─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Horley

FRS 105 Micro Entity Accounts in Horley are prepared under the UK financial reporting framework for qualifying companies that choose to apply the micro-entities regime. FRS 105 is not a filing shortcut or a replacement for tax returns; it is a specific accounting basis with its own recognition, measurement and disclosure requirements. Professional preparation can help you work from your company’s records, consider the applicable rules for your circumstances, and produce financial statements that are suitable for the micro-entity framework. Eligibility depends on the company meeting the relevant conditions and choosing the regime, so it is worth checking your position before assuming FRS 105 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 300 reviews 
    
 
 
 
   
 
 
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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 .
  
 
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   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.
  
 
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   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.
  
 
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   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.
  
 
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   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: What It Means for FRS 105 Micro Entity Accounts in Horley

FRS 105 is the financial reporting standard used by UK companies that qualify for, and choose to apply, the micro-entities regime. In simple terms, it gives smaller companies a simpler set of accounting rules for preparing annual financial statements, with fewer disclosures than larger reporting frameworks. A qualifying company can decide to use the micro-entities regime, and when it does, FRS 105 applies to those accounts. The accounts still need to reflect the company’s transactions and financial position properly, so professional help can be valuable if you want the figures and disclosures handled carefully. For FRS 105 Micro Entity Accounts in Horley, the focus is on preparing accounts that fit the company’s circumstances and the chosen framework.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Horley Companies

FRS 105 is designed for UK companies that qualify for the micro-entities regime and choose to apply it when preparing their annual accounts. 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. However, meeting those size conditions does not automatically mean a company can use FRS 105, because other eligibility rules and exclusions may apply. If you are considering FRS 105 Micro Entity Accounts in Horley, it is worth reviewing your company’s position against the current requirements and confirming that the micro-entities regime is the right choice for the period.

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.

Professional Preparation for FRS 105 Micro Entity Accounts in Horley

Professionally prepared FRS 105 Micro Entity Accounts in Horley start with accurate financial records and a clear understanding of the accounting framework the company has chosen. We can prepare financial statements based on the information you provide, applying the relevant recognition, measurement and disclosure requirements for the micro-entities regime as they apply to your company. That work is separate from any Corporation Tax obligations: a CT600 is submitted to HMRC, while the accounts may also need to be filed with Companies House under company law. We can help with the accounts preparation and explain the filing position, but we do not guarantee a particular outcome or imply approval by any authority. Clear, transparent pricing and a practical approach help you understand what is needed.

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ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Horley

If you need FRS 105 Micro Entity Accounts in Horley, the next step is a conversation about your company’s circumstances. Tell us about your trading activity, your accounting records, your year-end position and whether you have already chosen the micro-entities regime. We can then assess what is needed and explain how the accounts preparation process works. Whether you are preparing accounts for the first time or want support with an upcoming filing, get in touch to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 for, and choose to apply, the micro-entities regime. It sets out simpler accounting and disclosure requirements for preparing annual financial statements, compared with larger reporting frameworks such as FRS 102. FRS 105 applies when the micro-entities regime is the chosen basis for the accounts.

Who can use FRS 105?

FRS 105 can be used by companies that meet the micro-entity eligibility conditions and decide to apply the micro-entities regime. It is not available to every small company automatically, and certain entity types or circumstances may be excluded. Eligibility should be checked against the current rules for the relevant accounting period before the accounts are prepared.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies as a micro-entity may be able to choose between the micro-entities regime and another suitable reporting framework. FRS 105 is compulsory only if the company is eligible and has chosen to apply the micro-entities regime. If it does not choose that regime, different accounting standards may apply.

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting these size conditions alone does not guarantee eligibility, because other rules and exclusions can apply.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler framework for qualifying micro-entities that choose the micro-entities regime. FRS 102 is a broader financial reporting standard used by many other UK companies, including those that are small but not eligible for, or do not choose, the micro-entities regime. FRS 105 generally involves fewer disclosures and simpler measurement requirements, but it still needs to be applied correctly to the company’s circumstances.

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

If a company prepares FRS 105 accounts as its annual financial statements, those accounts may need to be filed with Companies House in line with company law requirements. The filing obligation is separate from the accounting framework itself, and it is also separate from any Corporation Tax filing. The exact filing position depends on the company’s circumstances and the current rules.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities reporting framework, while a CT600 is a Corporation Tax Return submitted to HMRC. The accounts and the tax return are separate documents with different purposes, although the financial information in the accounts may help support the tax return. Preparing one does not automatically deal with the other.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies do not automatically qualify, and the position can depend on the company’s size, activities and any relevant exclusions. It is sensible to check eligibility before preparing the first set of accounts.