─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ickenham

FRS 105 Micro Entity Accounts are the financial statements prepared under FRS 105, the financial reporting framework that applies to qualifying UK micro-entities which choose to use the micro-entities regime. If your company meets the relevant size conditions and is not excluded, preparing accounts under FRS 105 can keep your reporting simpler and more proportionate than the fuller standards used by larger companies. Professional preparation helps make sure the accounts are put together appropriately for your company’s own circumstances, trading activity and accounting records — covering the balance sheet, the notes required under the framework and the figures that need to appear in your statutory accounts. We work with directors and owners across Ickenham who want their FRS 105 Micro Entity Accounts handled carefully, explained clearly and prepared on the basis of the information they provide.

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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.
  
 
      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
  
 
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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.
  
 
      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 in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime in company law: a qualifying company can choose to prepare its annual accounts using that regime, and when it does, FRS 105 is the standard that sets out how those accounts are put together. In practice, that means a simpler set of financial statements, fewer disclosures and more straightforward measurement rules than the larger-company standards. The accounts still need to show a true and fair view of the company’s position, so the figures must be built from accurate bookkeeping. FRS 105 Micro Entity Accounts in Ickenham are therefore about proportionate reporting rather than reduced record-keeping, and the framework only applies where a company both qualifies for the micro-entities regime and decides to use it.

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. Eligibility is not automatic and it is not based on size alone. 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 that, the relevant rules and exclusions can rule certain companies out regardless of their size — for example where the entity is of a type the regime does not cover. Qualifying for the regime and choosing to use it are two separate steps, and if the regime is not applied, FRS 105 does not apply to those accounts. If you run a company in or around Ickenham, we can look at your figures and circumstances with you and explain where you stand.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records — sales, expenses, bank transactions, asset purchases, loans and any stock or work in progress. From there, the accounts are drafted using the recognition, measurement and disclosure requirements that apply under FRS 105, so the balance sheet and supporting notes reflect what actually happened in the period. It is worth separating the different obligations clearly: the statutory accounts are prepared under the chosen reporting framework and filed with Companies House, while the Corporation Tax position is dealt with separately through a CT600 submitted to HMRC. The figures usually overlap, but they are not the same document and they are not filed in the same place. A Confirmation Statement is separate again. We prepare FRS 105 Micro Entity Accounts and can support the related filings, working from the information you provide.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ickenham

If you are unsure whether FRS 105 is the right framework for your company, or you simply want the accounts prepared and explained without the guesswork, get in touch. Tell us a little about your company — what it does, when your accounting period ends, roughly what it owns and owes, and how your records are kept — and we can look at your circumstances and talk you through the options. We can discuss your FRS 105 Micro Entity Accounts requirements, explain what information we will need, and set out clear, transparent pricing for the work involved. There is no obligation, so it is a straightforward way to find out where you stand before your next filing date.

─── 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 the rules a qualifying company follows when it chooses to prepare its annual accounts under the micro-entities regime — covering how items are recognised and measured, and which notes must be included. It is deliberately shorter and simpler than the standards used by larger companies, so the resulting accounts are more proportionate to a small business.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the 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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company can or should use the regime.

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 qualifies can choose to apply it, and FRS 105 applies when that choice is made. Many qualifying companies prefer the simplicity of FRS 105, but a company may instead report under a fuller standard such as FRS 102 where that suits its circumstances, for example if it wants to present more detail or is preparing for a future change in its position.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is tailored to micro-entities and allows simpler measurement with far fewer disclosures. FRS 102 is a broader standard used by larger small companies and others, and it permits or requires more detailed accounting treatments — for example around financial instruments, revaluations and fair value — along with a fuller set of notes. Choosing between them affects how the accounts look, not the underlying records you need to keep.

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

Yes. As with other statutory accounts, FRS 105 Micro Entity Accounts are filed with Companies House, using the filing format appropriate to micro-entity accounts. Filing the accounts is separate from your Corporation Tax obligations, which are handled through a CT600 submitted to HMRC, and separate again from your Confirmation Statement. It is worth keeping an eye on Companies House guidance, as filing requirements and accepted formats have been changing under recent company law reforms.

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

Yes, they are different documents with different purposes and different recipients. The FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the chosen reporting framework and filed with Companies House. The CT600 is the Corporation Tax Return submitted to HMRC, calculating the tax due for the period. The accounts figures usually form the starting point for the tax computation, but adjustments and tax rules can mean the two are not identical.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. Eligibility is assessed against the applicable conditions for that period, and the usual exclusions still apply, so a new company should not assume it qualifies simply because it is small at the outset. Where a company is likely to grow beyond the thresholds, it is worth thinking about which framework will suit it over the next few years.

What information is needed to prepare FRS 105 accounts?

We normally need a clear picture of the company's activity for the period: sales and other income, expenses, bank and credit card statements, invoices, payroll information, asset purchases and disposals, loans, stock or work in progress, and details of anything owed to or by the company. If accounts have been prepared before, the previous year's figures are helpful too. Good records make the process smoother and help keep the accounts accurate and consistent with your bookkeeping.

What changes are coming to micro-entity accounts filing?

Companies House has been introducing reforms under the Economic Crime and Corporate Transparency Act, which include a move towards filing accounts through software and a requirement for small and micro companies to file more information than the current abbreviated-style options allow. The practical effect is that micro-entity accounts may need to be prepared in a fuller digital format. Because the implementation dates have been phased, always check the latest Companies House guidance before you file.