─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Llandudno

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — the simplified UK accounting framework available to companies that qualify as micro-entities and choose to apply it. FRS 105 is not a one-size-fits-all route: eligibility depends on the company meeting the relevant size conditions and not falling foul of any of the applicable rules or exclusions, so the starting point is always a proper look at your circumstances. For directors in Llandudno running a small limited company, FRS 105 can mean shorter, more straightforward financial statements with a simpler measurement basis than fuller reporting frameworks. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, are presented in line with the applicable reporting requirements, and are ready for the filing obligations that apply to your company — while keeping the accounting treatment sensible and consistent from year to year.

🔥 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 in Practice

FRS 105 is the financial reporting standard that sits behind the UK’s micro-entities regime. In plain terms, it is a stripped-back set of accounting rules designed for the smallest companies, allowing qualifying businesses to prepare simpler financial statements than they would under a fuller framework such as FRS 102. The key point is that using FRS 105 is a choice, not an automatic right. A company first needs to qualify for the micro-entities regime, and then the directors decide whether to apply it. Where that choice is made, FRS 105 is the standard that governs how the accounts are put together. Practically, that can mean a simpler balance sheet, reduced disclosure, and less of the detailed note-writing that larger reporting frameworks require — which many directors find quicker to review and easier to understand. For a small company in Llandudno, the attraction is usually a clearer, shorter set of financial statements that still tells the story of the business, without unnecessary complexity.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then 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 headline figures are only part of the picture. The conditions are assessed against the relevant rules, some company types and situations are excluded from the regime altogether, and the tests can be affected by factors such as whether the company is part of a group or has changed shape during the period. Meeting two of the three size conditions therefore does not automatically mean a company qualifies, and qualifying does not mean FRS 105 must be used. For directors in Llandudno weighing up the options, the sensible approach is to check eligibility against the current rules, consider whether the simplified reporting basis suits the business, and review the position each year as circumstances change.

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

Well-prepared FRS 105 Micro Entity Accounts start with clean, complete financial records. We work from your bookkeeping, bank information, invoices and supporting documents to build a set of micro-entity financial statements that reflects what actually happened in the business during the period, applying the measurement and disclosure requirements that come with the micro-entities regime. That means looking at how items such as fixed assets, debtors, creditors and director balances are treated, and making sure the figures are consistent with the records behind them. It is worth being clear about what sits where: the preparation of your financial statements and the filing of accounts at Companies House are one piece of work, while your Corporation Tax position — including the CT600 return submitted to HMRC — is a separate obligation with its own rules and deadlines. We can help you understand how the two fit together, so nothing is overlooked. What we can offer is careful, methodical preparation based on your records and the reporting requirements that apply to your company; what no adviser can honestly offer is a guarantee of any particular outcome or acceptance.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Llandudno

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, we are happy to help. Get in touch and tell us a little about your company — your accounting period, the nature of the business, how your records are kept, and whether you have filed micro-entity accounts before. From there we can review your circumstances, explain how FRS 105 applies to you, and set out the information we would need to prepare your financial statements. If you are also dealing with Companies House filings or Corporation Tax, let us know so we can help you keep the whole picture in view. Clear, transparent pricing and a straightforward conversation about what is involved — that is the starting point.

─── 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 companies using the micro-entities regime. It sets out a simplified basis for preparing financial statements, with a different measurement approach and far fewer disclosure requirements than fuller frameworks such as FRS 102. It is designed for the smallest companies, so the resulting accounts are shorter and generally easier for directors and readers to follow.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not the same as being required — the directors make the choice, and some companies that could use FRS 105 decide to report under a fuller framework instead. Eligibility also depends on more than size alone, as certain company types and circumstances are excluded.

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 apply it, but the directors can also choose a fuller framework. Many qualifying companies opt for FRS 105 because the accounts are simpler to prepare and review, but that is a decision to make with your circumstances in mind rather than an automatic default.

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 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 size tests only. Other eligibility rules and exclusions can also apply, so meeting the thresholds does not by itself guarantee that a company qualifies.

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 102 is the fuller framework used by a much wider range of companies, with more detailed recognition, measurement and disclosure requirements. FRS 105 is the micro-entities standard: simpler to apply, with reduced disclosures and a measurement basis suited to very small companies. The right choice depends on whether the company qualifies for the micro-entities regime and what the directors want from the accounts.

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

Where a company prepares accounts under the micro-entities regime, those accounts form the basis of the annual accounts that must be delivered to Companies House within the statutory filing period that applies to that company. The accounts prepared for the members and the accounts filed at Companies House are closely linked, although micro-entity filers may be able to file a reduced version. Filing requirements are changing over time, so it is worth confirming the current position for your company.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are prepared under the accounting and financial reporting framework and are filed at Companies House. A CT600 is a Corporation Tax return submitted to HMRC, which deals with the company's tax position rather than its financial reporting. The figures in your accounts usually inform the tax computation, but the filings themselves are separate obligations with separate rules.

Can a new limited company use FRS 105?

A newly incorporated company can apply the micro-entities regime if it meets the relevant eligibility conditions and the directors choose to do so. In the first period there may be limited comparative information available, which affects how the accounts are presented, and the position can change as the business grows. It is worth reviewing the framework each year rather than assuming the same basis will always be appropriate.

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

Typically we would need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, details of any fixed assets and loans, stock or work in progress figures where relevant, and supporting documents for significant transactions. Details of director balances and any share capital movements are also useful. The cleaner and more complete the records, the more straightforward the preparation.