─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Hadleigh

If your company is based in Hadleigh and you are looking for a simpler, more proportionate way to prepare your annual financial statements, FRS 105 Micro Entity Accounts may be worth exploring. FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime, and it applies when a qualifying company chooses to apply that regime. It is not something every small company can simply adopt by preference — eligibility depends on the company’s size and on whether any exclusions apply to it. Professional preparation of FRS 105 Micro Entity Accounts helps ensure the figures in your financial statements are built up properly from your accounting records, that the disclosures reflect the micro-entity regime rather than a fuller reporting framework, and that the accounts are presented in a way that is appropriate to your company’s particular circumstances and activities. Whether you are filing your first set of micro-entity accounts or switching from a different framework, we can talk through what is involved and what information we would need from you.

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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 in Hadleigh

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime. In plain terms, it is a simplified accounting framework: it allows qualifying companies to prepare financial statements on a basis that is far less detailed than the larger reporting standards used by bigger businesses, with fewer disclosures and a more straightforward approach to measuring assets and liabilities. Choosing the micro-entities regime is a decision, not an automatic outcome of being small — a company must qualify for it and then actually apply it, and FRS 105 is the standard that applies once that choice is made. In practice, this matters because the framework you use shapes how your profit, balance sheet and notes are presented in your annual accounts, and it determines the level of detail that appears in the financial statements you prepare for your members and file at Companies House. For many owner-managed companies around Hadleigh, FRS 105 Micro Entity Accounts offer a proportionate way to report, provided the company genuinely meets the qualifying conditions and no exclusion applies.

Who Can Use FRS 105 in the UK? Eligibility for Hadleigh Companies

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 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 during the accounting period. Meeting 2 of those 3 conditions is the starting point rather than the whole story. The micro-entities regime also carries its own qualifying rules and exclusions, and some companies are prevented from using it despite looking small on the numbers — for example, where the company is part of a group that must prepare consolidated accounts. That means a Hadleigh company should not assume it qualifies simply because it is small, nor should it assume it cannot use the regime without checking. It is also worth remembering that the regime is optional: a qualifying company can still prepare accounts under a fuller framework if that better suits its lenders, investors or group. If you are unsure where your company stands, we can review your circumstances against the current rules and explain whether FRS 105 Micro Entity Accounts appear to be available to you.

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 Hadleigh Companies

Preparing FRS 105 Micro Entity Accounts properly means starting from accurate, complete bookkeeping and then applying the micro-entity reporting requirements to the figures. That includes confirming that the company qualifies for the micro-entities regime for the period in question, presenting the profit and loss account and balance sheet in the required format, and keeping disclosures to those the framework expects for a micro-entity. The preparation of the financial statements and the act of filing them at Companies House are two connected but distinct steps, and both are separate from your Corporation Tax obligations. Your statutory accounts prepared under FRS 105 are not the same thing as a Corporation Tax Return (CT600), which is submitted to HMRC and is based on your taxable profits rather than on the presentation of the accounts. Likewise, a Confirmation Statement is a separate Companies House filing and does not replace annual accounts. When you work with us on FRS 105 Micro Entity Accounts, we prepare the financial statements from the records you provide, explain the basis on which they have been prepared, and deal with the accounts filing separately from any tax filings you ask us to handle. We do not claim that any filing will be automatically accepted, and we do not suggest that Companies House or HMRC approve or endorse accounts we prepare.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts for your Hadleigh-based company, the best starting point is a conversation about your circumstances. Tell us about your company, the period you need accounts for, whether you have previously used a different reporting framework, and how your records are currently kept. From there we can look at whether the micro-entities regime appears to apply to you, explain what the preparation process involves, and set out what information we would need. Whether you are a director of a long-established company or preparing your first set of accounts, we can guide you through the practical steps and answer your questions before anything is prepared.

─── 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 a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, including the format of the profit and loss account and balance sheet and the limited disclosures that accompany them. It is a simplified framework, intended to keep reporting proportionate to the size and complexity of the smallest companies.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is about size, but it is not only about size — certain rules and exclusions can prevent a company from using the regime even where it looks small enough on the numbers. In addition, a company must not be part of a group that is required to prepare consolidated accounts, and there are other restrictions in the regime that can apply. Because eligibility is fact-specific, it is worth checking your position before assuming FRS 105 is available to you.

Is FRS 105 compulsory for every micro-entity?

No. FRS 105 is an available option rather than an obligation. A company that qualifies for the micro-entities regime can choose to apply it and therefore prepare FRS 105 Micro Entity Accounts, but it is not forced to do so. A qualifying company may instead report under a fuller framework such as FRS 102, and some companies do that deliberately — for example, where a lender, investor or group parent wants more detailed information than the micro-entity framework provides.

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 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 during the period. Meeting those size conditions is the starting point, not the whole test — the qualifying conditions and the exclusions in the micro-entities regime still have to be considered, so a company that satisfies 2 of the 3 size conditions is not automatically eligible in every case.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the fuller UK financial reporting standard used by most small and medium-sized companies, while FRS 105 is the streamlined standard for micro-entities. The main practical differences are the level of disclosure required, the way amounts are recognised and measured, and the overall presentation of the accounts. FRS 105 accounts are shorter and simpler; FRS 102 accounts give readers considerably more information. Which one is appropriate depends on whether the company qualifies for and chooses the micro-entities regime, and on whether anyone relying on the accounts needs the extra detail.

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

Statutory accounts, including accounts prepared under FRS 105 by companies that qualify for the micro-entities regime, need to be filed at Companies House for the relevant accounting period, subject to any filing exemptions that apply to your company. Filing the accounts is a separate exercise from preparing them, and it is also separate from your Corporation Tax Return and from your Confirmation Statement. If you would like us to handle the filing as well as the preparation, we can do that from the information you provide.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entity reporting framework and filed at Companies House. A Corporation Tax Return, usually submitted as a CT600, is a tax filing made to HMRC that reports your company's taxable profits and calculates the Corporation Tax due. The accounts often provide the starting point for the tax computation, but the two documents serve different purposes and go to different authorities.

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

We generally need your bookkeeping or accounting records for the period, including sales and purchase information, bank statements and reconciliations, details of any assets and liabilities, payroll information where relevant, and the previous year's accounts for comparison. It also helps to know whether the company has any unusual transactions, loans, or group relationships, since these can affect both eligibility for the micro-entities regime and how the accounts are presented. Once we see your records we can confirm exactly what is required.