─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Maidenhead

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK — and for many small companies in Maidenhead, they offer a simpler, more proportionate way to present financial statements. FRS 105 is not something every small company can adopt automatically. It is the standard that applies when a company both qualifies for the micro-entities regime and actively chooses to apply it. Eligibility depends on the size conditions relevant to the accounting period, along with various rules and exclusions that can affect whether the regime is available. Professional preparation helps you work through those questions properly: reviewing your records, confirming the basis on which the accounts should be drawn up, and preparing FRS 105 financial statements that reflect your company’s actual circumstances rather than a generic template. Whether you are newly incorporated, trading steadily, or reviewing how your accounts are currently produced, having your FRS 105 Micro Entity Accounts prepared with care gives you a clearer picture of your reporting position and what needs to be filed.

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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: The Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sets out how a very small company’s financial statements should be put together if that company qualifies for the micro-entities regime and decides to use it. The micro-entities regime is an available accounting regime, not an automatic label — a company has to qualify, and then it has a choice about whether to apply it. When the regime is chosen, FRS 105 provides the framework for the accounts. It is deliberately simpler than the standards used by larger companies. There is generally less disclosure, a more straightforward approach to measuring assets and liabilities, and a focus on the essentials: the balance sheet, the notes required under the framework, and the information a reader needs to understand the company’s position. This simplicity is why FRS 105 Micro Entity Accounts are popular with owner-managed businesses in Maidenhead that want accounts that are accurate and proportionate without unnecessary complexity. What it is not, however, is a shortcut around proper accounting — the figures still need to be right, and the framework still has to be applied correctly to your circumstances. If you are unsure whether FRS 105 is the right basis for your company, the sensible starting point is a review of your eligibility and your reporting options.

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 that choose to apply it. The regime is not open to every small business by default, and it is not something that applies automatically simply because a company is small. 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 conditions are the starting point, not the full picture. A range of other eligibility rules and exclusions can affect whether the micro-entities regime is actually available to a particular company, and some entities are excluded from it altogether. Meeting the size tests therefore does not guarantee eligibility on its own. For companies in Maidenhead considering FRS 105 Micro Entity Accounts, the practical approach is to look at the size conditions alongside the wider rules, confirm whether the regime is available, and then decide whether applying it is the right choice for the business. That review is worth doing properly, because it determines the basis on which your financial statements are prepared.

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 financial records — the bookkeeping, bank information, sales and purchase detail, and the supporting documents behind each figure. From there, the accounts are built in line with the framework and the reporting requirements that apply to your company. That work sits alongside, but is separate from, your other filing obligations. FRS 105 financial statements are the accounts themselves; if they need to be filed at Companies House, that is a distinct step. A Corporation Tax Return (CT600) is a separate submission made to HMRC, and a Confirmation Statement is another separate filing again — none of these is the same thing as the accounts. Good preparation means the figures in your accounts are consistent, the disclosures required under the framework are present, and the accounts reflect the company’s real position at the balance sheet date. It also means someone has looked at the detail rather than simply rolling last year’s numbers forward. Where your circumstances raise questions — about eligibility, about how a particular item should be treated, or about which regime suits you best — those points can be worked through openly before the accounts are finalised.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Maidenhead

If you would like support with your FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about where your company stands. Tell us about your trading activity, the accounting period you need accounts for, and how your records are currently kept. It also helps to know whether you are already using the micro-entities regime, or whether you are weighing up your options for the first time. With that information, your circumstances can be assessed and you can get clear answers on eligibility, on the basis on which the accounts should be prepared, and on what needs to be done next. Pricing is handled with clear, transparent fixed-fee options, so you know where you stand before work begins. Whether you are a newly incorporated company in Maidenhead or an established one reviewing how your accounts are prepared, get in touch and let’s look at your FRS 105 Micro Entity Accounts together.

─── 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 how the financial statements of a qualifying micro-entity should be prepared when that regime is chosen, and it is intentionally simpler than the standards used by larger companies, with reduced disclosure requirements and a more streamlined approach to measurement. In practice, it covers the accounts side of your reporting — not your tax return or your confirmation filing.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK micro-entities regime and that choose to apply it. Both parts matter: qualifying does not oblige you to use it, and choosing it is only possible if you qualify. The regime is designed for very small companies, and there are rules and exclusions beyond the basic size tests, so eligibility should be checked against your specific circumstances rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it, but it is also possible to prepare accounts under a different framework if that better suits the business — for example where more detailed reporting is wanted for lenders, investors, or group purposes. The key point is that FRS 105 applies when the micro-entities regime is the chosen basis.

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. Meeting the size conditions is not the whole story, however. Other eligibility rules and exclusions can apply, so qualifying for the regime is a conclusion reached after reviewing the company's position, not a box-ticking exercise based on thresholds alone.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard, with simpler measurement and fewer disclosures. FRS 102 is the standard used more broadly, including by small companies under Section 1A and by larger entities, and it generally involves more detailed recognition, measurement and disclosure requirements. Choosing between them is really a question of which regime your company qualifies for and which basis best reflects what you need from your accounts.

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

Where accounts are required to be filed, the filing of those accounts at Companies House is a separate step from preparing them. Not every company has the same filing position, so what needs to be sent, and in what form, depends on the company's circumstances and the applicable rules. It is worth being clear that accounts filing and your Corporation Tax Return (CT600) are distinct obligations handled through different channels — preparing FRS 105 financial statements and submitting a CT600 to HMRC are two separate pieces of work.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Because a new company often has a short or first accounting period, the size conditions and any relevant adjustments need to be considered carefully rather than assumed from a full year of trading. It is usually sensible to confirm the position early, so the first set of accounts is prepared on the right basis from the outset.

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

Typically you would provide your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, details of any assets and liabilities, stock or work in progress where relevant, and supporting documents for significant transactions. It also helps to confirm the accounting period being reported on, whether the micro-entities regime is already being used, and whether there have been any changes in the business during the year that could affect how items are treated. The clearer the records, the more straightforward the preparation.