─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kettering

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework used to prepare its statutory financial statements. FRS 105 is the simplest of the UK accounting standards, designed for smaller companies that want a straightforward, cost-based set of accounts with reduced disclosure. Preparing them well still takes care: the figures need to reflect your actual records, the disclosures need to match your circumstances, and the accounts need to be filed correctly and on time. Professional preparation of FRS 105 Micro Entity Accounts in Kettering helps you work from accurate bookkeeping, apply the framework consistently, and produce financial statements that are properly presented for a qualifying micro-entity. Because eligibility is not automatic, we look at your turnover, balance sheet total and employee numbers, along with any rules or exclusions that may affect you, before confirming whether the micro-entities regime is the right fit for your 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 
    
 
 
 
   
 
 
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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 Kettering Micro-Entities

FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. In plain terms, it is the rulebook that sits behind a very small company’s statutory accounts. If your company qualifies for the micro-entities regime and you choose to apply it, that is when FRS 105 applies to your financial statements. The standard keeps things deliberately simple: accounts are generally prepared on a historical cost basis, fair value accounting is largely off the table, and the disclosure requirements are much lighter than under other UK standards. What you still get is a proper set of financial statements — a balance sheet, a profit and loss account and notes where required — that reports your company’s position and performance in a consistent way. For many directors of small companies in Kettering, FRS 105 Micro Entity Accounts mean less administration and a clearer set of figures, provided the company genuinely meets the qualifying conditions and the regime is the sensible choice for its circumstances. It is worth remembering that the micro-entities regime is an available accounting regime, not an automatic one, and that choosing it has a knock-on effect on how the accounts are presented and filed.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then choose to apply it. Two things have to line up: the company must fall within the size criteria, and it must not be excluded by any of the other rules that apply to the regime. On size, for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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. Meeting those thresholds is a helpful indicator, but it is not the whole picture. Certain entities are outside the micro-entities regime regardless of their size, and the way thresholds are assessed can vary depending on your company’s circumstances, including where figures sit near a boundary. Because of that, a director looking at FRS 105 Micro Entity Accounts in Kettering should treat eligibility as something to be confirmed rather than assumed. If your company does qualify and the regime suits its needs, FRS 105 gives you the most streamlined set of statutory accounts available under UK standards. If it does not, or if a fuller framework would serve you better, there are other options worth considering.

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

Professionally prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank statements, sales and purchase information, payroll data and asset details to build a set of financial statements that reflects what actually happened in your company during the period. From there, we apply FRS 105 as the reporting framework for a qualifying micro-entity, making sure the balance sheet, profit and loss account and any required notes are presented in line with the standard and with your company’s own circumstances rather than from a generic template. The accounting work and the filing work are separate steps, and it helps to keep them distinct in your mind. The financial statements are prepared under FRS 105 and, where the company is required to file accounts, those accounts are filed with Companies House. Separately, your Corporation Tax obligations are dealt with through a Company Tax Return (CT600) submitted to HMRC, which is a different filing with a different purpose. We can help you understand how the two fit together, what information each one needs, and where the figures overlap. What we cannot do is promise a particular outcome, guaranteed acceptance or regulatory approval — the accounts are prepared on the basis of the information you provide and the reporting requirements that apply to your company.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Kettering

Whether you are preparing your first set of micro-entity accounts or want a second pair of eyes on figures you have already drafted, it is worth talking through your position before the reporting period closes. Tell us about your company — what it does, how it has traded, your turnover, balance sheet total and typical employee numbers, and whether you already prepare accounts under FRS 105 or another standard. Share your records, your prior year accounts if you have them, and any correspondence about filing, and we can assess whether the micro-entities regime is likely to suit your circumstances and what would be involved in preparing your FRS 105 Micro Entity Accounts. If it turns out that FRS 105 is not the right framework for you, we will say so and explain the alternatives. Get in touch to discuss your requirements and we will take it from there.

─── 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 that sets out how a qualifying micro-entity prepares its statutory accounts when it chooses to apply the micro-entities regime. It is the simplest of the UK accounting standards: accounts are generally prepared on a historical cost basis, fair value accounting is not used, and the disclosure requirements are considerably lighter than those under other standards. The result is still a full set of financial statements, just in a more streamlined form.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is a two-part test: the company needs to fall within the size criteria, and it must not be caught by any of the rules or exclusions that take certain entities outside the regime. Meeting the size thresholds on their own does not automatically mean a company can, or should, use FRS 105, so the specific facts of your company matter.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies may choose to apply it and therefore prepare FRS 105 Micro Entity Accounts, but it can also choose a different framework, such as FRS 102 Section 1A, which offers more accounting options and requires more disclosure. The right choice depends on what the company needs from its accounts and who is likely to rely on them.

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 following 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. These are size conditions only. Other eligibility rules and exclusions can apply, so meeting 2 of the 3 tests does not by itself guarantee that the micro-entities regime is available to your company.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they sit at different levels of complexity. FRS 105 is restricted to qualifying micro-entities and keeps things narrow: historical cost accounting, limited accounting policy choices and reduced disclosures. FRS 102, including Section 1A for smaller entities, permits a wider range of accounting treatments — such as revaluation and deferred tax — and requires more extensive notes. Moving between the two is possible, but it affects how figures are presented, so it is worth planning rather than switching at the last minute.

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

Where a company is required to file accounts, preparing them under FRS 105 does not remove that obligation — the accounts still need to be filed with Companies House, and micro-entity accounts can be filed in a simplified format. Filing requirements and deadlines depend on your company's type and circumstances, so it is worth checking what applies to you rather than assuming a single rule covers everyone.

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

Yes, and it is important not to confuse the two. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and filed as accounts where required. A CT600 is a Company Tax Return submitted to HMRC to report the company's taxable profit and calculate Corporation Tax. They draw on the same underlying records, but they are separate documents with separate purposes, deadlines and audiences.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. In practice, a first-year company often has limited trading history and simpler records, which can make the micro-entity framework a natural starting point. Even so, the qualifying conditions and any relevant exclusions still need to be checked, and it is worth reviewing the position again as the company grows, because a change in turnover, balance sheet total or employee numbers can affect which regimes remain open to it.