─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Leeds

FRS 105 Micro Entity Accounts are the streamlined statutory financial statements prepared under the micro-entities regime, and they are designed for qualifying UK companies that want a simpler, more proportionate set of accounts. For directors in Leeds running a small limited company, FRS 105 can mean shorter financial statements, reduced disclosure and a clearer picture of the numbers that matter. Eligibility is not automatic — a company needs to qualify for the micro-entities regime and the directors must then choose to apply it. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s circumstances, with figures drawn from your records and presented in line with the applicable reporting requirements, so you can file with confidence and get on with running the business.

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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: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sits behind FRS 105 Micro Entity Accounts, and it is closely tied to the micro-entities regime, the lightest accounting framework available under UK company law. Where a company qualifies for that regime and the directors decide to use it, FRS 105 is the standard that applies when the accounts are prepared. The practical effect is a simpler set of financial statements: a reduced balance sheet, limited notes and fewer of the disclosure requirements that apply under larger frameworks. It does not change the underlying figures or the need for accurate records — it simply means the accounts are presented under a simpler set of rules. For many small companies in Leeds, that makes FRS 105 a practical and cost-effective option, provided the company genuinely qualifies and the directors are comfortable with the reduced level of detail that users of the accounts will see.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that both qualify for the micro-entities regime and choose to apply it — the two conditions go together. On size, the position for accounting periods beginning on or after 6 April 2025 is that a company generally needs to meet at least 2 of the 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 those thresholds is a starting point rather than a guarantee, because the regime also carries its own eligibility rules and exclusions. Some companies are prevented from using it despite falling within the size limits, and certain entity types are treated differently. For directors in Leeds, the sensible approach is to have your company’s turnover, balance sheet position, employee numbers and structure reviewed against the current rules before deciding whether FRS 105 Micro Entity Accounts are the right route. Where the regime does not fit, an alternative reporting framework may be more appropriate, and that is a conversation worth having early rather than at filing time.

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 your financial records — bank transactions, sales and purchase information, payroll details, asset records and any relevant supporting documentation. From there, the figures are compiled into a balance sheet and supporting notes presented in the format expected under FRS 105, reflecting the company’s own circumstances rather than a one-size-fits-all template. It is worth being clear about the different obligations involved: preparing the financial statements, filing accounts with Companies House, and dealing with Corporation Tax are separate requirements. The FRS 105 Micro Entity Accounts are the statutory accounts; a Corporation Tax Return (CT600) is a distinct filing made to HMRC, and a Confirmation Statement is another separate Companies House submission. Keeping those pieces distinct helps directors avoid confusion and understand what is being filed, where, and why. Our role is to prepare your accounts accurately and explain the basis on which they have been compiled, so you know what has been done and can review it before anything is submitted.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Leeds

If you run a small limited company in Leeds and think the micro-entities regime may suit you, the next step is a straightforward conversation. Tell us about your company — what it does, how it is structured, roughly what it turns over, how many people it employs and what your balance sheet looks like — and we can consider whether FRS 105 Micro Entity Accounts are likely to be appropriate for your circumstances. It also helps to have your records to hand, along with details of any previous accounts filed and the accounting period you need covering. We will explain the options clearly, talk you through what is involved and give you a transparent view of how we work, including fixed-fee options where they fit. Whether you are preparing accounts for the first time or switching from another framework, get in touch and we will help you work out the right way 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 sets out how qualifying companies prepare their statutory accounts under the micro-entities regime, with a simplified balance sheet and a much shorter set of notes and disclosures than larger reporting frameworks require. When a company qualifies for the regime and chooses to use it, FRS 105 is the standard that governs how the FRS 105 Micro Entity Accounts are put together.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that choose to apply it. Qualifying is about size, but it is not just about size — certain companies are excluded from the regime regardless of their figures, and the eligibility rules need to be checked against your specific circumstances. Meeting the size conditions alone does not automatically mean a company can or should use FRS 105.

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 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 are the size tests, and they sit alongside other rules and exclusions that can affect whether the regime is available. Because eligibility depends on your company's particular position, it is worth having it reviewed rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that qualifies still has to decide whether to use it, and some directors choose a different framework such as FRS 102 because they want fuller disclosures or because a lender, investor or other user of the accounts expects more detail. The key point is that FRS 105 applies when the micro-entities regime is chosen, not simply because a company is small.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard and produces the shortest, most streamlined accounts, with minimal disclosure. FRS 102 is the standard used by larger small companies and others, and it generally requires more detailed notes, additional accounting policies and greater disclosure. In practice, the choice between them usually comes down to eligibility, the needs of the people who read your accounts, and whether the reduced disclosure under FRS 105 is acceptable in your situation.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts are the company's statutory accounts and are normally filed with Companies House as part of the annual accounts requirement for the accounting period. Filing accounts is a separate obligation from filing a Confirmation Statement, and both are separate again from Corporation Tax. It is worth checking the current Companies House requirements, as filing rules and the way accounts are submitted have been changing.

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

Yes. The FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed with Companies House. A Corporation Tax Return, usually submitted as a CT600, is a separate filing made to HMRC to report the company's taxable profits and calculate the tax due. The two are linked in the sense that they draw on the same underlying figures, but they are distinct documents with distinct purposes, deadlines and submission routes.

What information do I need to provide to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, including sales and purchase information, bank statements and reconciliations, payroll details, records of any assets bought or sold, loan and hire purchase agreements, and details of any stock or work in progress. It also helps to share previous accounts, your company registration details and the exact accounting period being covered. The more complete and organised the records, the more efficiently the FRS 105 Micro Entity Accounts can be prepared.