─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kilwinning

FRS 105 Micro Entity Accounts in Kilwinning are prepared under the financial reporting framework designed for qualifying UK micro-entities that choose to apply the micro-entities regime. If your company meets the relevant size conditions and the applicable rules and exclusions, FRS 105 allows you to present a simpler set of financial statements, with reduced disclosures and a format suited to the way a small business actually operates. Professional preparation matters because the accounts still need to reflect your company’s real transactions, assets and liabilities correctly, and the framework you use affects what appears in the financial statements and what is filed at Companies House. Working with an adviser who understands FRS 105 Micro Entity Accounts means your figures are pulled together from your records in an organised way, the accounting policies suit your circumstances, and the resulting financial statements are consistent with the regime you have chosen to apply. Where the micro-entities regime is not the right fit for your company, that should be identified early rather than discovered at filing time, so the correct framework can be used from the outset.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime, and it is the framework used when a qualifying company chooses to apply that regime. In simple terms, it is the lightest accounting framework available to small UK companies: it keeps the financial statements short and straightforward, with a simplified balance sheet, a simple profit and loss account, and far fewer notes than a larger company would prepare. FRS 105 is built on the idea that a micro-entity should not have to apply complex measurement rules, so things like fair value accounting and revaluation of assets generally are not part of the picture, and the emphasis is on recording transactions at their actual amounts. This connects directly to the UK micro-entities regime, which is the legal option that allows qualifying companies to prepare and file accounts on this reduced basis. It is worth being clear that using FRS 105 is a choice, not an automatic consequence of being small: a company has to qualify for the micro-entities regime and then decide to apply it. When it does, FRS 105 Micro Entity Accounts are the financial statements that result, and they still need to be accurate, consistent and prepared in line with the relevant reporting requirements for that regime.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

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, eligibility is generally assessed against three size conditions, of which a company normally needs to meet at least 2: 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 during the period. Those figures give a useful starting point, but they are not the whole test. The rules also include exclusions and other conditions, which means some companies that appear to fall within the size thresholds are not able to use the regime at all — for example where the company’s legal form or the nature of its activities places it outside the definition. It is also possible for a company’s position to change from one period to the next, so eligibility is worth reviewing each year rather than assumed. If your company qualifies, applying the micro-entities regime and preparing FRS 105 Micro Entity Accounts is a choice you make, and it should be made with a clear understanding of what the accounts will show and who will rely on them. Where FRS 105 is not available or not suitable, a fuller framework such as FRS 102 would be used instead.

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 starts with your underlying financial records — bank statements, sales and purchase information, expense records, payroll details where relevant, and any asset or liability information that affects the balance sheet. From that material, the financial statements are built up in line with the micro-entities regime and the applicable reporting requirements, so the figures presented are supported rather than estimated roughly. A key point for directors is that different obligations sit in different places. Preparing and filing the company’s financial statements with Companies House is one task; submitting a Corporation Tax Return (CT600) to HMRC is a separate task with its own requirements, and the figures used for each may need to be considered carefully. FRS 105 Micro Entity Accounts are accounting documents prepared under a specific reporting framework — they are not the same as a CT600, a Confirmation Statement, or a VAT return, and each of those should be handled as its own filing. Working with an accountant on FRS 105 accounts in Kilwinning gives you a clear process: your records are reviewed, the accounts are prepared on the basis that fits your company’s circumstances, and you receive financial statements that you can review before they are filed. Where something in your records needs clarification or supporting information, that can be raised before the accounts are finalised.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Kilwinning

If you are looking for support with FRS 105 Micro Entity Accounts in Kilwinning, the next step is a straightforward conversation about your company. Tell us about your business, the accounting period you need accounts for, and how your records are currently kept — whether that is software, spreadsheets or a box of paperwork — and we can look at what is involved and whether the micro-entities regime is likely to suit your circumstances. It also helps to know whether you need only the financial statements prepared, or support with filing at Companies House alongside your other obligations, such as your Corporation Tax Return. Nothing is assumed at this stage: eligibility for the micro-entities regime depends on the relevant size conditions and the applicable rules and exclusions, so the position is checked against your actual figures rather than taken for granted. Share your details and requirements and we will explain the options, what information is needed, and how the process works 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 applies when a company prepares accounts under the micro-entities regime. It is the simplest framework available to UK companies, with a short balance sheet, a simple profit and loss account and only limited notes. It avoids the more complex measurement rules found in fuller standards, which keeps the financial statements proportionate to a very small business.

Who can use FRS 105 in the UK?

FRS 105 is for 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically mean a company qualifies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies can choose to apply it and prepare FRS 105 Micro Entity Accounts, or it can use a fuller framework such as FRS 102 instead. In some cases there are good reasons to prefer a fuller framework — for example where the company needs to present more detail, or where a lender, investor or group structure expects it.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in complexity. FRS 102 is the fuller framework and includes areas such as fair value measurement, revaluation of assets, deferred tax and a wider set of disclosure requirements. FRS 105 is a reduced framework for qualifying micro-entities: measurement is simpler, revaluations and fair value accounting generally do not feature, and the disclosure requirements are far lighter. The right choice depends on eligibility and on what the company and its stakeholders need from the accounts.

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

Financial statements prepared under FRS 105 still need to be filed at Companies House in line with the company's filing obligations, although the amount of information filed can be reduced compared with larger companies. Filing the accounts is a separate exercise from submitting a Corporation Tax Return (CT600) to HMRC. The two are prepared for different purposes and submitted to different bodies, so both should be planned for rather than treated as a single task.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than its financial reporting framework. The figures in the accounts and the tax return often overlap, but the two documents serve different purposes and have their own requirements and deadlines.

Can a newly formed limited company use FRS 105?

A new company can apply the micro-entities regime if it qualifies, and many very small companies do. Eligibility is assessed against the relevant size conditions and the applicable rules and exclusions, which for accounting periods beginning on or after 6 April 2025 generally means meeting at least 2 of 3 conditions: turnover up to £1 million, balance sheet total up to £500,000, and an average of no more than 10 employees. Because a new company has no trading history at incorporation, its expected activity in the period is part of the picture, so it is worth reviewing the position rather than assuming.

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

Typically you would provide bank statements and reconciliations, sales and purchase records, expense and receipt information, payroll details if you employ staff, and any details of assets, loans, stock or amounts owed to and by the company. It also helps to know the accounting period being reported on and whether the company has any unusual transactions. If records are incomplete, that can usually be worked through — but the clearer the records, the more straightforward the preparation.

What changes are coming to micro-entity accounts filing?

Companies House has been moving towards filing accounts in a software-based format rather than through manually keyed submissions, and it has signalled a reduction in the options for filing accounts with limited information. The practical effect is that the route by which FRS 105 Micro Entity Accounts reach Companies House is changing, even though the underlying framework and the reduced disclosure levels remain. Because timings and detailed requirements can be updated, it is worth checking the current position before a filing is due.