─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Llandeilo

FRS 105 Micro Entity Accounts in Llandeilo are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to use the UK micro-entities regime. FRS 105 is not a filing shortcut or an automatic entitlement — it is a specific accounting framework with its own recognition, measurement and disclosure requirements, and it only applies where a company both qualifies for the regime and decides to adopt it. Professional preparation helps ensure your FRS 105 financial statements reflect your company’s own circumstances, transactions and accounting records, that the format and disclosures suit the micro-entities regime, and that the figures delivered to Companies House are consistent with the underlying books. Whether you are preparing a first set of accounts for a newly incorporated company or simplifying an established reporting routine, the starting point is a clear review of eligibility and the records available.

🔥 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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for the micro-entities regime. In plain terms, it is the rulebook that says how a qualifying micro-entity’s financial statements should be put together — what gets recognised, how amounts are measured, and what has to be disclosed. It sits alongside the micro-entities regime itself: the regime is the legal option that allows a very small company to report in a simplified way, and FRS 105 is the accounting standard that sets out how those accounts are prepared. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies when that regime is used — it is not a requirement that every small company must follow, and those that do not adopt the regime prepare accounts under a different framework. For a qualifying company in Llandeilo, the practical appeal is straightforward: fewer disclosures, simpler measurement rules and financial statements that are easier to read, while still presenting a true picture of the company’s position and results.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that meet the definition of a micro-entity and decide 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 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. The size tests are not the whole story. Other eligibility rules and exclusions can apply — certain types of company and certain kinds of entity are outside the regime — so meeting the thresholds does not by itself guarantee that FRS 105 can be used. Companies in Llandeilo and elsewhere in the UK considering FRS 105 Micro Entity Accounts should confirm their position against the rules for the specific accounting period before the accounts are prepared, and should remember that applying the regime is a choice rather than an obligation.

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 and Accurate Financial Reporting

Professionally prepared FRS 105 Micro Entity Accounts start with your company’s financial records and apply the reporting requirements that are relevant to a micro-entity. That means working from your bookkeeping, bank records, invoice details, payroll information and supporting documents to build financial statements that are internally consistent and appropriately presented under the micro-entities regime. The preparation of the accounts and the Companies House filing are two related steps: the financial statements are finalised from the records first, then delivered to Companies House in the expected format. Corporation Tax obligations sit separately from this. A CT600 is submitted to HMRC to report taxable profits, and while the accounts normally form the starting point for the tax computation, the return is a distinct filing for a different purpose. Working with an experienced preparer helps keep the accounts, the tax position and the statutory filing aligned, and makes it easier to spot questions about eligibility or presentation before they become a problem.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Llandeilo

If you would like your FRS 105 Micro Entity Accounts prepared properly and on a clear, transparent basis, it is worth talking through your circumstances early. Tell us about your company’s trading period, its turnover, balance sheet position and number of employees, and share the records you already hold — bank statements, sales and purchase information, payroll details, loan arrangements and prior year accounts where they exist. With that information we can assess whether the micro-entities regime and FRS 105 look appropriate for your company, explain what the accounts will include, and set out the next steps for preparation and for filing at Companies House. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 sets out the accounting rules for companies using the micro-entities regime. It covers how micro-entity financial statements should be prepared, including how assets and liabilities are recognised and measured, and which disclosures are required. It is deliberately shorter and simpler than the standards used by larger companies, but it is still a formal framework — FRS 105 accounts need to follow its requirements rather than simply presenting whatever figures are easiest to produce.

Who can use FRS 105, and what are the current micro-entity size criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 size conditions to qualify as a micro-entity: 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 tests does not automatically mean a company must — or even can — use FRS 105. Other eligibility rules and exclusions apply, and the regime is a choice, so FRS 105 applies when a qualifying company decides to adopt it.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies may choose to apply FRS 105 or to prepare its accounts under a different framework, such as FRS 102 for small companies. The right choice depends on the company's circumstances, what its shareholders or lenders expect to see, and whether the simpler micro-entity treatment suits the transactions it actually has.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main UK standard used by most companies, while FRS 105 is a much shorter standard designed for the micro-entities regime. FRS 105 offers less flexibility — it is built around simpler measurement rules and a reduced set of disclosures — but it also involves less preparation work than a full FRS 102 set of accounts. Larger or more complex companies, and those that need accounting options FRS 105 does not permit, generally report under FRS 102 instead.

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

Yes. A qualifying company that prepares micro-entity accounts under FRS 105 still files accounts at Companies House within the statutory filing deadline, normally in the reduced format the micro-entities regime allows. Filing is a separate step from preparation: the financial statements are finalised from the company's records first, then delivered to Companies House. The same figures also feed into the company's Corporation Tax position.

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

Yes, they are two distinct filings. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out the tax due. The two are connected — the accounts are normally the starting point for the tax computation — but they serve different purposes and go to different organisations.

Can a new limited company use FRS 105?

It may be able to, if it qualifies for the micro-entities regime and chooses to apply it. Newly incorporated companies with straightforward trading and modest turnover, assets and staff often look at FRS 105 for their first set of accounts, but eligibility still depends on the size conditions for the relevant period together with any other applicable rules and exclusions. It is worth reviewing this before the first accounts are prepared, because the framework chosen affects how the figures are presented and disclosed.

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

In practice we would need the company's accounting records for the period — bank statements, sales and purchase records, payroll information, details of any loans, and supporting documents for assets and liabilities — along with the previous year's accounts where available. For a newly formed company, we would also look at the incorporation details and any opening balances. Complete, up-to-date records are what allow the FRS 105 financial statements to be prepared accurately for your company's circumstances.