─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Linlithgow

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying companies that choose to apply the UK micro-entities regime. If your company is based in Linlithgow and meets the relevant eligibility conditions, FRS 105 allows for a streamlined set of financial statements, with simplified measurement and reduced disclosures compared with the frameworks used by larger entities. Professional preparation helps ensure your accounts are put together appropriately for your company’s particular circumstances, reflecting your accounting records and the reporting requirements that apply to the accounting period in question. Applying the micro-entities regime is a choice rather than an automatic entitlement, so eligibility needs to be considered for each period, including any rules and exclusions that may affect you. Our role is to help you understand whether the micro-entities regime is the right fit and to prepare FRS 105 accounts that are accurate, consistent and clearly presented.

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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 for Your Company

FRS 105 is the UK financial reporting standard written specifically for companies that qualify as micro-entities and choose to use the micro-entities regime. In plain terms, it is a simplified accounting framework: it sets out how items are measured and presented in your annual financial statements, and it keeps disclosure requirements to a minimum so the accounts stay short, straightforward and understandable. The micro-entities regime is optional — a qualifying company can choose to apply it, and FRS 105 is the standard that applies when that choice is made. A company that instead reports under a broader framework such as FRS 102 will produce fuller accounts with more notes. It is also worth remembering that FRS 105 is about accounts and financial reporting, not tax: it does not replace a Corporation Tax Return, which is a separate submission to HMRC. Because the choice of framework affects how your figures appear and how much detail is published, it is a decision worth discussing before the year end rather than after.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and that 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 figures are a starting point rather than the whole test — the conditions must be assessed in line with the relevant rules, and a range of exclusions and special cases can mean that a company which appears to fall within the size limits is still not eligible. Equally, a company that qualifies is under no obligation to use the regime. Because eligibility can change from one period to the next, it is sensible to review your position each year, and in Linlithgow that review can be done alongside your annual accounts preparation so the framework and the figures stay aligned.

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 for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your financial records. We work from your bookkeeping, bank records, invoices, payroll information and supporting documents to build a set of financial statements that is consistent with the micro-entities framework and with the way your company has actually traded during the period. Accounts prepared on this basis are intended to be filed with Companies House as part of your annual accounts, using the reduced disclosure presentation available to micro-entity filers where it is appropriate to do so. Filing your accounts with Companies House is a separate process from your Corporation Tax obligations: a CT600 is submitted to HMRC and deals with taxable profits, adjustments and reliefs, which can differ from the accounting profit shown in your financial statements. We can help with both, while keeping the two clearly distinguished so you always know what is being filed where. No firm can promise automatic acceptance or approval by any authority, and responsibility for the underlying records and the resulting figures rests with the company and those who prepare and approve the accounts on its behalf.

ICAEW

ACCA

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Speak to Us About Your FRS 105 Micro Entity Accounts in Linlithgow

If your company is based in Linlithgow and you would like support with FRS 105 Micro Entity Accounts, get in touch to talk through your circumstances. Tell us a little about your company, your accounting period and where your records currently sit, and we can explain how we would approach the work and what information we would need from you. Clear, transparent pricing and fixed-fee options are available depending on the scope of what is required. Whether you are a newly incorporated company weighing up the micro-entities regime for the first time or an established micro-entity looking for a smoother year end, we are happy to answer your questions and help you decide on the next step before you commit to anything.

─── 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 the micro-entities regime. It sets out how qualifying companies that choose to use that regime measure and present the items in their annual financial statements. It is deliberately simpler than the frameworks used by larger companies, with streamlined measurement rules and a much shorter set of disclosure requirements, which keeps the accounts brief and readable. FRS 105 governs financial reporting only — it does not deal with Corporation Tax.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK rules and that choose 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. Meeting those size conditions alone is not the whole picture, as other eligibility rules and exclusions can apply, and eligibility should be considered for each accounting period.

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 it — and therefore report under FRS 105 — or it may choose a broader framework such as FRS 102 instead. The decision affects how much detail appears in your published accounts and how certain items are measured, so it is worth reviewing alongside your plans for lenders, investors or group reporting. Once a framework is chosen, it should be applied consistently.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the dedicated micro-entities standard and is the more streamlined of the two. It limits certain measurement options, does not recognise deferred tax, and requires far fewer disclosures, so the resulting accounts are noticeably shorter. FRS 102 is the wider UK standard used by small and larger entities, offering more recognition and measurement choices and substantially more disclosure. A company that wants fuller presentation — for example because a bank or an investor expects it — may prefer FRS 102 even where FRS 105 would be available.

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

Yes. Where the micro-entities regime is applied, the resulting annual accounts are filed with Companies House as part of the company's accounts filing obligation, and micro-entity filers can use a simpler balance sheet presentation with reduced notes. This is separate from filing a Corporation Tax Return with HMRC. Accounts should be filed within the statutory deadline that applies to your accounting period, and it is worth planning the year end early so the figures are finalised in good time.

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

Yes, they are two distinct filings. FRS 105 accounts are the financial statements prepared under the micro-entities framework and filed with Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, which calculates the company's taxable profit. Taxable profit often differs from the profit shown in the accounts because of items such as disallowable expenses, capital allowances and other tax adjustments. Most companies therefore need both, even though they start from the same underlying records.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first accounting period if it qualifies as a micro-entity and no exclusion applies, but this should never be assumed. First periods can be longer or shorter than twelve months, and the company's activities, structure or ownership can affect whether the micro-entities regime is available. It is worth checking the position early so that the first set of accounts is prepared on a sensible and consistent basis.

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

We generally need a complete set of records for the period, which typically includes bank statements and reconciliations, sales invoices and receipts, purchase invoices and expense records, payroll information, details of asset purchases and disposals, loan and finance agreements plus share capital, director loan account movements, and stock or work-in-progress details where relevant. An export from your bookkeeping software, or access to it, speeds things up considerably. It also helps to have the previous year's accounts and confirmation of the exact accounting period being reported on.