─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Halifax

FRS 105 Micro Entity Accounts in Halifax are prepared under the financial reporting framework designed for companies that qualify for — and choose to apply — the UK micro-entities regime. FRS 105 sits at the simplest end of the UK accounting standards, giving eligible companies a streamlined basis of preparation so their annual financial statements reflect their size and circumstances without unnecessary complexity. Professional preparation helps to ensure the accounts are built up correctly from your underlying books and records, that the right framework is applied to your company’s particular situation, and that the figures presented are consistent, clear and suitable for their intended audience. It also helps directors understand what the accounts are actually saying about the business, rather than simply treating them as a filing exercise. If you are unsure whether the micro-entities regime is the right fit for your company, a straightforward conversation about your turnover, balance sheet total and employee numbers is usually the best place to start, and it costs nothing to ask.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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: The UK Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it sets out how a micro-entity prepares its annual accounts — the balance sheet, the profit and loss account and the supporting notes — using a straightforward, cost-based approach. FRS 105 does not permit fair value accounting or the revaluation of assets, and it does not recognise deferred tax, which keeps both the measurement and the disclosure requirements lighter than those under FRS 102. The micro-entities regime is optional rather than automatic: a company that qualifies may choose to use it, and FRS 105 applies once that choice is made. For directors of small limited companies in Halifax, FRS 105 Micro Entity Accounts can mean a shorter, cleaner set of financial statements that still meets the reporting requirements that apply to the company, while being easier to read and easier to explain to lenders, investors or anyone else who needs to understand the numbers.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that 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 during the period. Those headline figures are an important part of the picture, but they are not the whole test. Certain types of entity are excluded from the micro-entities regime, and other eligibility rules can apply, so satisfying the size conditions does not by itself guarantee that a company can use FRS 105. The regime is also a choice rather than an automatic outcome — a qualifying company that elects to use it prepares its financial statements under FRS 105, and that decision is normally applied consistently from one period to the next. If any of this is unclear for your company, we can review your figures and circumstances and explain where you stand before the 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 Micro Entity Accounts and Accurate Financial Reporting

FRS 105 Micro Entity Accounts should be prepared carefully, because even a short set of micro-entity financial statements depends on getting the fundamentals right: accurate bookkeeping, sensible judgements about what belongs in the accounts, and a clear understanding of the reporting requirements that apply to your company. We prepare micro-entity accounts from the financial records you provide, applying the FRS 105 framework where your company qualifies for and has chosen the micro-entities regime, and we explain the figures as we go so you know what is being presented and why. It is important to keep the different obligations separate: preparing and filing the annual accounts with Companies House is one exercise, while a Corporation Tax Return (CT600) is a separate submission made to HMRC, dealing with tax rather than financial reporting. Confirmation Statements and other company filings are separate again. Our role is to prepare your FRS 105 Micro Entity Accounts properly and to help you understand how they fit alongside your other filing and tax responsibilities, so you can approach each deadline with confidence.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Halifax

If you would like support with your FRS 105 Micro Entity Accounts, the next step is simply to get in touch and tell us about your company. It helps to have a sense of your trading activity, the accounting records you keep, whether the micro-entities regime has been used previously, and what you need from the finished accounts — whether that is filing with Companies House, a set of figures for your own records, or both. We will talk through your circumstances, explain whether FRS 105 looks like the appropriate framework for your company, and set out clearly what information we need from you and how the process works. There is no obligation, and no assumption that the micro-entities regime is automatically the right answer for every company — we will give you a straight assessment of your position so you can make an informed decision.

─── 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 is the simplest of the UK accounting frameworks and is built around a cost-based approach: assets are generally carried at cost rather than fair value, revaluation of assets is not permitted, and deferred tax is not recognised. It also requires fewer disclosures than FRS 102, which is why it can produce a shorter, more digestible set of financial statements for a very small company.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose to apply it. Qualification depends on the size criteria being met and on the company not falling within any of the exclusions that apply to the regime. Meeting the size tests is generally necessary but not always sufficient, so the specific rules and exclusions should be checked against your company's own circumstances before the framework is adopted.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime, not a mandatory one. A company that qualifies may choose to apply it, and if it does, FRS 105 is the standard used to prepare the accounts. A qualifying company could instead apply a different framework such as FRS 102, for example where a lender, investor or group structure requires fuller reporting. The choice should be made deliberately and reviewed if circumstances change.

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 following 3 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. These are the headline size tests, but other rules and exclusions also apply, so the criteria should be considered in full rather than on turnover alone.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard: it is deliberately pared back, using largely cost-based measurement, no revaluation, no deferred tax and limited disclosures. FRS 102 is a fuller framework that permits certain accounting policy choices such as fair value and revaluation, and it requires significantly more disclosure. Moving between the two can affect the figures, so a change of framework should be planned rather than treated as a formality.

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

A company with a Companies House filing obligation will normally need to deliver annual accounts for the period, and where it qualifies for and has chosen the micro-entities regime, those accounts are prepared under FRS 105. The exact content that is filed can be reduced compared with the full accounts prepared for the members, depending on the rules in force at the time. Filing obligations vary by company, so it is worth confirming your own position rather than assuming.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts deal with financial reporting — how the company's results and position are presented and filed. A Corporation Tax Return, commonly referred to as a CT600, is a tax filing submitted to HMRC and is calculated on the company's taxable profits using tax rules rather than accounting rules. The figures in the accounts are usually the starting point for the tax computation, but they are not the same document and they are not filed in the same place.

What information is needed to prepare FRS 105 accounts?

As a starting point, we need complete records for the accounting period: bank statements and reconciliations, sales and purchase records, payroll information, details of any assets purchased or sold, stock or work in progress where relevant, and any loan or finance agreements. It also helps to know whether the micro-entities regime has been used before, and whether there are any unusual transactions the director wants included. The cleaner and more complete the records, the more straightforward the preparation of your FRS 105 Micro Entity Accounts tends to be.