FRS 105 sits beneath it as the standard for the micro-entities regime and contains simpler recognition, measurement and disclosure requirements, which is why FRS 105 accounts are typically shorter and less detailed. A company that qualifies for the micro-entities regime chooses between the two.
Yes — where a company prepares its statutory accounts under FRS 105, those accounts form the basis of its annual accounts filing with Companies House. The accounts filing is a separate exercise from Corporation Tax. A CT600 is a Corporation Tax return submitted to HMRC, and a Confirmation Statement is a further, separate Companies House filing. Each has its own purpose and its own information requirements.
A newly incorporated company may be able to use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. First-year accounts can raise their own points — for example around the period covered and the company's opening position — so it is worth reviewing the position early rather than assuming the regime is available.
Typically we would look for complete bookkeeping or accounting records, bank statements and reconciliations, details of sales and purchases, information on fixed assets and any liabilities or loans, plus relevant correspondence and prior-year accounts if they exist. The more complete and up to date your records are, the more smoothly the preparation of FRS 105 Micro Entity Accounts tends to go.