─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Langport

FRS 105 sets out the financial reporting framework for UK companies that both qualify for the micro-entities regime and choose to apply it. For a small company in Langport, that choice affects how the accounts are structured, what is included in the balance sheet and profit and loss account, and how the notes are presented. Our work on FRS 105 Micro Entity Accounts starts with a careful look at your circumstances — your turnover, balance sheet total and employee numbers, plus any rules or exclusions that could affect whether the micro-entities regime is available to you. We then prepare the financial statements from your records in line with the framework, keeping the format clear and appropriate to your business. Because eligibility is never automatic and depends on the individual company, we take the time to confirm the position before any accounts are prepared, and we can talk you through the alternatives if FRS 105 is not the right fit.

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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 Made Clear

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that fall within the micro-entities regime. In plain terms, it gives qualifying companies a simplified way to prepare their annual financial statements, with a shorter, more streamlined format than the larger reporting frameworks. The important point is that the micro-entities regime is a choice, not an obligation: a company has to qualify for it first, and then decide whether to use it. If it qualifies and the regime is chosen, FRS 105 is the standard that applies. The accounts produced under FRS 105 typically include a simple balance sheet, a profit and loss account and a small number of notes, and they still need to give a true and fair view of the company’s financial position. For a director in Langport running a small limited company, FRS 105 Micro Entity Accounts can mean less admin and a clearer set of figures, but the framework does have rules on what must be included and how items are measured, so it is worth having the detail handled properly.

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 that regime to their annual accounts. To qualify, a company generally needs to meet at least 2 of 3 applicable size conditions for the accounting period — 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 — for accounting periods beginning on or after 6 April 2025. Those figures are the starting point rather than the whole answer. Other eligibility rules and exclusions can apply depending on what the company does, how it is structured and how it is treated under the wider micro-entities rules, so a company that appears to be the right size is not guaranteed to qualify. And even where a company does qualify, applying FRS 105 is a decision the directors make: some opt for the simplicity of micro-entity reporting, while others choose a fuller framework for their own reasons. If you run a company in Langport and want to know where you stand, we can review your figures and circumstances and explain whether FRS 105 Micro Entity Accounts look like a sensible route.

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 is a matter of taking the information in your accounting records and turning it into financial statements that follow the framework correctly. That means correctly identifying what belongs in the balance sheet, how the profit and loss account is presented, which notes are required, and whether any of the available simplifications apply to your company. We work from your bookkeeping, bank records, invoices, expense details and any relevant asset information, then prepare the financial statements and, where you would like us to, submit the accounts to Companies House. It is worth being clear that this is separate from your Corporation Tax position: the annual accounts and the CT600 Corporation Tax Return are different filings with different purposes and different deadlines, even though both draw on the same underlying figures. We explain the distinction as we go, so you know what is being filed, where, and why. Throughout, our aim is accurate, well-presented reporting that reflects your company’s circumstances rather than a template.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Langport

If you are deciding whether the micro-entities regime is right for your company, or you simply want the accounts prepared and filed without the guesswork, we can help. Get in touch to talk through your FRS 105 Micro Entity Accounts requirements and tell us a little about your business — your year end, what you do, how your records are kept and whether you have filed micro-entity accounts before. From there we can assess whether FRS 105 looks suitable for your circumstances, explain the options if it does not, and set out a clear, transparent approach to the work and the fees involved. There is no obligation, and no need to have everything perfectly organised before you make contact — a straightforward conversation is usually the fastest way to get clarity.

─── 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 companies using the micro-entities regime. It is the smallest and most simplified of the UK accounting frameworks, designed so that qualifying micro-entities can prepare annual financial statements in a shorter, more straightforward format than FRS 102. It sets out the required content of the balance sheet and profit and loss account, the limited notes that are needed, and the measurement rules that apply.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is a two-part test: the company must meet the size conditions and must not fall within any of the rules or exclusions that prevent micro-entity treatment. Meeting the size thresholds on their own does not guarantee eligibility, and even qualifying companies are not obliged to use the regime — FRS 102 or another framework may be more appropriate depending on the company's circumstances.

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 FRS 105, or it may prefer to prepare accounts under a different framework such as FRS 102. The choice can be influenced by the company's size, its plans, the expectations of lenders or investors, and whether the directors want a fuller set of disclosures. It is worth reviewing the decision rather than assuming either route.

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 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 exclusions, which is why the size test alone should not be treated as confirmation of eligibility. We check the position against your actual figures before accounts are prepared.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels. FRS 105 is limited to qualifying micro-entities and offers a much simpler format with fewer disclosures. FRS 102 is the standard for larger small companies and other entities, and it requires more extensive notes and more detailed accounting treatments. Moving between the two is possible, but it affects how figures are presented and disclosed, so the change should be planned rather than accidental.

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

Annual accounts for a limited company are generally filed at Companies House, and that includes accounts prepared under FRS 105 for a company that has adopted the micro-entities regime. What changes under FRS 105 is the content and format of the accounts, not the existence of the filing obligation. Companies House does not approve or review the accounts in a professional sense; it receives and registers them. We can prepare the statements and handle the submission on your behalf where you would like us to.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the statutory financial statements, while the CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate what tax is due. They are prepared from much of the same information, but they are different documents, go to different bodies and are governed by different rules. Preparing the accounts does not by itself take care of the Corporation Tax filing, so both should be planned for.

Can a new limited company use FRS 105?

A newly incorporated company can apply the micro-entities regime if it qualifies in its first accounting period and chooses to do so — new companies are not automatically excluded. In practice, a first-year company usually has limited trading history, so the turnover and balance sheet tests are often straightforward, but the other eligibility rules still need to be considered. It is also worth thinking ahead, because a company that grows beyond the size conditions may need to move to a different framework.