─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Haslemere

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities that choose to use the micro-entities regime. For companies in Haslemere and the surrounding Surrey area, that means a set of accounts built around a simpler, more concise format than the one used by larger businesses — typically a reduced balance sheet with limited notes rather than a full profit and loss account, directors’ report and extensive disclosure. Whether it is the right route depends on your company’s size, its structure and any rules or exclusions that apply to it, and eligibility is never automatic. Professional preparation helps make sure that the framework you use actually fits your circumstances, that the figures are drawn properly from your accounting records, and that the resulting financial statements are consistent with the information you report elsewhere. Getting this right from the outset saves time, avoids unnecessary rework and gives directors a clearer picture of the company’s position at the year end.

🔥 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 Micro-Entities Regime and Your Financial Statements

In plain terms, FRS 105 is the UK financial reporting standard written specifically for micro-entities — very small companies that meet the relevant size conditions and decide to use the micro-entities regime. It is not a different set of tax rules and it is not a substitute for any other filing; it is an accounting framework that determines how the annual financial statements are put together and what they must contain. Companies that qualify for the micro-entities regime can choose to apply it, and where that choice is made, FRS 105 is the standard that governs the accounts. Compared with the framework used by larger companies, FRS 105 is deliberately lean: the accounts are generally based on a simplified balance sheet with a small number of notes, and there are tighter restrictions on the accounting policies and measurement options available. That simplicity can make the year-end process quicker and less expensive for a director-run company in Haslemere, but it also means the accounts carry less narrative explanation, so the figures have to be accurate and properly supported by the underlying records. Understanding which framework applies to your company is the starting point for a clean, well-presented set of accounts.

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

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to use it, which means the regime applies only where both eligibility and that choice are present. 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. Those conditions are only part of the picture. Other eligibility rules and exclusions can apply — some types of entity are not permitted to use the micro-entities regime, and certain companies may be excluded because of their legal form or the nature of their activities. A change in size from one period to the next can also affect which framework is available. For these reasons, meeting the size thresholds should never be treated as an automatic right to use FRS 105. Directors of companies in Haslemere who are weighing up their options are best served by reviewing their specific circumstances, including any requirements from banks, investors or group companies, before confirming the framework for the year.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records — bookkeeping, invoices, bank statements, payroll information and asset details — and applies the recognition, measurement and disclosure requirements that go with the micro-entities regime. From those records we build a balance sheet and the supporting notes that reflect the company’s actual position, then present them in a form suitable for the company’s reporting obligations. It is worth being clear about how the pieces fit together: FRS 105 accounts are the financial statements, and filing them with Companies House is a separate step from settling Corporation Tax. A Corporation Tax Return (CT600) is submitted to HMRC, and a Confirmation Statement is a further, distinct filing that confirms company details rather than reporting financial results. Preparing the accounts and dealing with each of these obligations are related but different tasks, and we can support you across them so the information stays consistent. Our role is to prepare the accounts carefully from the records you provide, in line with the applicable reporting requirements — we do not suggest that any filing is guaranteed to be accepted, and responsibility for the accuracy of the information supplied always rests with the company and its directors.

ICAEW

ACCA

AAT

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

If your company may qualify for the micro-entities regime — or you are simply unsure which framework applies to you — a short conversation is often all it takes to clarify the position. Tell us about your company, its accounting period and how it operates, and share the records you hold: bookkeeping or accounting software exports, bank and credit card statements, sales and purchase information, payroll details, and any asset or loan documentation. With that information we can look at your circumstances, confirm whether FRS 105 Micro Entity Accounts appear appropriate for your company, and talk you through what the preparation and filing process involves. We offer clear, transparent pricing and can explain the options available so there are no surprises. Whether you are preparing accounts for the first time, moving from another adviser, or want a second pair of eyes on an approaching year end, get in touch with our Haslemere team and we will help you take the next step.

─── 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 sets out how the annual accounts of a qualifying micro-entity are recognised, measured and presented. In practice it produces a much shorter set of financial statements than the framework used by larger companies, usually built around a simplified balance sheet and a limited number of notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK micro-entities regime and choose to apply it. Qualification depends on meeting the applicable size conditions and on the company not falling within any of the relevant exclusions — for example certain entity types cannot use the regime regardless of size. Because the rules are specific, it is worth checking your company's position rather than assuming that being small automatically means the regime applies to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not an automatic one. A company that qualifies as a micro-entity may choose to apply it, and if it does, FRS 105 is the standard used. Alternatively, a qualifying company may decide to prepare its accounts under a different framework, such as FRS 102, which offers broader accounting options and requires fuller disclosure. The choice should suit the company's circumstances, its reporting needs and any requirements imposed by lenders, investors or other third parties.

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, subject to the relevant rules and exclusions. 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 during the period. Meeting the size conditions alone does not always confirm eligibility, as other rules and exclusions can apply, so it is sensible to review your specific circumstances before deciding which framework to use.

What is the difference between FRS 105 and FRS 102?

The main difference is the level of detail and the range of accounting choices available. FRS 105 is a streamlined framework for micro-entities, with a simplified balance sheet, minimal notes and restricted measurement options. FRS 102 is a fuller framework used by a much wider range of companies; it allows more accounting policy choices and requires more extensive disclosure, including a profit and loss account and additional notes. Choosing between them is a balance between simplicity and the amount of information you want or need to present.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts normally form the basis of the annual accounts filed at Companies House. The filing itself is a separate administrative step from preparing the accounts, and the exact content that must be delivered depends on the framework used and the company's circumstances. Companies House simply receives and registers filings — it does not approve, endorse or review the accounting treatment adopted, and responsibility for the content rests with the company and its directors.

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

Yes, they are two different things. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities regime and used for reporting the company's financial position. A Corporation Tax Return, commonly known as a CT600, is a separate submission made to HMRC to report taxable profits and calculate the corporation tax due. The figures in the accounts usually inform the tax return, but the documents serve different purposes, go to different recipients, and are governed by different rules.

What information is needed to prepare FRS 105 accounts?

In most cases you would provide your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, payroll and employee information, and documentation for any assets, loans or leases. It also helps to have the previous year's accounts and details of any significant transactions or changes during the period. With that information, FRS 105 Micro Entity Accounts in Haslemere can be prepared and reviewed with you so the figures reported reflect the company's position accurately.