─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Larkhall — Prepared for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts in Larkhall are prepared under the financial reporting framework designed for companies that qualify for, and choose to apply, the UK micro-entities regime. FRS 105 is not a filing form or a tax return — it is the accounting standard that sets out how the financial statements of a qualifying micro-entity are put together, including the balance sheet, the notes and the disclosures that accompany them. Because the micro-entities regime is optional, eligibility has to be considered carefully before it is adopted, and the accounts should reflect the company’s own circumstances rather than a one-size-fits-all template. Professional preparation helps you work through that decision, keeps the figures consistent with your underlying records, and produces FRS 105 financial statements that are presented clearly and appropriately for a micro-entity. If you run a small limited company in Larkhall and want to understand whether the micro-entities regime suits you, we can talk it through in plain English.

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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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   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.
  
 
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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: What the Micro-Entities Regime Means in Practice

FRS 105 is the UK accounting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it is a simplified reporting framework: it lets a micro-entity prepare straightforward financial statements without the wider fair value accounting and the heavier disclosures that larger companies deal with under other standards. The result is usually a shorter set of accounts built around the balance sheet, with a limited number of notes. Two things are worth keeping separate in your mind. First, choosing the micro-entities regime is a decision — a company has to be eligible and then decide to apply it. Second, FRS 105 is the standard that applies once that choice is made. For directors of small companies across Larkhall, understanding that distinction makes conversations about year-end accounts, Companies House filing and Corporation Tax much easier to follow.

Who Can Use FRS 105 in the UK? A Guide for Companies in Larkhall

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it, rather than being open to every small company by default. 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 conditions are a starting point rather than the whole test. Other eligibility rules and exclusions can apply, and some entities cannot use the regime at all, so meeting the size thresholds alone does not guarantee eligibility. Once a company does qualify, adopting the micro-entities regime remains a decision, and it is worth weighing up how the resulting FRS 105 Micro Entity Accounts will be used by directors, lenders, customers and anyone else who relies on them. In Larkhall, we work through that assessment with you before any 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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your bookkeeping and financial records. We build the financial statements from the information you provide and from the reporting requirements that apply to your company, then set out what needs to be filed with Companies House and what sits elsewhere. That company filing is separate from your Corporation Tax position: a CT600 is a Corporation Tax Return submitted to HMRC, while the accounts are a financial reporting document. Keeping the two distinct avoids confusion over what is due, where and when. Where adjustments, estimates or judgements are needed, we explain them rather than bury them in the numbers. No firm can promise that a set of accounts will be accepted without question, but careful preparation, well-kept records and a clear audit trail put your FRS 105 accounts on a sound footing and make them easier to stand behind.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Larkhall

If you would like help with your FRS 105 Micro Entity Accounts in Larkhall, get in touch and tell us about your company. It helps to have your latest trial balance or bookkeeping records, details of fixed assets and stock, information on directors’ loans or intercompany balances, and a note of your accounting period dates — but do not worry if things are not perfectly tidy yet. We will review your circumstances, including whether the micro-entities regime is likely to be available to you, explain the options in plain English, and set out clear, transparent pricing before any work begins. From there you can decide how you would like to proceed.

─── 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 accounting standard that applies to the financial statements of a company using the micro-entities regime. It is a simplified framework: micro-entity accounts are usually shorter, centred on the balance sheet, and carry far fewer notes and disclosures than accounts prepared under fuller standards. It deals with how figures are recognised, measured and presented. It is not a tax return, and it does not by itself determine how much corporation tax a company pays.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on the applicable size conditions and on whether any relevant rules or exclusions apply to the company. Meeting the size thresholds is a starting point rather than an automatic answer, so it is worth checking your position against the current requirements before adopting the regime for an accounting period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is a choice available to qualifying companies, not a requirement. A company that qualifies can still prepare its accounts under FRS 102 or another applicable framework where that suits its circumstances better — for example, where a lender, investor or group requires more detailed reporting. What matters is that the framework chosen is one the company is genuinely entitled to use.

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 these 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. Further rules and exclusions can still apply, so meeting two of the three conditions does not on its own guarantee that the micro-entities regime is available to your company.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the fuller UK standard and applies to a much wider range of companies, while FRS 105 is the shorter, simplified standard for those using the micro-entities regime. Micro-entity accounts under FRS 105 generally include less disclosure and do not use fair value accounting or revaluation. FRS 102 permits and requires more, including wider disclosures and, in some cases, fair value measurement. Which framework is right depends on eligibility and on what the accounts need to achieve.

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

Where a company prepares its accounts under FRS 105, those accounts normally form the statutory accounts filed with Companies House, subject to the filing requirements and deadlines that apply to the company. The version placed on the public record is often more limited than the accounts prepared internally. Filing accounts is handled separately from Corporation Tax, which is dealt with through HMRC rather than Companies House.

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

Yes, they are separate. FRS 105 Micro Entity Accounts deal with financial reporting — how your results and financial position are recognised, measured and presented. A CT600 is the Corporation Tax Return submitted to HMRC, and it is where the tax due is worked out. The figures in the two documents should be consistent, but they go to different bodies and carry their own requirements.

What changes are coming to micro-entity accounts filing?

Companies House has been moving towards more digital filing of accounts, and there are plans to require small and micro-entity companies to file additional information — including profit and loss figures — through software rather than by manual or paper filing. The exact requirements and timescales are set out in official guidance and can change, so it is worth confirming the position for your accounting period before you file. We can help you keep on top of what applies to your company.