─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kidderminster

If your company is a qualifying micro-entity and you have chosen to apply the UK micro-entities regime, FRS 105 Micro Entity Accounts set out how your financial statements should be prepared and presented. FRS 105 is the Financial Reporting Standard that applies when that regime is used, and it is deliberately streamlined — but it still needs to be applied accurately to your own figures, transactions and circumstances. Our role is to work from your bookkeeping and records, consider the framework alongside the relevant rules and any exclusions that may apply, and prepare accounts that reflect your company’s position properly. For Kidderminster-based directors and owners of small limited companies, that means a clear, understandable set of FRS 105 Micro Entity Accounts prepared with the reporting requirements in mind, rather than a template filled in without thought. We also make sure you understand what the accounts show, so you can use them with confidence when dealing with Companies House, your bank, or your own advisers.

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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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 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is a UK financial reporting standard written specifically for companies that qualify as micro-entities and choose to apply the micro-entities regime. In plain terms, it is the simplest set of rules available for preparing statutory financial statements, and it exists so that very small companies do not have to apply the fuller disclosure requirements that larger businesses work with. Under FRS 105, the accounts are normally prepared on a historical cost basis, and the required notes and disclosures are considerably reduced compared with other frameworks. What does not change is the need for accuracy: the figures must still reflect the company’s transactions correctly, and the accounts still have to be prepared in line with the applicable rules. Choosing the micro-entities regime is a decision for the company — it is not something that is forced on every small business, and some companies decide that a different framework better suits their circumstances. Where a company qualifies and does choose the regime, FRS 105 applies, and the resulting FRS 105 financial statements are used for the company’s reporting and filing purposes. For directors in Kidderminster, understanding this distinction is the starting point for deciding whether FRS 105 Micro Entity Accounts are the right route for their company.

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. 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. These conditions are subject to the relevant rules and how they are applied to your particular accounting period. Crucially, satisfying the size conditions is not the end of the test. Other eligibility rules and exclusions can apply, and certain companies may be excluded from the micro-entities regime regardless of their size — for example, where there are particular structural or regulatory considerations. That is why eligibility should be assessed on the facts of each company rather than assumed from turnover alone. If your company qualifies and the directors decide the micro-entities regime is the right fit, FRS 105 Micro Entity Accounts are prepared on that basis for companies in Kidderminster and across the UK.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly begins with your financial records — your bookkeeping, bank transactions, sales and purchase information, asset details and any relevant agreements. From there, the accounts are prepared in line with the FRS 105 framework and the applicable reporting requirements, so that the balance sheet, profit and loss account and accompanying notes reflect your company’s position as accurately as the information allows. It is important to separate two different things that often get muddled together. Preparing and filing the company’s financial statements with Companies House is one requirement; submitting a Corporation Tax Return (CT600) to HMRC is a separate obligation with its own rules, deadlines and calculations. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting side, while the CT600 deals with Corporation Tax. We can support you with the accounts work and, where appropriate, the wider company filing picture, keeping the two strands distinct so nothing is overlooked. We do not claim that any filing will be automatically accepted or that a set of accounts guarantees a particular outcome — what we do is prepare your FRS 105 Micro Entity Accounts carefully, based on the records and information you provide and the requirements that apply to your company.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Kidderminster

If you are a director or owner of a small limited company in Kidderminster and want to understand whether the micro-entities regime is right for you, get in touch to discuss your FRS 105 Micro Entity Accounts requirements. It helps to have a few things to hand — your latest bookkeeping or accounting records, details of your income and expenses, information about any assets or liabilities, and your previous year’s accounts if you have them. We will talk through your circumstances, explain how FRS 105 works where it applies, and set out what information we need to move forward, along with clear, transparent pricing and fixed-fee options where they suit your situation. Whether you are filing for the first time or looking for a more straightforward approach to your company’s reporting, a short conversation is the easiest way to start.

─── 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 a UK financial reporting standard designed for companies that qualify as micro-entities and choose to apply the micro-entities regime. It is the most streamlined of the UK reporting frameworks, with reduced disclosure requirements and accounts normally prepared on a historical cost basis. Its purpose is to make statutory financial reporting more proportionate for very small companies, while still requiring the figures to be accurate and the accounts to be prepared in line with the applicable rules.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime under the relevant size criteria and that decide to apply that regime. Qualifying is not automatic, and meeting the size conditions is only part of the picture — other eligibility rules and exclusions can affect whether the regime is available to a particular company. If your company qualifies and the directors choose the micro-entities regime, FRS 105 applies and the accounts are prepared on that basis.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. A company that qualifies may still choose a different framework, and some businesses do so because of their size profile, group arrangements, borrowing requirements or the preferences of users of the accounts. FRS 105 applies when the micro-entities regime is chosen.

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, subject to the relevant rules and exclusions. Those conditions are 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 these conditions does not, on its own, guarantee that a company qualifies, because other eligibility rules and exclusions can apply.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities framework, with a simplified approach and far fewer disclosure requirements. FRS 102 is a fuller framework used by a much wider range of companies, and it requires more detailed accounting treatments and notes. In simple terms, FRS 105 is the lighter option for qualifying micro-entities, while FRS 102 is typically used where a company does not qualify for the micro-entities regime or decides not to apply it.

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

FRS 105 Micro Entity Accounts are the company's statutory financial statements, and for a company using the micro-entities regime they are the accounts prepared for filing purposes. Filing the financial statements with Companies House is a separate requirement from your Corporation Tax obligations. A Corporation Tax Return (CT600) is submitted to HMRC, not Companies House, and it involves its own calculations and rules. Keeping the accounts and the tax filing clearly separated helps avoid confusion.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 where it qualifies for the micro-entities regime and chooses to apply it. In practice, the size conditions are assessed against the relevant period and the applicable rules, so a first set of accounts needs to be considered on its own facts. It is worth checking eligibility early, particularly if the company is growing quickly or has unusual transactions or group relationships.

What information is needed to prepare FRS 105 Micro Entity Accounts?

As a starting point, we normally need your bookkeeping or accounting records, details of sales and expenses, bank and cash information, records of any assets and liabilities, and the previous year's accounts if there are any. Supporting documents such as loan or lease agreements can also be relevant. The more complete and up to date your records are, the more straightforward the preparation process tends to be.

What changes are coming to micro-entity accounts filing?

Company filing requirements do evolve, and there has been ongoing work on how small and micro-entity accounts are filed, including a move towards filing accounts in a structured digital format. Because the practical requirements and timing can change, it is sensible to check the current position before you file rather than relying on how things were done in previous years. If you would like to discuss how this affects your FRS 105 Micro Entity Accounts in Kidderminster, we are happy to talk it through.