─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kendal: Simplified Financial Reporting for Qualifying Companies

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. If your company in Kendal meets the relevant eligibility conditions and decides to use that regime, FRS 105 Micro Entity Accounts can be prepared to reflect your financial position in a simplified format. Professional preparation helps ensure the accounts are put together appropriately for your company’s circumstances, based on your records and the applicable reporting requirements. It is important to remember that eligibility is not automatic — meeting the size thresholds does not always mean a company qualifies, as other rules and exclusions can apply. A professional review of your circumstances can help you decide whether FRS 105 Micro Entity Accounts are the right choice for your Kendal-based company.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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: What It Means for Micro-Entities in Kendal

In simple terms, FRS 105 is the UK financial reporting standard used by companies that qualify for the micro-entities regime and choose to apply it. It sits alongside the UK’s company law framework and sets out how micro-entity financial statements should be prepared, with simplified requirements compared to larger reporting standards. For a company in Kendal, using FRS 105 Micro Entity Accounts can mean less complexity in the accounts and a clearer focus on the key figures. The micro-entities regime is an available option, not a compulsory one: a qualifying company can choose to apply it, and FRS 105 applies when that choice is made. If you are unsure whether your company qualifies or whether the regime suits your needs, professional guidance can help you understand the options.

Who Can Use FRS 105 in the UK? Guidance for Kendal Companies

FRS 105 is intended for companies that qualify for the UK 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 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. However, other eligibility rules and exclusions can apply, so meeting these size thresholds alone does not automatically mean a company can use FRS 105. If your company is based in Kendal and you are considering FRS 105 Micro Entity Accounts, it is worth reviewing your circumstances carefully — including your size, structure and reporting requirements — before deciding whether the micro-entities regime is suitable.

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 Accounting Support for FRS 105 Micro Entity Accounts in Kendal

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and the applicable reporting requirements. The process typically involves reviewing your bookkeeping, confirming the basis on which the accounts should be prepared, and producing financial statements that reflect the micro-entity framework. Where required, the accounts can then be filed with Companies House as part of your annual accounts obligations. This is separate from your Corporation Tax obligations: a CT600 is submitted to HMRC independently of the accounts filing. We do not claim guaranteed compliance, guaranteed acceptance or regulatory approval — instead, the focus is on preparing your FRS 105 Micro Entity Accounts carefully and accurately, based on the information you provide and the rules that apply to your Kendal company.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Kendal

If you need support with FRS 105 Micro Entity Accounts in Kendal, we are here to help. Whether you are preparing accounts for the first time, unsure whether your company qualifies for the micro-entities regime, or simply want your financial statements handled professionally, get in touch to discuss your requirements. Sharing details of your company’s circumstances, your financial records and any filing obligations you have will help us assess how we can assist. There is no obligation and no promise of a particular outcome — just a straightforward conversation about your FRS 105 Micro Entity Accounts.

─── 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 financial statements and applies when a qualifying company chooses to apply the micro-entities regime under UK company law. It is not a tax return or a Companies House form; it sets out how the accounts should be prepared.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and choose to apply the micro-entities regime. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not automatically mean a company can or should use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies. If a company qualifies as a micro-entity, it can choose to apply the 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, a company generally needs to meet at least 2 of the 3 applicable size conditions: 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. The rules and exclusions can affect whether a company qualifies, so it is important to check the specific circumstances rather than assuming eligibility from the size figures alone.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simplified financial reporting standard designed specifically for micro-entities, with reduced disclosure requirements compared to FRS 102. FRS 102 is the broader UK financial reporting standard used by many small and medium-sized companies that do not apply the micro-entities regime. The right choice depends on eligibility and what the company needs from its financial statements.

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

Yes, where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts are generally filed with Companies House as part of the company's annual accounts filing obligations. This is separate from the company's Corporation Tax Return (CT600), which is submitted to HMRC. Filing accounts and filing a CT600 are distinct requirements.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate Corporation Tax. The figures in the accounts may inform the tax return, but the two filings are separate and serve different purposes.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies as a micro-entity and chooses to apply the micro-entities regime. Eligibility depends on the company's size and other relevant rules, including any exclusions. It is worth checking the position early, especially if the company expects to grow, so the accounts are prepared on the most appropriate basis.