─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Hanham Bristol

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — the simplified UK reporting framework available to companies that qualify as micro-entities and choose to apply it. For directors based in Hanham Bristol, that choice affects how the balance sheet, profit and loss account and supporting notes are put together, and it shapes the way the accounts are presented to Companies House. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built properly from your bookkeeping records, reflect your company’s actual circumstances, and follow the disclosure requirements that apply to the micro-entities regime. It also gives you a clear explanation of what has been prepared and why, so you understand the figures you are signing off rather than simply filing a set of numbers.

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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: The Micro-Entities Reporting Framework

In plain terms, FRS 105 is the financial reporting standard that applies when a qualifying company chooses to use the UK micro-entities regime. It is the smallest and simplest of the UK accounting frameworks, designed so that very small companies can prepare straightforward financial statements without the heavier disclosure requirements that come with larger reporting standards. FRS 105 accounts focus on the essentials: a balance sheet showing what the company owns and owes, a profit and loss account showing income and expenses, and a small number of notes. Qualifying is not automatic and choosing the regime is a decision for the company — meeting the size conditions does not by itself mean a company must use FRS 105, and there are other rules and exclusions that can affect whether the regime is available. Where the micro-entities regime is used, FRS 105 is the standard that governs how those FRS 105 Micro Entity Accounts are prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and 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. Those figures are the starting point rather than the whole answer, because the micro-entities regime also carries its own eligibility rules and exclusions. Certain types of company, and companies in particular situations, may be prevented from using it even where the size conditions appear to be met, and a company that qualified in one period will not necessarily qualify in the next. That is why eligibility is best confirmed by looking at your company’s specific position, including its activities and structure, 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 Micro Entity Accounts with Accurate Financial Reporting

FRS 105 Micro Entity Accounts should be prepared from complete and accurate financial records, and professional preparation starts with understanding what your company has actually done during the accounting period. We work from your bookkeeping, bank records, invoices and supporting documents to build a set of FRS 105 financial statements that reflects your position and follows the recognition and disclosure requirements of the micro-entities regime. Accounts preparation, Corporation Tax and statutory filing are treated as separate pieces of work: the FRS 105 Micro Entity Accounts are the financial statements, filing them with Companies House is a company law obligation, and a Corporation Tax Return (CT600) is a separate submission to HMRC. Keeping those boundaries clear helps avoid confusion about what has been submitted, where, and on what basis.

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Need Help With Your FRS 105 Micro Entity Accounts in Hanham Bristol?

If you are unsure whether FRS 105 fits your company, or you simply want your micro-entity accounts prepared properly from the records you already keep, get in touch to talk through your FRS 105 Micro Entity Accounts requirements. It helps to have your bookkeeping up to date, your bank statements reconciled, and details of any assets, loans, director transactions or unusual items to hand — but if things are less tidy than that, tell us and we can talk through the practical options. We will ask the questions needed to assess your circumstances and explain the next steps clearly, including whether the micro-entities regime looks available to you and how the accounts sit alongside your other filing obligations.

─── 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 companies that qualify as micro-entities and choose to apply the micro-entities regime. It sets out how those companies prepare their financial statements, including the balance sheet, the profit and loss account and the limited notes that accompany them. It is the most simplified framework available under UK GAAP, which is why it suits very small companies that do not need the more detailed disclosures of a larger reporting standard.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualifying is a two-part test: the company has to fall within the size criteria, and it must not be excluded by the other eligibility rules. Because the exclusions and conditions depend on the company's circumstances and history, it is worth checking whether the regime is available before assuming FRS 105 is the right framework for your accounts.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available option rather than a mandatory one. A company that meets the size conditions can generally choose whether to apply the micro-entities regime, and FRS 105 is the standard that applies when that regime is chosen. Some companies prefer to prepare accounts under FRS 102 instead, for example because a lender, investor or group company wants more detail. The decision belongs to the company, within the rules that apply to it.

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 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 2 of the 3 does not automatically confirm eligibility on its own — other rules and exclusions can apply, and certain companies are prevented from using the regime regardless of size. Checking the position properly at the start of the period is the sensible approach.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard and is deliberately streamlined, with a short list of permitted notes and a simpler measurement approach. FRS 102 is the standard for larger small companies and other entities, and it involves more detailed accounting treatments, more disclosure and more judgement in areas such as financial instruments, leases and deferred tax. Choosing between them affects the figures presented and how much supporting disclosure is included.

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

Preparing accounts under FRS 105 does not remove the company's obligation to file annual accounts with Companies House. What changes is the content and presentation: the accounts are prepared under the micro-entities regime, and micro-entity accounts can be filed in the simplified format the rules allow. Filing is a separate step from preparing the accounts, and it is also separate from anything submitted to HMRC.

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

Yes, and the two should not be confused. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and filed with Companies House. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC, and it is based on the company's taxable profits rather than being a copy of the accounts. A Confirmation Statement is a further, separate filing. The figures in the accounts usually provide the starting point for the tax position, but the submissions themselves are distinct.

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

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase invoices or summaries, details of any assets bought or sold, information on loans, director's loan movements and other balances, plus details of anything unusual that happened during the year. If a previous set of accounts exists, that is useful too. The cleaner the records, the more straightforward the preparation — but missing information can usually be worked through rather than treated as a blocker.