─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Liss

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities choosing to use the UK micro-entities regime. For a small company in Liss, FRS 105 can offer a simpler, more streamlined set of financial statements than the fuller frameworks, while still meeting the requirements that apply to that regime. Professional preparation helps ensure the accounts are put together appropriately for your company’s own circumstances — its size, its transactions, its accounting records and any rules or exclusions that may affect it. Eligibility is not automatic: a company must qualify under the applicable criteria and then decide whether the micro-entities regime is right for it. If you would like FRS 105 Micro Entity Accounts prepared in a clear, organised way, a professional can review your records, confirm the framework that fits, and prepare the financial statements ready for filing.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 effect, it sets out how small companies that qualify for, and choose to apply, the micro-entities regime should draw up their annual financial statements. Where a qualifying company adopts that regime, FRS 105 is the standard it uses — which is why you will often see the two talked about together as FRS 105 Micro Entity Accounts. In practice, FRS 105 tends to be shorter and more straightforward than FRS 102, with simpler measurement and disclosure requirements, which is helpful for owner-managed companies in Liss who want tidy, understandable accounts without unnecessary complexity. It is important to be clear about what FRS 105 is and is not: it is an accounting and financial reporting framework, not a tax return. Choosing to apply it affects how your financial statements are prepared and presented; it does not replace your Corporation Tax obligations or other company filing duties, which are handled separately.

Who Can Use FRS 105 in the UK? Companies That Qualify for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. 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. Meeting those size conditions is an important part of the picture, but it is not the whole test — the micro-entities regime carries its own eligibility rules and exclusions, and some categories of company cannot use it at all. That means a company should not assume it qualifies simply because its figures sit below the thresholds. The regime is also optional, so even a company that does qualify can choose a different framework if that better suits its circumstances. If you run a company in Liss and are weighing up FRS 105 Micro Entity Accounts, the sensible approach is to check your position against the current rules for your specific accounting period before deciding how to prepare and file.

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 underlying financial records — bookkeeping, bank transactions, sales and purchase information, payroll details and any relevant supporting documents. From there, the accounts are built up in line with the FRS 105 framework and the disclosure requirements that apply to a micro-entity using the regime. A professional accountant will look at your numbers, consider the treatment of items such as fixed assets, debtors, creditors and provisions, and prepare financial statements that reflect your company’s position as accurately as the records allow. It is worth separating the pieces: the preparation of your FRS 105 financial statements is one task, the filing of those accounts with Companies House is another, and your Corporation Tax Return (CT600) to HMRC is a separate obligation again. Getting the accounts right supports the tax work, but they are not the same thing. If anything in your records is unclear, that can be worked through before the accounts are finalised rather than guessed at.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Liss

If your company may qualify for the micro-entities regime and you would like FRS 105 Micro Entity Accounts prepared, the next step is a straightforward conversation. Tell us about your company, your accounting period, your current records and how you have prepared accounts in the past, and we can look at whether FRS 105 is likely to suit your circumstances. Bring whatever you have to hand — bookkeeping records, previous accounts, bank statements, details of any assets or loans, and information about your income and costs. The more complete the picture, the more useful the guidance. Whether you are filing for the first time, moving across from another framework, or simply want your accounts handled by someone who works with the micro-entities regime regularly, we can talk through your requirements and set out clear, transparent pricing and the practical steps involved.

─── 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 for micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime should prepare their annual financial statements, including what to measure and what to disclose. It is a simpler framework than FRS 102 and is designed to reduce the reporting burden on the smallest companies. FRS 105 is an accounting framework — it is not a tax return and it does not replace any of your other filing obligations.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying depends on meeting the applicable size conditions and on not falling within any of the rules or exclusions that take a company outside the regime. Charitable companies and certain other categories of company are not able to use the micro-entities regime, so eligibility should always be checked against your specific circumstances rather than assumed from turnover or headcount alone.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not mean you must use it. The regime is optional, and a qualifying company can instead prepare its accounts under a different framework, such as FRS 102. The choice usually comes down to what suits the company's reporting needs and its shareholders. Once FRS 105 is adopted for an accounting period, the accounts are prepared on that basis for that period.

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. Meeting those size conditions is not the whole test — the wider eligibility rules apply, and certain companies are excluded from the micro-entities regime altogether. It is also worth knowing that a company that no longer meets the conditions does not necessarily drop out immediately, as the rules allow for a period of grace in certain circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different sizes of company. FRS 105 is written for micro-entities using the micro-entities regime and is deliberately streamlined, with simpler measurement rules and fewer disclosures. FRS 102 is the standard for larger small companies and other entities, and it generally involves more detailed accounting treatments and more extensive notes to the accounts. In practice, FRS 105 tends to produce shorter, more concise financial statements, which is part of its appeal for owner-managed companies in Liss.

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

Yes. Where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts still form part of the company's annual accounts filing at Companies House. The micro-entity framework changes how the accounts are prepared and what they contain, not whether they are filed. Filing is a separate step from preparing the accounts, and it is separate again from your Corporation Tax position. Keeping the accounts and the filing in step avoids unnecessary chasing later on.

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

Yes, they are entirely separate. Your FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, and they are filed with Companies House. Your Corporation Tax Return, the CT600, is submitted to HMRC to report your company's taxable profits and calculate the tax due. The accounts often provide the starting point for the tax computation, but the CT600 is its own filing with its own requirements and its own deadline, so it should never be treated as covered by the accounts filing alone.

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

As a starting point, you will need complete bookkeeping records for the accounting period, including sales invoices, purchase invoices, bank and credit card statements, and details of any cash transactions. It also helps to have payroll information, details of any loans or finance agreements, a list of fixed assets and any additions or disposals during the year, and closing stock or work in progress figures where relevant. Previous year's accounts and the company's registration details are useful too. If some records are missing, that can often be worked through, but the more complete the information provided, the more straightforward the preparation process tends to be.