─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Horam

FRS 105 Micro Entity Accounts give qualifying companies in Horam a simpler, more proportionate way to prepare and present their annual financial statements. FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime, and it applies when a company both qualifies for that regime and chooses to use it. Not every small company automatically qualifies, and not every qualifying company decides the regime is right for its circumstances, so the starting point is always a proper look at your turnover, balance sheet total, employee numbers and any exclusions that might apply. Professionally prepared FRS 105 Micro Entity Accounts are built from your bookkeeping records, bank statements and supporting documents, then shaped into a set of financial statements that reflect your company’s own position and the disclosure requirements of the standard. If you run a micro-entity in or around Horam and want your year-end accounts handled with clear reasoning behind each decision, we can help you get there.

🔥 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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Regime Made Simple

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is a stripped-back accounting framework: fewer disclosures, simpler measurement rules, and a format designed for very small companies that want statutory accounts without unnecessary complexity. It is tied directly to the UK micro-entities regime — the legal framework that lets qualifying companies prepare and file simpler accounts. The important distinction is that the micro-entities regime is an available option, not an automatic label. A company needs to fall within the regime’s size criteria and must not be caught by the relevant exclusions, and even then it is a choice: a qualifying company can apply the micro-entities regime, and FRS 105 is the standard that applies when that choice is made. Some companies instead prepare accounts under FRS 102, which allows more accounting options and requires more disclosure. FRS 105 Micro Entity Accounts in Horam therefore suit directors who want straightforward, cost-effective financial statements that still meet the legal reporting requirements for their company.

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 — both parts matter. For accounting periods beginning on or after 6 April 2025, a company will generally need to meet at least 2 of 3 applicable size conditions to fall within the regime: 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 those size tests is a starting point rather than a guarantee, because the regime also carries its own rules and exclusions. Certain entities — including some companies that are part of a group, or that operate in particular sectors — may be excluded regardless of their size, and the way the tests apply can differ for a company’s first period or where figures have moved sharply. A company that does qualify is still free to prepare accounts under a different framework such as FRS 102 if that better suits its circumstances. If you are unsure where your company sits, a short review of your figures, structure and activities is usually enough to establish whether FRS 105 Micro Entity Accounts are likely to be appropriate for you.

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 is not simply a matter of adding up the bank balance at the year end. The accounts need to be built from a complete set of financial records, measured on the basis that FRS 105 requires, and presented in the statutory format with the correct primary statements and supporting notes. We work through your sales and purchase records, payroll, asset purchases, stock, loans and director transactions, then prepare financial statements that reflect what actually happened in the period and explain the basis on which they were drawn up. Where a decision affects the numbers — for example how an item is recognised or what needs to be disclosed — we set out the reasoning so you understand the position you are signing. It is worth keeping the filings distinct: the FRS 105 financial statements are the accounts prepared under the micro-entities regime, and filing those accounts at Companies House is a separate step from your Corporation Tax obligations. A CT600 Corporation Tax Return is submitted to HMRC and is not the same thing as the accounts, even though the figures usually start from the same records. Confirmation Statements are separate again. We can prepare your FRS 105 Micro Entity Accounts and support you through the Companies House filing, while making clear where your Corporation Tax responsibilities sit.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Horam

If your year end is approaching, or you simply want to know whether the micro-entities regime is the right fit for your company, get in touch to talk through your FRS 105 Micro Entity Accounts. It helps to have your latest trial balance or bookkeeping export, bank statements, details of any assets bought or sold, loan and director’s loan information, and an idea of your turnover and employee numbers for the period. With that in front of us, we can look at your circumstances, explain whether FRS 105 is likely to be appropriate, and set out what preparing and filing your accounts would involve. There is no obligation — just a straightforward conversation about where your company stands.

─── 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 qualifying companies that choose to apply the micro-entities regime should measure and present their financial statements. Compared with larger-company standards it involves far fewer disclosures, simpler measurement rules and a shorter set of primary statements, which is why it is popular with very small companies that want statutory accounts without unnecessary detail.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide 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. Meeting those size tests is not the whole story — certain rules and exclusions can prevent a company from using the regime, so eligibility should always be checked against your specific circumstances rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that falls within the size criteria can choose to apply it, and FRS 105 is the standard that applies when that choice is made. A qualifying company may instead prepare its accounts under FRS 102, which offers different accounting options and requires more disclosure. The right choice depends on the company's structure, transactions and what the directors want from the accounts.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard, with simplified measurement and minimal disclosure. FRS 102 is the standard used by larger small companies and others, and it allows more accounting policy choices while requiring more extensive notes. In practice the differences show up in areas such as revaluations, deferred tax, financial instruments and the level of detail in the notes, so the framework chosen can materially change how the accounts look.

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

Where a company prepares FRS 105 Micro Entity Accounts for a statutory financial year, those accounts will normally need to be filed at Companies House in line with the company's filing obligations, using the appropriate filing route for micro-entity accounts. Filing the accounts is a separate task from submitting a Corporation Tax Return, even though both are based on the same underlying records. It is also separate from the Confirmation Statement, which confirms company information rather than reporting financial results.

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

Yes, they are two different things. The FRS 105 financial statements are the statutory accounts prepared under the micro-entities regime and filed at Companies House. The CT600 is the Corporation Tax Return submitted to HMRC, which calculates the company's tax position for the period. The accounts are usually the starting point for the tax return, but adjustments, capital allowances and other tax rules mean the taxable figure will not always match the accounting profit.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it falls within the micro-entities regime and chooses to apply it. In the first period the size tests are assessed on the figures for that period, and a company that has only recently started trading will often sit comfortably within them. That said, eligibility still depends on the wider rules and exclusions, so it is worth confirming the position before the first set of accounts is prepared.

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

Typically we would ask for your bookkeeping records or a trial balance covering the period, bank statements and reconciliations, sales and purchase invoices or summaries, payroll information, details of any equipment or other assets acquired or disposed of, stock figures where relevant, and information on loans, leases and director transactions. If you are unsure what to send, share what you have and we can tell you what else is needed to complete an accurate set of accounts.

What changes are coming to micro-entity accounts filing?

Company filing requirements and the formats accepted by Companies House are subject to ongoing reform, including moves towards digital filing of accounts. Because the detail and timing of these changes can affect how micro-entity accounts are submitted, it is worth checking the current position before each filing rather than relying on how things were done in previous years. We can talk you through what the requirements mean for your company's next set of FRS 105 Micro Entity Accounts in Horam.