─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Harrogate

FRS 105 Micro Entity Accounts in Harrogate are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the UK micro-entities regime. FRS 105 is the simplest accounting standard available to small companies, and it produces shorter, more straightforward financial statements than fuller reporting frameworks — but the rules still need to be applied correctly to your own figures, transactions and disclosures. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s circumstances, that the balance sheet and notes are consistent with your underlying records, and that the figures you report to Companies House tell a coherent story about the business. It also gives you a chance to step back and review the year properly, rather than treating the accounts as a box-ticking exercise. Because eligibility for the micro-entities regime depends on your company’s size, structure and any relevant exclusions, the sensible starting point is a conversation about your circumstances rather than an assumption that FRS 105 automatically applies.

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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 Micro-Entity Accounts Mean for Your Company

FRS 105 is a UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime. In plain terms, it sets out how such a company prepares its annual financial statements, including the balance sheet, the profit and loss account and the small number of notes that accompany them. It sits alongside the micro-entities regime itself: a company first needs to qualify for that regime, and then the directors choose whether to apply it. Where they do choose it, FRS 105 is the framework used to draw up the accounts. Choosing FRS 105 usually means simpler, shorter accounts, with far fewer disclosure requirements than FRS 102, and figures measured on a largely historical cost basis rather than at fair value. There are trade-offs to understand as well — the accounts are intended for the company’s members and for filing, and they are not designed to give the same depth of information as fuller frameworks. For many qualifying owner-managed companies in and around Harrogate, that simplicity is exactly the point. The key is knowing that FRS 105 applies because the micro-entities regime has been chosen and the company qualifies, not simply because a business is small.

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, which is why FRS 105 Micro Entity Accounts are not automatically available to every small company. 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 conditions are a useful guide to whether a company falls into micro-entity territory, but they are not the whole picture. Other eligibility rules and exclusions can apply — for example, certain types of entity or company structure may be prevented from using the regime regardless of size — so meeting the size conditions alone does not guarantee that FRS 105 is available to you. The regime is also optional: a qualifying company can decide it would rather prepare accounts under a fuller framework. For that reason, eligibility and the choice of framework are best confirmed by reviewing your company’s specific position, and where something is unclear, checking the current guidance or taking advice is far better than assuming.

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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly means working from your company’s financial records — bookkeeping, sales and purchase information, bank statements, payroll data, asset purchases and any loans or director balances — and reflecting them accurately in the financial statements. We prepare your micro-entity accounts in line with the FRS 105 framework and the micro-entities regime, keeping the presentation clear and the figures consistent with the records you have provided. Two separate obligations sit side by side here, and it is worth being precise about them. The first is the preparation of the financial statements and the subsequent filing of accounts with Companies House. The second is your Corporation Tax obligation, which is dealt with through a Company Tax Return (CT600) submitted to HMRC, and which is not the same thing as your accounts filing. We can support you with both, but the accounts and the tax return are distinct deliverables with distinct purposes. Our role is to prepare your FRS 105 Micro Entity Accounts carefully and in line with applicable reporting requirements; whether those accounts are accepted, and how HMRC assesses your tax position, remains a matter for Companies House and HMRC respectively.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Harrogate

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, get in touch to talk through your requirements. Tell us about your company — its structure, its trading activity, roughly how it has performed over the year and anything unusual that happened — and share the records we would need to review, such as your bookkeeping, bank information, payroll details and confirmation of any assets or loans. From there we can assess your circumstances, explain whether FRS 105 looks like the right framework for you, and set out clear, transparent pricing for the work involved before anything begins. If FRS 102 or another framework is a better fit, we will tell you that too.

─── 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 adopted the micro-entities regime prepares its annual financial statements — principally the balance sheet, the profit and loss account and a limited set of notes. It is the least complex of the UK accounting frameworks, with few disclosure requirements and simplified measurement rules, which is why it suits many very small owner-managed companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and whose directors choose to apply it. Qualification is based on the company's size as measured against the applicable thresholds, together with certain rules and exclusions that can rule a company out even if it looks small on paper. Meeting the size conditions is a starting point, not an automatic entitlement, so eligibility should be reviewed for your specific company each year.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option, not a requirement. If your company qualifies, the directors can decide whether to prepare accounts under FRS 105 or to use a fuller framework such as FRS 102 instead. In practice many qualifying companies choose FRS 105 for its simplicity, but the choice should be made deliberately, with an eye on how the accounts will be used and who will rely on them.

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. Other eligibility rules and exclusions can also apply, and there are additional considerations for companies in certain sectors or group structures. If you are close to a threshold, or your circumstances have changed, it is worth confirming your position before preparing the accounts.

What is the difference between FRS 105 and FRS 102?

The main difference is scale and detail. FRS 105 is designed for micro-entities and produces short, simple accounts with minimal disclosures and largely historical cost measurement. FRS 102 is the standard for larger small companies and other entities, and it requires considerably more disclosure and can involve fair value measurement and more judgement. Choosing between them affects how your figures are presented, what notes are included and how the accounts read to anyone reviewing them.

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

Yes — where a company prepares its annual accounts under FRS 105, those accounts still need to be filed with Companies House in the usual way, alongside the statutory filing duties that apply to the company. Preparing the accounts and filing them are two separate steps, and the filed version is a public document, so it is worth reviewing the figures and presentation before submission rather than treating filing as an afterthought.

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

Yes, they are separate requirements. The FRS 105 financial statements are your annual accounts, prepared under the accounting framework and filed at Companies House. A Company Tax Return (CT600) is a Corporation Tax filing submitted to HMRC, which reports the company's taxable profits and is calculated with reference to the accounts but is not the same document. Both need to be dealt with, and they follow different rules and go to different bodies.

What information is needed to prepare FRS 105 accounts?

We generally need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, payroll information if you employ staff, records of assets purchased or sold, and confirmation of any loans, director's loan balances or other liabilities. Opening balances from the previous year's accounts are also useful. The cleaner and more complete the records, the more straightforward the preparation process tends to be — and if there are gaps, we can talk through what is needed to fill them.