─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Hornchurch

FRS 105 sets out the financial reporting framework for qualifying micro-entities in the UK that choose to apply the micro-entities regime. If your company is based in Hornchurch and meets the relevant eligibility conditions, FRS 105 Micro Entity Accounts can provide a simpler, more streamlined way to prepare and present your annual financial statements. Professional preparation helps ensure the accounts are built up properly from your bookkeeping records, reflect your company’s actual circumstances, and are presented in line with the disclosure requirements that apply to the micro-entities regime. It also helps you avoid the common pitfalls that arise when figures are estimated, categories are misclassified, or disclosures are omitted. Because eligibility depends on the size conditions and on other rules and exclusions, it is worth confirming your position before the accounts are drawn up, rather than assuming FRS 105 Micro Entity Accounts are the right fit by default.

🔥 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 Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook that sets out how a qualifying micro-entity prepares its annual accounts when it chooses to apply the micro-entities regime. Compared with larger reporting frameworks, it allows for a much shorter set of financial statements, with simplified formats and a reduced level of disclosure, which keeps the focus on the key figures: what the company owns, what it owes, and what profit or loss it has made. The regime is optional rather than automatic — a company that qualifies for it can decide whether to use it, and FRS 105 applies when that regime is chosen. Companies that qualify may instead prepare accounts under a different framework such as FRS 102, for example if a lender, investor or group requirement calls for more detail. Understanding which framework applies to your company matters because it shapes how the accounts look, what is disclosed, and how the numbers are measured.

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. To qualify, a company generally needs to meet at least 2 of 3 applicable size conditions for accounting periods beginning on or after 6 April 2025: 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 are the headline size tests, and they are not the whole picture. Other eligibility rules and exclusions apply, and certain types of company are prevented from using the regime regardless of their size — for example, some entities that are part of a group or that carry on particular regulated activities. Meeting the thresholds alone therefore does not guarantee eligibility, and it does not oblige a company to use the regime either. If your company is based in Hornchurch and you are unsure whether FRS 105 Micro Entity Accounts are appropriate, the sensible approach is to review your figures, your structure and any wider reporting requirements before deciding which framework to apply.

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

FRS 105 Micro Entity Accounts should be prepared from your company’s underlying financial records and presented in accordance with the reporting requirements that apply to the micro-entities regime. In practice, that means starting with accurate bookkeeping, checking that the accounting policies used suit the business, and making sure the balance sheet, profit and loss account and any required notes are consistent with one another. Preparation of the financial statements and filing them with Companies House is one task; meeting Corporation Tax obligations is a separate matter, usually dealt with through a Corporation Tax Return (CT600) submitted to HMRC. The two are connected through the figures, but they are not the same filing and they follow different rules and deadlines. Working with an accountant who handles FRS 105 accounts regularly can help you keep the accounting and tax sides aligned, reduce the risk of errors or inconsistencies, and approach each filing with a clearer understanding of what is being submitted and why.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Hornchurch

If you would like support with FRS 105 Micro Entity Accounts in Hornchurch, the best next step is a straightforward conversation about your company. Tell us about your trading activity, your bookkeeping records, how your year has gone and any deadlines you are working towards, and we can assess whether the micro-entities regime looks suitable for your circumstances and what would be involved in preparing the accounts. Whether you are preparing micro-entity accounts for the first time, moving across from a different reporting framework, or simply want your existing figures reviewed before they are finalised, we can talk through the options and explain the information we would need from you. Get in touch to discuss your requirements and the practical steps involved.

─── 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 provides a simplified framework for preparing annual accounts, with shorter formats and fewer disclosures than standards aimed at larger companies. It sits alongside the UK micro-entities regime: qualifying companies can choose to apply that regime, and FRS 105 is the standard used to prepare the financial statements when they do.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the micro-entities regime and then choose to apply it. Qualification is based on size conditions and is also subject to other rules and exclusions, so meeting the size tests on their own does not automatically mean a company can or should use FRS 105. Some companies are excluded from the regime entirely, for example certain regulated or group-related entities. It is worth checking your specific position before the accounts are prepared.

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. These are the headline size tests, and further rules and exclusions can affect whether a company actually qualifies, so the criteria should be applied carefully to your own circumstances.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can choose whether to apply it. Some qualifying companies prefer to prepare accounts under a different framework, such as FRS 102, often because a lender, investor, group parent or other interested party wants more detailed information. FRS 105 applies when the micro-entities regime is the chosen route.

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 designed for micro-entities and offers simplified formats and reduced disclosure. FRS 102 is a broader standard used by many small and medium-sized companies and covers more areas in greater depth, including more measurement and disclosure requirements. The practical effect is that FRS 105 accounts are usually shorter and simpler, while FRS 102 accounts tend to be more detailed.

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

Company accounts prepared under the micro-entities regime are generally filed with Companies House as part of the company's annual accounts filing obligation, using the simplified formats permitted by the regime. The accounts must be prepared from the company's financial records and be consistent with the underlying bookkeeping. Filing the accounts is a separate exercise from the company's Corporation Tax Return, which goes to HMRC.

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

Yes. The CT600 is a Corporation Tax Return submitted to HMRC, while the FRS 105 accounts are the financial statements prepared under the micro-entities reporting framework, which are also generally filed at Companies House. They are connected because the tax return is usually built on the same underlying figures, but they are distinct submissions with their own requirements. Preparing the accounts does not by itself deal with the company's Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

Typically you would provide complete bookkeeping or accounting records for the period, bank statements, sales and purchase records, details of any assets and liabilities, loan or hire purchase agreements, payroll information, and details of any directors' transactions or dividends. It also helps to know whether anything unusual happened during the year, such as an asset purchase or disposal, a new borrowing facility, or a change in the company's activities, because these can affect how the accounts are presented.

Can a new limited company use FRS 105?

A newly incorporated company may qualify as a micro-entity if it meets the relevant size conditions and is not caught by any exclusion. In the first period of trading, the tests are applied to the figures that exist for that period, so qualification should be assessed on the actual numbers rather than assumed. A first set of accounts is still prepared under the chosen framework, and if the micro-entities regime applies, that means FRS 105.

What changes are coming to micro-entity accounts filing?

The size thresholds that determine micro-entity eligibility have been updated for accounting periods beginning on or after 6 April 2025, which means some companies that previously fell outside the regime may now qualify. Companies House filing requirements have also been evolving, including a move towards more digital filing and greater consistency between the accounts filed and the figures reported for tax. Because the detail continues to develop, it is sensible to confirm the position for your own accounting period before your accounts are finalised.