─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Gwaelod-y-garth

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities which have chosen to adopt the micro-entities regime. For companies based in Gwaelod-y-garth, that means a simplified set of financial statements prepared in line with FRS 105 rather than the fuller disclosure requirements of FRS 102. Whether the micro-entities regime is the right fit depends on your company’s size, its legal form and any applicable exclusions, so eligibility always needs to be checked against the rules for the specific accounting period rather than assumed. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect the company’s actual financial records, are presented in the required format, and are supported by working papers that make the figures easy to follow. It also gives you a clear separation between the accounts themselves, the Companies House filing, and any separate Corporation Tax obligations, so you know what is being submitted, where, and why.

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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.
  
 
      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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities — very small companies that meet the size conditions for the micro-entities regime and choose to apply it. In plain terms, it is a stripped-back accounting framework: the financial statements are still prepared on the same underlying basis as other UK accounts, but with far fewer notes and disclosures, so the balance sheet, profit and loss account and supporting information stay concise and readable. The key point is that the regime is optional for companies that qualify. A qualifying company can choose to apply the micro-entities regime, and where it does, FRS 105 is the standard that applies to those financial statements. If it does not, a different framework such as FRS 102 may be more appropriate. For directors in Gwaelod-y-garth running a small trading company, FRS 105 Micro Entity Accounts can keep reporting straightforward while still producing a formal set of accounts for the company’s records and for filing where required.

Who Can Use FRS 105 in the UK?

FRS 105 in the UK is intended for companies that qualify for the micro-entities regime and choose to apply it. The starting point is size. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable 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. Alongside those size conditions, other eligibility rules and exclusions apply, and the tests can work differently where a company is part of a group or operates in a particular sector. That is why meeting the thresholds should never be read as an automatic entitlement. If you run a company in Gwaelod-y-garth and think FRS 105 Micro Entity Accounts may suit you, the sensible approach is to check eligibility carefully for the specific period, confirm that adopting the micro-entities regime is appropriate, and then prepare the financial statements on that basis.

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 for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your company’s own records — bookkeeping, bank transactions, invoices, expenses, payroll information and any asset or liability detail — and turns them into a formal set of financial statements presented in the format FRS 105 requires. That means the balance sheet and profit and loss account are drawn up on the correct basis, the limited disclosures permitted under the micro-entities regime are included where needed, and the figures are internally consistent and supported by clear working papers. It is worth being precise about what is being prepared: the accounts themselves are one thing, filing those accounts with Companies House is a separate step, and Corporation Tax is separate again — a CT600 is submitted to HMRC and is not the same document as the financial statements. A Confirmation Statement is also a distinct filing. Good preparation keeps these threads clearly separated, so you understand which document serves which purpose and can review the numbers with confidence before anything is submitted.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Gwaelod-y-garth

If you would like help with your FRS 105 Micro Entity Accounts, the best starting point is a conversation about your company and its circumstances. Tell us about your trading activity, your accounting period, your bookkeeping records and how your company is structured, and we can assess whether the micro-entities regime and FRS 105 appear to be a suitable route for your financial statements. It also helps to know whether you need the accounts for Companies House filing, for your own records, or alongside separate Corporation Tax work, so that everything is planned and prepared in the right order. Pricing is kept clear and transparent, with fixed-fee options available, so you know what you are agreeing to before work begins. Get in touch with your requirements and any records you already have, and we can talk through the next practical steps.

─── 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 micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime prepare their financial statements, using a simplified format with far fewer notes and disclosures than a full set of accounts under FRS 102. The accounts still show the company's financial position and performance — typically a balance sheet, a profit and loss account and the limited supporting disclosures the standard permits.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and then choose to apply the micro-entities regime. Qualifying is not automatic and it is not only about size — certain entity types and circumstances are excluded, and the tests are applied on a group basis in some cases. Meeting the size conditions does not by itself guarantee eligibility, so the position should be checked against the rules for your specific accounting period and your company's particular situation.

What are the current micro-entity eligibility criteria for accounting periods beginning on or after 6 April 2025?

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 to fall within the micro-entity thresholds: 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. These conditions sit alongside other eligibility rules and exclusions, so satisfying the size test is one part of the picture rather than the whole answer.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for companies that qualify — it is a choice, not an obligation. A qualifying company can decide to apply the micro-entities regime, and where it does, FRS 105 is the standard that governs its financial statements. A company that qualifies but prefers fuller disclosure might instead prepare accounts under a framework such as FRS 102. The decision is usually best made by looking at the company's size, its reporting needs and who will rely on the accounts.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are pitched at different sizes of company. FRS 105 is the micro-entities standard and is deliberately brief, with limited note disclosures. FRS 102 is the standard for larger small companies and other entities, and it requires substantially more disclosure — for example, around accounting policies, financial instruments and related party transactions. Choosing between them affects how much detail appears in your accounts and how much preparation work sits behind them.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Accounts prepared under FRS 105 are still company accounts, so where a company is required to file accounts, those accounts go to Companies House in the usual way — micro-entity accounts are simply filed under the micro-entities regime rather than full or small company provisions. Filing accounts is a separate obligation from filing a Confirmation Statement, and separate again from Corporation Tax. The exact filing position depends on your company's circumstances, so it is worth confirming what applies to you before submitting anything.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes, they are distinct. The FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profit and calculate the tax due. The accounts often provide the starting figures for the return, but the two documents serve different purposes, go to different bodies, and follow different rules — micro-entity accounts do not replace a Corporation Tax Return.

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

In practice, we usually need your accounting records for the period: bookkeeping or ledgers, bank and credit card statements, sales invoices and purchase records, payroll information, details of any loans, assets or liabilities, and the previous year's accounts if there are comparatives to bring forward. Company details such as the registered name, company number and period dates are also needed. If your records are incomplete, that is not a barrier — it simply helps to talk it through early so the gaps can be filled before preparation begins.