─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Maldon

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. If your company is based in Maldon and you are considering FRS 105 Micro Entity Accounts, professional preparation can help ensure the financial statements are put together appropriately for your company’s circumstances. That includes working from your accounting records, applying the recognition and disclosure requirements relevant to FRS 105, and presenting the accounts in the simplified format the framework allows. Eligibility is not automatic, so it is important to check whether your company qualifies for the micro-entities regime before the accounts are prepared. We can help you understand the process, identify the information needed, and prepare FRS 105 Micro Entity Accounts that reflect your company’s position in line with the applicable reporting requirements.

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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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 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: What the Micro-Entities Regime Means for Maldon Companies

FRS 105 is the UK financial reporting standard designed for companies that qualify as micro-entities and choose to apply the micro-entities regime. In simple terms, it gives smaller companies a more straightforward way to prepare annual financial statements, with reduced disclosure requirements compared with larger reporting frameworks. If your company qualifies and the regime is chosen, FRS 105 applies to the accounts. It does not automatically apply to every small company, and it is not the same thing as a Corporation Tax Return (CT600) or a Confirmation Statement. For companies in Maldon, FRS 105 Micro Entity Accounts can make the reporting process more proportionate, but the accounts still need to be prepared carefully using the company’s financial records and the rules that apply to its circumstances. Understanding whether FRS 105 is suitable is the first step.

Who Can Use FRS 105 in the UK? Guidance for Maldon Companies

FRS 105 can be used by UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size conditions generally require a company to meet at least 2 of 3 tests: 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 conditions are subject to the relevant rules and exclusions, so they are not the only consideration. A company in Maldon may meet the size tests but still need to check other eligibility points, and qualifying companies are not obliged to use the regime. The choice can depend on the company’s structure, reporting needs and future plans. Professional advice can help confirm whether FRS 105 Micro Entity Accounts are appropriate and how the framework would apply.

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 in Maldon

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and prepared under the financial reporting framework that applies when a qualifying micro-entity chooses the micro-entities regime. The work typically involves reviewing income, expenses, assets, liabilities and other relevant information, then presenting the financial statements in the format required by FRS 105. Company accounts filing with Companies House is a separate process from Corporation Tax, and a CT600 is submitted to HMRC independently of the accounts. We can help prepare your FRS 105 Micro Entity Accounts and support you with the related filing steps, while making clear what information is needed and what responsibilities remain with the company. The aim is accurate, well-presented financial reporting that fits your circumstances, not a guarantee of any particular outcome.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Maldon

If you need help with FRS 105 Micro Entity Accounts in Maldon, we can talk through your requirements and assess what is involved for your company. Contact us to discuss your circumstances, ask questions about the micro-entities regime, and find out what information we need to prepare your accounts. It helps to have your latest records, previous accounts if available, and details of any income, expenses, assets, liabilities and payroll to hand. We can then explain the next steps clearly and outline how we can assist with your FRS 105 Micro Entity Accounts.

─── 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 forms part of the micro-entities regime, which qualifying companies can choose to apply. When that regime is chosen, FRS 105 sets out how the annual financial statements should be prepared, allowing a simpler format and reduced disclosures compared with larger reporting frameworks. It is an accounting framework, not a tax return, and it applies only where the company qualifies and the regime is used.

Who can use FRS 105?

FRS 105 is intended for UK companies that qualify for the 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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not always mean a company can or should use FRS 105. The position should be assessed for each company.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies for the micro-entities regime may choose whether to apply it. If it does, FRS 105 applies to the financial statements. If it does not, another suitable accounting framework may be used, depending on eligibility and the needs of the business and its users. The decision can affect the level of detail in the accounts and how they compare with earlier or future periods, so it is worth considering carefully.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler framework for qualifying micro-entities that choose the micro-entities regime. It generally involves fewer disclosures and a more straightforward approach to measurement, often based on historical cost. FRS 102 is a broader financial reporting standard used by many companies that do not qualify as micro-entities or that choose not to apply the micro-entities regime. FRS 102 typically requires more disclosures and can involve more complex accounting treatments. Neither is automatically right for every company; eligibility and reporting needs matter.

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

FRS 105 accounts are the financial statements prepared under that framework, and companies generally need to file annual accounts with Companies House. The filing obligation is separate from the choice of accounting framework, and the accounts must still be delivered in line with the applicable filing requirements. A Confirmation Statement is a different filing and does not replace the annual accounts. If you are unsure what needs to be filed, professional guidance can help you identify the correct steps.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared for accounting and Companies House reporting purposes. A CT600 is the Corporation Tax Return submitted to HMRC, and it deals with the company's tax position. Although the tax return often starts from the figures in the accounts, tax adjustments may be needed, and the two filings have different purposes and deadlines. Filing accounts does not remove the need to handle Corporation Tax separately.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies still need to consider the size conditions and any other eligibility rules that apply to their first accounting period. It is not automatic simply because the company is small or newly formed. Preparing reliable records from the start and reviewing the position before the first accounts are due can make the process smoother.

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

To prepare FRS 105 Micro Entity Accounts, we typically need records such as bank statements, sales invoices, purchase receipts, expense details, payroll information, asset purchases, loan and finance agreements, stock or work-in-progress details where relevant, and any previous accounts. This information helps build an accurate picture of the company's income, expenses, assets and liabilities. If a CT600 is also required, additional tax-related information may be needed. We can provide a clear checklist once we understand your circumstances.