─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Harrow Weald

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — a simplified UK financial reporting framework designed for companies that qualify as micro-entities and choose to apply that regime. In Harrow Weald, many small limited companies fall into this category and want accounts that are clear, correctly structured and suited to their circumstances, without unnecessary complexity. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built from accurate bookkeeping records, reflect the company’s actual transactions and present the information required under the regime in a consistent format. It also means the figures used for the accounts line up sensibly with the records you keep for other purposes. Importantly, applying FRS 105 is a choice available to qualifying companies, not an automatic entitlement — eligibility depends on the size criteria and other applicable rules, so it is worth checking your position before assuming the regime applies to 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 
    
 
 
 
   
 
 
       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.
  
 
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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
  
 
      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.
  
 
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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
  
 
      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.
  
 
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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 Regime in Plain English

FRS 105 is the UK accounting standard that sits behind the micro-entities regime. In simple terms, it is a stripped-back set of financial reporting rules for the very smallest companies. Where a company qualifies as a micro-entity and decides to apply the regime, FRS 105 is the framework used to prepare its financial statements. The idea is straightforward: less disclosure, a simpler format and a focus on the essentials — typically a concise balance sheet, a small profit and loss account and limited notes. For a Harrow Weald business owner, that usually means accounts that are quicker to prepare, easier to read and more proportionate to the size of the company. It is not a tax regime and it does not replace your Corporation Tax Return; it is about how the financial statements are put together. Choosing it means accepting certain simplifications, such as how some items are measured and what must be disclosed, so the decision should be made with your circumstances in mind rather than by default.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the 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 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. For a company in Harrow Weald, that means looking at your own figures rather than comparing yourself to other businesses — and looking at them consistently, since the conditions are assessed on the applicable basis for your period. It is important to be clear that meeting those size conditions is not, on its own, a guarantee of eligibility. Other eligibility rules and exclusions can apply, certain company types may be restricted from using the regime, and specific circumstances can affect whether it is available. Qualifying is therefore a matter of checking the size conditions alongside the wider rules, and then deciding whether applying the micro-entities regime — and therefore preparing FRS 105 Micro Entity Accounts — is the right approach for the company.

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 with Accurate Financial Reporting

Well-prepared FRS 105 Micro Entity Accounts start with well-kept records. We work from your bookkeeping, bank information, invoices, receipts and other supporting detail to build a set of financial statements that reflects what has actually happened in the business, then present it in the format the micro-entities regime expects. That includes getting the balance sheet, profit and loss account and any necessary notes consistent with the underlying records, and checking that the figures hang together before anything is finalised. Preparations of this kind are carried out by experienced accounting professionals who work to the applicable reporting requirements, and the work is approached carefully rather than mechanically. It is also worth being clear about the boundaries: preparing and filing FRS 105 accounts with Companies House is a separate exercise from dealing with Corporation Tax. A CT600 is a Corporation Tax filing submitted to HMRC, based on the company’s taxable profits, whereas the accounts are the company’s financial statements. Many businesses need both, and they are handled as distinct pieces of work — we can look after the accounts side and coordinate with your tax position so the two do not pull in different directions.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Harrow Weald

If you would like help with FRS 105 Micro Entity Accounts, the best starting point is a conversation. Tell us about your company — what it does, how it is structured, when its accounting period ends and how your records are currently kept — and we can assess whether the micro-entities regime is likely to suit your circumstances and what would be involved in preparing the accounts. Bring along your latest trial balance or bookkeeping export, details of any assets or liabilities, and anything else that affects the figures, and we can give you a clear picture of the work needed and the options available, with straightforward, transparent pricing. Whether you are preparing micro-entity accounts for the first time, moving from another framework or simply want a second pair of eyes on the numbers, get in touch with our Harrow Weald team and we will take it from there.

─── 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 a simplified framework with reduced disclosure requirements compared with the standards used by larger companies, and it is designed to keep the financial statements of the smallest companies proportionate to their size. FRS 105 governs how the accounts are prepared and presented — it is not a tax regime and does not determine how much Corporation Tax a company pays.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualifying is a matter of meeting the applicable size conditions and not falling foul of any of the relevant rules or exclusions. Some company types and certain circumstances can affect whether the regime is available, so qualifying is not simply a case of being a small business. It is worth confirming your position rather than assuming.

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 to qualify as a micro-entity. Those conditions are 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 the size conditions is not the whole story, though — other eligibility rules and exclusions can apply, so the criteria should be checked against your company's specific situation.

Is FRS 105 compulsory for every micro-entity?

No. FRS 105 applies where a qualifying company chooses to use the micro-entities regime. Qualifying for the regime and applying it are two different things. A company that meets the size conditions may still decide to prepare its accounts under a different framework, and in some cases that may be preferable depending on the company's activities, its lenders, its investors or its plans. The regime is an available option for qualifying companies, not something imposed on them automatically.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by most small and medium-sized companies and contains considerably more detail, more measurement requirements and more disclosures. FRS 105 is the micro-entities standard, offering a more streamlined approach for the smallest qualifying companies. The trade-off is that FRS 105 comes with simplifications in how certain items are treated, so it is not simply a shorter version of FRS 102 — it is a distinct framework with its own rules. Which one suits a company depends on its size, its circumstances and what the accounts need to achieve.

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

Where a company prepares accounts under the micro-entities regime, those accounts form part of its statutory reporting and are filed with Companies House in line with the applicable filing requirements. The format filed can be simplified compared with full accounts, and the filing is made through the usual channels. Filing the accounts is quite separate from filing a Confirmation Statement, which deals with company information rather than the financial statements, and separate again from Corporation Tax filings to HMRC.

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

Yes, they are two distinct pieces of work. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC, calculated by reference to the company's taxable profits and adjusted for tax rules that do not appear in the accounts. The accounts inform the tax return, but they are not the same document, and filing accounts does not discharge a company's Corporation Tax obligations — or vice versa.

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

In practice we need a clear picture of the company's transactions for the period, usually in the form of a bookkeeping export, a trial balance or a full set of records covering income and expenses. It also helps to have bank and credit card statements, sales and purchase invoices, payroll information if you employ staff, details of any assets owned by the company, loan and hire purchase agreements, and any stock or work-in-progress figures. The previous year's accounts are useful too, so we can check consistency. The more complete the records, the more straightforward the preparation tends to be.