─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Hythe

If your company is a qualifying micro-entity, FRS 105 Micro Entity Accounts offer the simplest statutory financial reporting framework available under UK GAAP. FRS 105 provides the reporting basis for companies that meet the micro-entity size conditions and choose to apply the micro-entities regime, allowing for a streamlined balance sheet, a minimal profit and loss account and reduced disclosure compared with larger reporting frameworks. Because eligibility depends on your company’s size, its legal form and a range of rules and exclusions, it is worth looking at your circumstances properly rather than assuming the regime applies. Professional preparation of FRS 105 Micro Entity Accounts in Hythe can help ensure your figures are recorded consistently, that the accounts reflect the framework you have chosen, and that the financial statements are put together in a way that fits your company’s activities. That work is separate from your Corporation Tax Return (CT600), which is a distinct filing made to HMRC, and from your Confirmation Statement.

🔥 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 for Micro-Entities

FRS 105 is the financial reporting standard that sits at the very smallest end of the UK accounting framework. It is designed to be used alongside the micro-entities regime, which is an available accounting regime for companies that qualify as micro-entities under UK company law. In simple terms, if a company is eligible and decides to apply that regime, its annual financial statements must be prepared under FRS 105. The standard allows a simpler set of accounts than larger companies produce: the balance sheet focuses on assets, liabilities and equity, the profit and loss account can be presented in a much shorter form, and the notes to the accounts are far more limited than under frameworks such as FRS 102. It is important to be clear that the micro-entities regime is a choice, not an automatic entitlement — a company still has to qualify under the size conditions and must not fall within any of the exclusions that apply. Choosing FRS 105 can make the whole reporting process more straightforward for a small company in Hythe, but it also means accepting the restrictions that come with it, including limitations on the accounting policies and measurements available. That is why it is helpful to understand both what the standard gives you and what it takes away before you decide.

Who Can Use FRS 105 in the UK? Companies That Qualify for the Micro-Entities Regime

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based on size, 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 not the whole picture. There are additional eligibility rules and exclusions, including restrictions on certain types of entity, and a company can move in or out of the regime as its figures change from year to year. Meeting the size thresholds therefore does not guarantee that a company qualifies, and qualifying does not force a company to use FRS 105 — it remains a choice. For a small company in Hythe, the practical approach is to check the current criteria against your own figures, consider whether any exclusions apply, and then decide whether the micro-entities regime and FRS 105 are the right fit for your reporting needs.

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 properly starts with your company’s own financial records — bookkeeping entries, bank and cash records, sales and purchase information, payroll data and details of any assets or liabilities. From there, the accounts are built up on the basis of the micro-entities regime as applied through FRS 105, so that the balance sheet, the profit and loss account and any required notes are consistent with the framework chosen and with the underlying records. Getting this right matters because the financial statements are the document that shareholders, lenders and other interested parties may rely on. It is also worth separating out the different obligations involved: preparing the financial statements, filing the accounts with Companies House, and meeting Corporation Tax obligations are distinct tasks, even when they draw on the same underlying figures. A Corporation Tax Return (CT600) is submitted separately to HMRC and is not part of the accounts themselves. Working with someone who prepares FRS 105 Micro Entity Accounts regularly can help you present your results clearly and apply the framework in a way that fits your company’s circumstances, while keeping the preparation process organised and transparent.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Hythe

If you would like to know whether FRS 105 Micro Entity Accounts are the right fit for your company, get in touch to talk through your requirements. It helps to have a few things to hand — your most recent set of accounts, details of your turnover, balance sheet total and average employee numbers, and an idea of your current bookkeeping arrangements — so that your circumstances can be assessed properly against the micro-entity size conditions and the relevant rules and exclusions. From there, the position can be explained clearly, including how FRS 105 financial statements differ from a Corporation Tax Return (CT600) and from your other filing obligations, and what would be needed to prepare your accounts. Pricing can be discussed openly in advance, with clear, transparent options depending on the level of support you need, whether that is preparing the accounts from your records or a fuller service that covers bookkeeping as well. Reach out when you are ready and the next steps can be set out in plain English.

─── 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 entities that qualify for and choose to apply the micro-entities regime. It sets out how the financial statements should be prepared, allowing a simplified balance sheet, a short-form profit and loss account and much reduced disclosures compared with larger reporting frameworks. It sits at the smallest end of the UK GAAP range and is only available to companies that meet the micro-entity conditions and the associated legal requirements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under UK company law and then choose to apply the micro-entities regime. Qualifying generally means meeting 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 — for accounting periods beginning on or after 6 April 2025. Other eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically mean a company can use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies as a micro-entity can choose whether to apply the regime, and FRS 105 applies when that regime is chosen. Some qualifying companies decide to use a different framework instead, often because of the accounting policies it permits, a lender's requirements, or the needs of shareholders or group companies. The choice should be made deliberately, with the consequences understood.

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. On top of those size conditions, there are further rules and exclusions that can affect whether a company qualifies, including restrictions relating to certain entity types. Because more than one test is involved, it is worth reviewing your figures against the criteria rather than assuming you are inside or outside the regime.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for most UK companies and offers a wider set of accounting policies, fair value options and disclosure requirements. FRS 105 is far more restricted: it is available only under the micro-entities regime and simplifies the statements considerably, with a much shorter balance sheet and profit and loss account and minimal notes. The trade-off is flexibility. FRS 105 reduces the reporting burden, but it also removes some of the choices and measurements that FRS 102 allows, which is why some companies that could use FRS 105 still prefer FRS 102.

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

Yes. Where a company prepares FRS 105 accounts for its statutory financial year, those accounts generally form the basis of what is filed at Companies House, although micro-entity accounts can be filed in a simplified form. Filing the accounts is a separate step from preparing them, and it is also separate from the company's Corporation Tax obligations. The accounts still need to be approved and signed in line with the relevant requirements before filing, and the filing must be made by the applicable statutory deadline.

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

Yes, they are two different things. FRS 105 accounts are the statutory financial statements prepared under the micro-entities regime for the company's members and Companies House. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC that reports the company's taxable profits and calculates the tax due, and it is normally supported by a set of computations based on the accounts. The figures overlap, but the documents serve different purposes and go to different recipients, so producing one does not discharge the obligation to deal with the other.

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

In practice, the preparation starts with complete and tidy financial records for the period: sales and purchase information, bank and cash statements, payroll details, and records of any assets, loans or other liabilities. It also helps to have your previous year's accounts, details of any changes in share capital or ownership, and an understanding of anything unusual that happened during the year. Where the company is part of a group or has more complex arrangements, additional information may be required. Once the records are reviewed, the accounts can be built up in line with the framework and your circumstances.