─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Houghton Le Spring

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the UK micro-entities regime, and for companies in Houghton Le Spring they can offer a simpler, more proportionate way to report. FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime — it is not an automatic option, and eligibility depends on the company’s size, its circumstances and the relevant rules. Professional preparation helps ensure the accounts are built from accurate records, follow the applicable presentation and disclosure requirements, and are ready for the company’s separate filing obligations. Whether you run a small limited company, work as a contractor, or trade locally in Houghton Le Spring, we can help you understand whether FRS 105 is likely to be suitable and prepare accounts that are clear, consistent and properly documented.

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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 Micro-Entity Accounts Mean for Houghton Le Spring Companies

FRS 105 is the UK accounting standard that sits behind the micro-entities regime, which is the lightest statutory reporting framework available to qualifying companies. In simple terms, FRS 105 allows a qualifying company that chooses the regime to prepare simpler financial statements — typically a balance sheet, a small number of notes and far fewer disclosures than you would see under a fuller reporting framework. It is important to be clear about what FRS 105 is not: it is not a Corporation Tax Return, and it is not a form of tax calculation. It is about how the company’s accounts are prepared and presented, and FRS 105 applies when the micro-entities regime is chosen. For Houghton Le Spring companies, the practical benefit is a set of FRS 105 Micro Entity Accounts that is proportionate to a micro-entity’s size while still meeting the relevant legal and reporting requirements. It is a choice rather than a default, so eligibility and suitability should always be considered first.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Houghton Le Spring Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is based on company size rules, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of the 3 applicable 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. Those conditions are subject to the relevant rules, including how the thresholds apply where the accounting period is not 12 months long, and certain companies are excluded from the regime altogether. Meeting the size thresholds alone does not guarantee eligibility, and a company that does qualify is not obliged to use FRS 105 — it can choose the micro-entities regime or another available framework. For Houghton Le Spring companies, the sensible starting point is a review of your circumstances against the current rules before any decision is made about preparing FRS 105 Micro Entity Accounts.

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

Getting FRS 105 Micro Entity Accounts right starts with good records. We prepare the financial statements from the information you provide — bank and cash records, sales and purchase details, payroll information, asset and liability records, and any previous accounts or agreements — and present them in line with the micro-entities regime where it applies to your company. Preparation of the accounts and the separate act of filing them at Companies House are distinct steps, and neither is the same as dealing with Corporation Tax. Your CT600 is submitted to HMRC separately, even though the figures in the accounts often inform the tax position. We aim to make the process clear from the outset, so you know what is being prepared, what it is based on and what happens next, with straightforward, transparent pricing and a focus on accurate financial reporting rather than vague assurances.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Houghton Le Spring

If you would like help with your FRS 105 Micro Entity Accounts, the first step is a conversation. Tell us about your company, your trading activity and how you currently keep your records, and we can look at whether the micro-entities regime is likely to be available and appropriate for your circumstances. We will also need to understand your wider filing position, including your Companies House accounts filing and any separate Corporation Tax requirements, because these are distinct obligations even where the same figures are involved. There is no obligation and no pressure — just a practical discussion about what you need and how we can help. Get in touch to talk through your FRS 105 Micro Entity Accounts requirements and what information we would need to assess your position.

─── 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 the micro-entities regime prepare their statutory accounts, and it is designed to be simpler and less detailed than the standards used by larger entities. In practice, FRS 105 accounts usually include a balance sheet and a limited set of notes, with fewer disclosures than you would see under FRS 102. It is an accounting framework rather than a tax return, and applying it does not change the company's underlying tax position or replace any other filing obligation.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is based on company size and other eligibility rules, so it is not open to every small company and it is never automatic. If a company qualifies, applying the micro-entities regime is a choice — it may instead report under another framework such as FRS 102. A newly incorporated company may also be able to use FRS 105 where it meets the conditions, but eligibility still needs to be assessed rather than assumed. We can help review whether FRS 105 is likely to be available for your company.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies for the micro-entities regime can choose whether to apply it. FRS 105 applies when that regime is chosen, but a qualifying company may instead prepare its accounts under a different framework, such as FRS 102. The choice can affect the level of disclosure and how certain items are presented, so it is worth considering what genuinely suits the company's circumstances rather than assuming the simplest option is always the right one.

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 not the only considerations. The rules can adjust the thresholds for accounting periods that are not 12 months long, and some companies are excluded from the micro-entities regime altogether. Meeting the size conditions does not by itself guarantee eligibility.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard and is deliberately simpler, with fewer disclosure requirements and a more restricted approach to how items are measured. FRS 102 is a broader UK standard used by many small and other entities; it includes more measurement options and generally requires more notes to the accounts. A company that qualifies for the micro-entities regime can choose between FRS 105 and FRS 102, and the right choice depends on the company's circumstances and what the users of the accounts actually need.

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

If your company is a limited company and is required to file annual accounts, then the statutory accounts — including accounts prepared under FRS 105 — are filed at Companies House. Filing is a separate step from preparing the accounts, and there are deadlines set by Companies House that depend on the company's circumstances. A Confirmation Statement is a different filing and does not replace annual accounts. It is worth keeping those filings distinct and checking the current requirements that apply to your company.

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

Yes. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities regime where it applies. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out the tax due. The two are prepared for different purposes and filed with different bodies, although the accounts often provide the starting point for the tax computation. Filing accounts at Companies House does not discharge the company's Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

We usually need a clear picture of the company's financial activity for the period, so useful records include bank and cash statements, sales invoices and purchase records, payroll and employee information, details of assets and liabilities, loan or finance agreements, share capital information, and any previous accounts. Directors' details and confirmation of any significant transactions may also be needed. The exact list depends on the company, but well-kept records make the process smoother and help ensure the accounts reflect what actually happened.