─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Keston

FRS 105 Micro Entity Accounts in Keston are prepared under the financial reporting framework that applies when a qualifying company chooses to use the UK micro-entities regime. FRS 105 is a simplified, disclosure-light standard, which is why it appeals to many owner-managed companies that want straightforward statutory accounts without the extra reporting layers required by larger frameworks. Professional preparation begins with confirming whether the company actually qualifies for the micro-entities regime and whether FRS 105 is the right route for its circumstances, then builds the financial statements from the underlying accounting records — the balance sheet, the notes required under FRS 105, and the supporting workings that sit behind the figures. If your company is based in Keston or the surrounding Kent area and you would like FRS 105 Micro Entity Accounts prepared accurately and consistently, we can work through your records, highlight anything that needs attention, and prepare accounts that properly reflect your position.

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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: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK accounting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime and choose to apply it. In plain terms, it sets out how those companies should prepare their annual financial statements, and it does so with far fewer disclosure requirements than the standards used by larger businesses. Under FRS 105, accounts are generally prepared on a historical cost basis, with simpler measurement rules and a much shorter set of notes; micro-entity accounts filed at Companies House are typically a balance sheet plus notes and do not include a profit and loss account. It is worth being clear about what FRS 105 is not: it is not a tax return, and it is not something every small company receives automatically. A company first needs to qualify for the micro-entities regime, and the directors then decide whether to apply it. Once that choice is made, FRS 105 is the framework used to prepare the statutory accounts. For directors in Keston running a small limited company, that combination — eligibility plus a deliberate decision — is what makes FRS 105 Micro Entity Accounts relevant to their business.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company 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 a useful starting point, but they are not the whole picture — other eligibility rules and exclusions can apply depending on the company’s legal form, its structure and whether it forms part of a group, and eligibility can also be affected by changes in the company’s size over time. Meeting the size thresholds therefore does not automatically guarantee that FRS 105 is available, and even where a company does qualify, applying the micro-entities regime remains a choice for the directors. For directors in Keston considering FRS 105 Micro Entity Accounts, the practical approach is to check eligibility properly and then decide whether the framework suits the company’s 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.

Accurate Financial Reporting: Professionally Prepared FRS 105 Micro Entity Accounts

Preparing FRS 105 Micro Entity Accounts properly means working from accurate financial records and applying the reporting requirements that apply to your company. That process typically involves reviewing the bookkeeping, agreeing the bank and key control accounts, checking that income and costs have been recorded in the correct period, and then building the financial statements — normally a balance sheet, the notes required under FRS 105, and the supporting schedules behind the figures. Once the accounts are finalised and reviewed by the directors, filing with Companies House is a separate step from anything owed to HMRC. If your company has Corporation Tax obligations, those are dealt with through a Corporation Tax Return (CT600), which is submitted to HMRC and is not the same document as your FRS 105 financial statements. Our role is to prepare the accounts carefully and explain the figures clearly; the directors remain responsible for reviewing and approving the accounts and for meeting the company’s wider filing obligations.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Keston

If you would like support with FRS 105 Micro Entity Accounts, the best place to start is a straightforward conversation about your company. Tell us about your trading activity, your accounting records and how the current year is shaping up, and we can look at whether the micro-entities regime is likely to be available to you and whether FRS 105 is the sensible route for your circumstances. Bring along whatever you have — bookkeeping records, bank statements, previous accounts, or details of any significant transactions — and we can assess what is needed next and explain the process in plain English. Whether you are preparing accounts for the first time, considering a change of framework, or simply want the work handled by someone who deals with FRS 105 Micro Entity Accounts regularly, get in touch and we will talk through your requirements.

─── 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 to apply the micro-entities regime prepare their annual financial statements, and it is deliberately simpler than FRS 102, with fewer disclosures and more straightforward measurement rules. In practice, FRS 105 accounts are usually prepared as a balance sheet with a short set of notes, and the micro-entity accounts filed at Companies House typically do not include a profit and loss account.

Who can use FRS 105?

FRS 105 is available to UK companies that qualify for the micro-entities regime and then choose to apply it. Qualification is based mainly on the company's size, but other rules and exclusions can apply depending on the company's legal form and structure, so eligibility should be checked rather than assumed. Meeting the size conditions does not automatically mean the regime is available, and the directors still have to decide whether to use it.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional accounting regime. A company that qualifies for it may choose to apply it, in which case FRS 105 is the framework used to prepare the accounts. A qualifying company can also decide to prepare its accounts under a different framework, such as FRS 102, if that better suits its circumstances — for example where the directors want fuller disclosures or need to report on matters that FRS 105 does not cover.

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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those conditions is a starting point rather than a guarantee, because further eligibility rules and exclusions apply. If your period started earlier, different thresholds applied, so the correct set of conditions depends on your year end.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard and is the more streamlined of the two. It is built around simpler measurement, largely historical cost, and a much shorter set of disclosure notes. FRS 102 is a broader standard used by small and other entities and generally requires more disclosure, with areas such as deferred tax and certain financial instruments coming into play. Choosing between them affects how the figures are measured and presented, so it is worth reviewing the position before accounts are prepared rather than after.

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

Yes — annual accounts are a statutory filing requirement for limited companies, and FRS 105 accounts form the basis of that filing for companies using the micro-entities regime. The accounts are approved by the directors and then filed with Companies House in the format available to micro-entities. Filing the accounts is separate from any tax filings the company needs to make, and it is the directors who remain responsible for ensuring the company's filings are made.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities framework and filed with Companies House. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC, and it starts from the company's figures but applies tax rules — for example, capital allowances rather than accounting depreciation may be claimed. Your accounts and your CT600 should tell a consistent story, but neither replaces the other.

Can a new limited company use FRS 105?

It can be possible for a newly incorporated company to use FRS 105, provided it qualifies for the micro-entities regime and the directors choose to apply it. In the first period there is no accounting history, so the assessment is based on the company's expected and actual activity rather than on previous years' figures. Because a new company is often still establishing its trading patterns and structure, it is worth reviewing eligibility at the point the first accounts are prepared rather than assuming the position from day one.