─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Macclesfield

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. For a small company in Macclesfield, that choice can simplify how the financial statements are put together, but it also comes with specific presentation and disclosure rules that need to be applied correctly to your own circumstances. Professional preparation starts with your bookkeeping and financial records, then works through the recognition, measurement and disclosure requirements that apply to your company. It also considers whether the micro-entities regime is genuinely the right fit, since eligibility depends on meeting the relevant size conditions and on not falling within any of the applicable exclusions. The result should be a set of FRS 105 financial statements that reflect your trading activity accurately and can be used for the purposes they are intended for, including filing at Companies House where required. If you run a micro-entity in or around Macclesfield and want your accounts handled by people who work with this framework regularly, we can review your position and explain the next steps.

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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  
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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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 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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 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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 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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 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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 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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard designed for micro-entities — the smallest companies that qualify for the micro-entities regime. In plain terms, it is a simplified accounting framework: it sets out how the financial statements should be prepared, what they should contain, and what can be left out compared with the fuller standards used by larger companies. It sits alongside the micro-entities regime itself, which is the legal option a qualifying company can choose to apply. FRS 105 applies when that regime is chosen; it is not automatically applied to every small company, and a company that qualifies may still decide to use a different framework such as FRS 102. Where FRS 105 is used, the accounts typically include a balance sheet, a profit and loss account and notes prepared on the basis the standard requires, with simpler measurement rules and reduced disclosure. Many directors find it appealing because it keeps reporting focused and proportionate to the size of the business. For a Macclesfield company considering FRS 105 Micro Entity Accounts, the important starting point is confirming that the regime is available to you and that it suits how you want your accounts presented and used.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it. The regime is designed for the smallest companies, so the size conditions matter. For accounting periods beginning on or after 6 April 2025, 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. Two out of three is the usual starting test, but it is only the starting point. Other eligibility rules and exclusions can affect whether the regime is available, and some entities are outside it altogether regardless of size. Meeting the thresholds therefore does not automatically guarantee eligibility, and qualifying does not compel a company to use FRS 105 — it is a choice. For companies in Macclesfield considering FRS 105 Micro Entity Accounts, the sensible approach is to check the size conditions against your actual figures, review whether any exclusions apply, and then decide whether the micro-entities regime is the right framework for how you want your accounts prepared and presented.

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 depend on good records and a careful reading of the reporting requirements. We work from your accounting records — sales, purchases, bank transactions, payroll information, asset details and any relevant agreements — and prepare financial statements that reflect the company’s position in line with the FRS 105 framework as it applies to your circumstances. That includes considering whether the micro-entities regime remains appropriate for the period in question, because eligibility is assessed against the relevant size conditions and any applicable exclusions. It is important to keep two things separate: the preparation of the financial statements and their filing at Companies House on the one hand, and your Corporation Tax obligations on the other. A Corporation Tax Return (CT600) is a separate filing made to HMRC and is not the same as the accounts themselves. Likewise, a Confirmation Statement is a distinct Companies House filing and does not replace the accounts. We can help you understand what is needed for each, so nothing is confused or overlooked, and you have a clear picture of the figures that support your reporting.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps to have a short summary of your trading activity, your latest accounts if you have them, details of your bookkeeping system, and any questions you have about whether the micro-entities regime is the right route for you. We will look at your circumstances, explain what information we need, and set out clear, transparent pricing for the work involved so you know where you stand before anything begins. Whether you are preparing accounts for the first time, switching framework, or simply want a second pair of eyes on how your figures are presented, a conversation is a sensible place to start.

─── 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 provides a simplified basis for preparing financial statements, with reduced disclosure and simpler measurement rules than the standards used by larger companies. It applies to a company when that company qualifies for the micro-entities regime and chooses to apply it, which is why FRS 105 Micro Entity Accounts are specific to companies in that position.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is not simply a matter of being small: the company needs to meet the relevant size conditions and must not fall within any of the applicable exclusions, such as certain types of entity that are outside the regime. Because the rules have specific detail, it is worth checking your position rather than assuming, particularly if your turnover, balance sheet or headcount has changed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to use FRS 102 instead, for example where they want fuller disclosures or where a lender or investor has asked for a particular basis of reporting.

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 to fall within the micro-entity size thresholds: 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 conditions is the starting point, not the whole test — other eligibility rules and exclusions can apply, so the criteria should be checked against your company's specific situation.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entities standard and is deliberately streamlined, with simpler measurement rules and far fewer disclosures. FRS 102 is used more widely, including by small companies that do not use the micro-entities regime, and it generally requires more detailed recognition, measurement and disclosure. The choice affects how the accounts look and how much information appears in the notes.

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

Where a company prepares FRS 105 Micro Entity Accounts and is required to file accounts, those accounts are filed at Companies House in the usual way, alongside any other filings the company has. Filing the accounts is separate from your tax position. It is also separate from a Confirmation Statement, which is a distinct Companies House filing and does not replace the annual accounts.

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

Yes, they are separate things. FRS 105 accounts are the company's financial statements, prepared under the micro-entities reporting framework and used for the accounts filing where required. A Corporation Tax Return, commonly referred to as a CT600, is a tax filing submitted to HMRC to report the company's taxable profits and calculate the Corporation Tax due. The figures in the accounts often support the tax return, but the two documents are prepared for different purposes and submitted to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In the first period, qualification is assessed on the basis set out in the rules for that situation, and it is worth confirming before preparing the accounts. New companies in Macclesfield often find the streamlined approach helpful in the early years, provided the regime genuinely fits their circumstances.

What information is needed to prepare FRS 105 accounts?

In broad terms, we need your accounting records for the period: sales and purchase information, bank and cash records, payroll details, details of any assets and liabilities, loan or lease agreements, and the previous year's accounts where they exist. It also helps to know whether anything unusual happened during the period, such as a change in ownership, a significant purchase or a new source of income. From there, we can prepare the financial statements and explain what, if anything, is still outstanding.