─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Laleham

If your company is a qualifying micro-entity, FRS 105 Micro Entity Accounts may be the most straightforward way to report your financial position. FRS 105 is the financial reporting framework that applies when a qualifying company chooses to use the UK micro-entities regime, and it allows for a simpler, more concise set of financial statements than the larger reporting standards. Preparing FRS 105 Micro Entity Accounts in Laleham involves more than entering figures into a template: the accounts need to reflect your company’s actual circumstances, the disclosures required under FRS 105, and the format expected when the accounts are filed. Professional preparation can help ensure your figures are consistent with your underlying records, that the accounts are presented in the correct form for a micro-entity, and that the reporting framework used is appropriate for your company. Eligibility is not automatic, and applying the micro-entities regime is a choice, so it is worth reviewing your position before the accounts are finalised. We work with directors and owners across Laleham and the surrounding area who want their FRS 105 Micro Entity Accounts prepared carefully, explained clearly, and kept separate from their other filing and tax obligations.

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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  
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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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 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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 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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 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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 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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it sets out how a very small company should prepare its annual accounts when it qualifies for the micro-entities regime and chooses to apply it. The regime is optional rather than compulsory, so a qualifying company can decide whether FRS 105 Micro Entity Accounts suit its circumstances or whether a different framework is more appropriate. Where the regime is used, FRS 105 governs what the financial statements include: a simplified balance sheet, a profit and loss account, and a limited set of notes, with far fewer disclosure requirements than FRS 102. The underlying principle is that the accounts should still give a true and fair view of the company’s position, using figures drawn from its own accounting records. FRS 105 accounts are company accounts for filing and reporting purposes; they are not the same thing as a Corporation Tax Return, a Confirmation Statement, or other statutory filings, even though the same year-end figures often inform all of them. For directors in Laleham, understanding which framework applies to their company is the first practical step towards getting the accounts right.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it. Size is the starting point. 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 two of those three conditions does not, on its own, guarantee eligibility. The micro-entities regime sits alongside other eligibility rules and exclusions, and certain companies are not able to use it regardless of their size. There is also an important distinction between qualifying and choosing: even where a company satisfies the criteria, applying the regime is a decision, and a company may prefer to report under a different framework. For directors in Laleham considering FRS 105 Micro Entity Accounts, the practical approach is to review the company’s turnover, balance sheet total and employee numbers across the relevant period, check for any exclusions, and confirm that the micro-entities regime is the right fit before the accounts are prepared.

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 properly starts with good records. We work from your bookkeeping, bank information, invoices, expenses and asset details to build financial statements that reflect what has actually happened in your business during the period. The accounts are then presented in the layout and with the disclosures that FRS 105 expects of a micro-entity, so the balance sheet, profit and loss account and notes are consistent with each other and with the framework being applied. It is important to keep the different obligations clear: the preparation of financial statements and their filing at Companies House is one exercise, while Corporation Tax obligations — including the Corporation Tax Return (CT600) submitted to HMRC — are a separate matter with their own rules and deadlines. Similarly, a Confirmation Statement is a distinct filing and does not replace annual accounts. Our role is to prepare and explain your FRS 105 Micro Entity Accounts so you can review them with confidence before they are finalised and submitted. We cannot guarantee any particular outcome or acceptance, but we can help ensure your accounts are prepared thoughtfully and on the basis of the information you provide.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Laleham

Whether you are preparing FRS 105 Micro Entity Accounts for the first time or want a second pair of eyes on an existing set, the next step is a straightforward conversation about your company. Tell us about your business, your accounting period, the records you keep, and whether you have previously filed under the micro-entities regime. It also helps to let us know about any changes during the year, such as new assets, a change in activity, or a shift in your turnover or employee numbers, since these can affect how the accounts are approached. With that information we can assess your circumstances, explain how FRS 105 Micro Entity Accounts would be prepared for your company, and set out clear, transparent pricing for the work involved. Get in touch to discuss your requirements and find out what is needed to move forward.

─── 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 to micro-entities. It is a simplified framework, built around a short balance sheet, a profit and loss account and a limited set of notes. It applies when a company qualifies for the micro-entities regime and chooses to use it, which is why FRS 105 Micro Entity Accounts can look quite different from accounts prepared under a larger standard.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities and decide to apply the micro-entities regime. 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 rather than a mandatory one. A qualifying company can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to report under FRS 102 instead, for example where they want to provide more disclosure or where the owners or lenders expect a fuller set of financial statements.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are designed for different sizes of entity. FRS 105 is the micro-entities standard and allows a much simpler set of financial statements with fewer disclosures. FRS 102 is the standard generally used by small and larger entities, and it requires more detailed accounting, more note disclosures and, in some areas, more judgement. The framework used affects how the accounts are presented and what is disclosed.

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

Annual accounts are a separate statutory filing from other company obligations. Where FRS 105 Micro Entity Accounts are prepared for a company, those financial statements are generally the accounts that would be filed at Companies House for that period, in the form required for a micro-entity. Filing the accounts is a distinct exercise from submitting a Corporation Tax Return or a Confirmation Statement, and each has its own requirements.

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

Yes, they are entirely separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The figures in the accounts often inform the tax return, but the two documents serve different purposes and go to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 from its first accounting period if it qualifies as a micro-entity and chooses to apply the regime. In practice, first-year accounts can involve additional considerations, such as the treatment of start-up costs and any assets purchased. It is worth reviewing the position early so the records are set up in a way that supports the framework you intend to use.

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

Typically we would need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any fixed assets and depreciation, stock or work in progress where relevant, loan and lease information, and details of directors' transactions with the company. It also helps to know your turnover and average employee numbers, since these are relevant to the size conditions. The more complete the records, the smoother the preparation of the accounts.