─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kingston upon Thames

If your company is a qualifying micro-entity, FRS 105 Micro Entity Accounts provide the financial reporting framework that lets you prepare simpler, more streamlined financial statements. FRS 105 sits within the UK’s micro-entities regime, and it applies when a company both qualifies for that regime and chooses to use it. For directors in Kingston upon Thames, that choice can mean a more straightforward set of accounts, based on historical cost and with far fewer disclosures than larger reporting frameworks require. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built properly from your financial records, reflect your company’s own circumstances, and are presented consistently with the framework you have adopted. It also helps you keep sight of the separate obligations that sit alongside the accounts, such as filing with Companies House and dealing with Corporation Tax. Eligibility is not automatic, so the starting point is always a review of your company’s 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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 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 financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime, which is an optional accounting regime available to companies that meet the relevant size and eligibility conditions. Where a qualifying company chooses to apply that regime, FRS 105 is the standard it uses to prepare its financial statements. In practice, FRS 105 keeps things deliberately simple. It works on a historical cost basis, so there is no revaluation of assets, no fair value accounting, no deferred tax and far less note disclosure than you would see under FRS 102. The result is a shorter, clearer set of accounts that still gives a true and fair view for the company’s size and circumstances. For directors in Kingston upon Thames, the key point is that FRS 105 is a choice linked to eligibility, not a default that applies to every small company.

Who Can Use FRS 105 in the UK?

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 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. Those size tests are only part of the picture, however. Other eligibility rules and exclusions can apply, and certain companies are not able to use the micro-entities regime at all regardless of their size. For that reason, meeting two of the three conditions does not automatically confirm eligibility, and a company that qualifies is not obliged to use the regime if it would rather prepare accounts under a different framework. In Kingston upon Thames and across the UK, the sensible approach is to assess your company’s own figures, structure and activity against the rules before deciding which framework fits.

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

Preparing FRS 105 Micro Entity Accounts starts with good records. We work from your bookkeeping, bank information, invoices, expenses and asset details to build a set of financial statements that follows the requirements of FRS 105 as it applies to your company. That includes the balance sheet, the profit and loss account and the small number of notes the framework expects, all prepared on the historical cost basis rather than with revaluations or fair value adjustments. Preparation of the accounts and filing them with Companies House are treated as distinct steps, and Corporation Tax is separate again: a CT600 is a Corporation Tax return submitted to HMRC, not part of the accounts themselves. Our role is to prepare the accounts accurately and consistently, explain the figures clearly, and help you understand what is being filed and why, without making assumptions about your position until we have reviewed it.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Kingston upon Thames

If you would like support with FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps if you can share details of your accounting period, your current bookkeeping or records, any assets the company holds, and how you have prepared accounts previously. We can then look at whether the micro-entities regime is likely to be available and appropriate for your circumstances, explain what the preparation involves, and set out clear, transparent pricing before any work begins. Whether you are preparing micro-entity accounts for the first time or want a second pair of eyes on an existing approach, we are happy to talk through your requirements in plain English.

─── 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 financial statements. Compared with larger frameworks, it is deliberately simplified: accounts are prepared on a historical cost basis, so there is no revaluation of assets, no fair value accounting and no deferred tax, and only a limited set of notes is required. The aim is a clear, proportionate set of accounts that suits the size of the business.

Who can use FRS 105?

FRS 105 is for companies that qualify for the micro-entities regime and decide to apply it. In broad terms, a company needs to be within the size limits for the regime and must not fall into any of the excluded categories. Meeting the size tests is not the whole story, because other eligibility rules and exclusions can apply. Directors also have to consider whether the regime remains appropriate if the company's activity or structure changes. We review eligibility case by case before any accounts are prepared.

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 can generally choose to use it, but it may also be able to prepare accounts under the small companies regime instead, depending on its circumstances. What matters is that the choice is made consistently and that the accounts are prepared properly under whichever framework is adopted. If you are unsure which option suits your company, it is worth discussing the differences before you file.

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 the applicable size conditions, but they sit alongside other rules and exclusions, so satisfying two of the three does not automatically mean a company qualifies. The position should always be checked against your own figures and circumstances.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK standard used by many small and medium-sized companies, and it allows or requires more complex accounting treatments, including certain fair value measurements, deferred tax and considerably more disclosure. FRS 105 is the simpler micro-entities standard, restricted to historical cost accounting with minimal notes. Choosing between them depends on eligibility and what the company needs from its accounts. If a company no longer qualifies as a micro-entity, it generally moves to a different framework rather than staying on FRS 105.

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

Yes. Where a company prepares accounts under the micro-entities regime, those accounts are filed with Companies House within the statutory filing deadline for that company. The accounts filed are the financial statements themselves. Filing accounts is a separate obligation from submitting a Corporation Tax Return, and it is also separate from the Confirmation Statement. Keeping these three things distinct helps avoid the common confusion about what has and has not been filed. If you would like us to handle preparation and filing together, we can explain how that works.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed with Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than the accounts format. The figures in the accounts usually feed into the tax return, which is why preparation is often handled together, but the two documents serve different purposes, go to different bodies and follow different rules.

What information is needed to prepare FRS 105 accounts?

Typically we need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any assets owned by the company, loan or director's account information, and the previous year's accounts if there are any. Confirmation of the accounting period, the company's registration details and how the company has reported previously are also useful. The more complete the records, the smoother preparation tends to be. If your records are not fully up to date, tell us and we can look at what needs to be brought together first.

What changes are coming to micro-entity accounts filing?

Company filing requirements have been under review, and changes to how accounts are filed are being introduced over time, including a move towards filing accounts in a structured digital format rather than as simpler filings. The exact requirements depend on the type of company and the period involved. Because this area continues to develop, it is worth checking the current position for your own filing before you submit. We can talk you through what applies to your company so you are not caught out by a format change.