─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kempston

FRS 105 Micro Entity Accounts provide the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. For a Kempston-based company, professional preparation can help ensure the accounts are put together appropriately for its circumstances, using the company’s financial records and the applicable reporting requirements. This includes considering whether the company meets the eligibility conditions, preparing the balance sheet, profit and loss account and any required notes in the correct format, and distinguishing the annual accounts from separate obligations such as a Corporation Tax Return (CT600) or a Confirmation Statement. The micro-entities regime is not automatic, so eligibility and any exclusions should be reviewed before FRS 105 is used.

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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 for Kempston Micro-Entities

FRS 105 is a UK financial reporting standard designed for companies that qualify as micro-entities and choose to apply the micro-entities regime. In simple terms, it gives smaller companies a simpler set of rules for preparing annual financial statements, with reduced disclosure requirements compared with larger reporting frameworks. If a qualifying company decides to use the micro-entities regime, FRS 105 applies to its accounts. The financial statements typically include a balance sheet, a profit and loss account and limited notes, depending on the company’s circumstances. FRS 105 accounts are separate from a CT600 Corporation Tax Return and from a Confirmation Statement, although the figures may be used alongside other information when dealing with HMRC or Companies House.

Who Can Use FRS 105 in the UK? Eligibility for Kempston Companies

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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, the size conditions are not the only consideration. Certain company types, activities or circumstances may be excluded, and other eligibility rules can affect whether the micro-entities regime is available. A Kempston company should therefore review its position for the specific accounting period rather than assuming that being small automatically means FRS 105 applies. Where the company qualifies and chooses the regime, FRS 105 Micro Entity Accounts can be prepared under that framework.

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 Accurate FRS 105 Micro Entity Accounts

Professionally prepared FRS 105 Micro Entity Accounts start with accurate financial records and a clear understanding of the company’s reporting position. A prepared set of FRS 105 financial statements can be based on the information provided, such as bookkeeping records, bank statements, sales and expense details, payroll information and relevant supporting documents. The accounts should reflect the applicable reporting requirements for a micro-entity, including the appropriate balance sheet, profit and loss account and any required notes. The preparation of the financial statements and any Companies House filing is separate from Corporation Tax obligations, which are dealt with through a CT600 submitted to HMRC. Professional support can help keep the accounts organised and consistent with the framework, but eligibility and the final filing position remain subject to the company’s circumstances and the relevant rules.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Kempston

To move forward with your FRS 105 Micro Entity Accounts, speak to us about your company’s circumstances. We can discuss whether the micro-entities regime may be relevant, what information is needed to prepare the financial statements, and how the accounts fit alongside your other filing responsibilities. Providing details such as your accounting period, financial records, current eligibility position and any relevant correspondence can help us assess your requirements and explain the next practical steps. Whether you are preparing accounts for the first time or reviewing an existing approach, clear, transparent support can make the process easier to manage.

─── 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 as micro-entities and choose to apply the micro-entities regime. It sets out a simplified framework for preparing annual financial statements, including the balance sheet, profit and loss account and limited notes. It applies when the micro-entities regime is chosen; it is not the same as a Corporation Tax Return (CT600) or a Confirmation Statement.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. The company must fall within the applicable eligibility rules and actively use the micro-entities regime for the relevant accounting period. Meeting the size conditions is part of the picture, but other tests, exclusions and company-specific circumstances can also affect availability. It is not a framework that every small or newly formed company can automatically use.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an automatic requirement. A company that meets the relevant conditions may be able to choose the micro-entities regime, and FRS 105 applies when that choice is made. Some qualifying companies may instead use another applicable framework, such as FRS 102, depending on their circumstances and reporting needs.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions are 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. A company generally needs to meet at least 2 of these 3 conditions. The rules also include exclusions and other eligibility tests, so the criteria should be checked against the company’s specific situation before deciding whether FRS 105 can be used.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a specialised framework for qualifying micro-entities that choose the micro-entities regime. It generally involves simpler financial statements and fewer disclosures than FRS 102. FRS 102 is a broader UK financial reporting standard used by many other companies, with more detailed recognition, measurement and disclosure requirements. The right framework depends on whether the company qualifies for the micro-entities regime, whether it chooses to apply it, and any other relevant reporting rules.

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

FRS 105 financial statements are generally used as the company’s annual accounts and are normally filed with Companies House, subject to the applicable filing requirements for the company. The filing obligation is separate from HMRC Corporation Tax filing, although both may draw on the same underlying financial information. Companies should check their own filing requirements and deadlines based on their circumstances and current guidance.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities reporting framework, while a CT600 is a Corporation Tax Return submitted to HMRC. The accounts may provide figures that feed into tax calculations, but the CT600 is a separate filing with its own requirements and deadlines. Preparing FRS 105 accounts does not replace the need to deal with Corporation Tax obligations.

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. Eligibility is assessed for the relevant accounting period, and the company still needs to consider the size conditions and any other rules or exclusions. A newly incorporated company should review its expected turnover, balance sheet position and employee numbers, and take advice where needed, before deciding whether FRS 105 is suitable for its first accounts.