─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Malvern

FRS 105 Micro Entity Accounts in Malvern are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the UK micro-entities regime. FRS 105 is the standard that applies once that regime is chosen, allowing eligible companies to prepare simpler financial statements with reduced disclosure requirements than larger small company frameworks. Professional preparation begins with a review of your company’s circumstances — its size, structure, accounting period and any rules or exclusions that may affect eligibility — before the accounts are drafted from your financial records. The result is a set of financial statements built around the framework that suits your company, supported by clear workings and a straightforward explanation of what has been included and why. Whether you are filing micro-entity accounts for the first time or moving away from a more detailed framework, we can help you understand how FRS 105 works in practice for a company based in Malvern.

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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.

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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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 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. 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 Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it sets out how a qualifying company measures and presents the items in its financial statements — turnover, expenses, debtors, creditors and fixed assets — when it chooses to apply the micro-entities regime. The regime itself is a statutory framework available to companies that fall within the defined size limits and are not excluded by the rules, and FRS 105 is the accounting standard that applies when a company uses it. Because the regime is optional, a qualifying company can instead prepare accounts under FRS 102 Section 1A for small entities, which offers more accounting options but comes with more disclosure. FRS 105 is deliberately simpler: there are fewer notes, no revaluation of assets and no fair value accounting for most items, which keeps the financial statements shorter and easier for directors and shareholders to follow.

Who Can Use FRS 105 in the UK? Eligibility for Malvern Companies

FRS 105 is intended for companies that qualify for the UK 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 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 those thresholds alone does not guarantee eligibility. The regulations also contain exclusions, so certain companies and groups cannot use the regime regardless of their size, and there are additional considerations where a company sits within a group or has an unusual legal form or activity. Companies that do not qualify, or that would rather use the accounting options available to small entities, typically prepare accounts under FRS 102 Section 1A instead. Because the tests and exclusions can be nuanced, the practical route for a business in Malvern is to look at its own figures, structure and accounting period rather than assuming the regime applies.

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 Malvern

Preparing FRS 105 Micro Entity Accounts in Malvern means working from your company’s underlying financial records — bookkeeping, sales and purchase information, bank and loan data, payroll details and asset records — and turning them into financial statements that follow the measurement and disclosure requirements of the standard. We keep two separate jobs clearly apart: preparing the accounts themselves, and filing them at Companies House. We also keep both entirely separate from your Corporation Tax responsibilities, which are dealt with through a CT600 submission to HMRC. The accounts are drafted on the basis of the information you provide and the accounting policies that apply to your company, with figures cross-checked and queries raised before anything is finalised. The papers you receive are explained clearly, so you can see how the numbers were arrived at. No filing outcome can be guaranteed, but the process is designed to be accurate, transparent and straightforward.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Malvern

If your company is based in Malvern and you would like to discuss FRS 105 Micro Entity Accounts, get in touch. Tell us a little about your business — your company number, your accounting reference date, what you do and how you keep your records — and we can talk through how the micro-entities regime applies to your circumstances and what the next steps would look like. It also helps to have your latest trial balance or bookkeeping records, bank statements, details of any loans or hire purchase agreements, and information on asset purchases and employee numbers to hand. From there, we can explain what FRS 105 involves, how it differs from your other filing obligations, and how we can help you prepare a clear, well-supported set of financial statements.

─── 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 accounting standard that applies to qualifying micro-entities that choose to use the micro-entities regime. It governs how the figures in the financial statements are measured and what has to be disclosed, and it is deliberately streamlined compared with the standards used by larger companies — fewer notes, simpler measurement, and no revaluation or fair value accounting for most items. FRS 105 applies to the financial statements themselves; it does not govern your Corporation Tax return or your Confirmation Statement.

Who can use FRS 105?

FRS 105 can be used by companies that both qualify for the UK micro-entities regime and decide to apply it. Eligibility depends on the size conditions and on the exclusions in the regulations. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 3 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 those limits does not automatically make a company eligible — certain entities and groups are excluded by the rules, whatever their size — so the position should be checked for your own accounting period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies can choose to apply it and therefore use FRS 105, or it can prepare its accounts under FRS 102 Section 1A, the small entities framework, which allows more accounting options but requires more disclosure. Some companies prefer FRS 105 for its simplicity, while others prefer FRS 102 because of the way particular transactions or assets are treated. The choice should be made with your circumstances in mind and then applied consistently.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the thresholds are 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 during the period. A company generally needs to meet at least 2 of those 3 conditions, subject to the relevant rules and exclusions. Earlier accounting periods were assessed against lower turnover and balance sheet limits, so the criteria that apply depend on when your accounting period began.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company and offer different levels of flexibility. FRS 102 Section 1A is designed for small entities and permits options such as revaluation of fixed assets, fair value accounting in certain cases and more detailed accounting policy choices, along with a fuller set of disclosures. FRS 105 is the micro-entity standard: simpler to apply, with considerably fewer disclosure requirements and several options removed. In practice, FRS 105 accounts are shorter and more straightforward, but a company must both qualify for the micro-entities regime and choose to apply it.

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

Yes — if your company prepares FRS 105 Micro Entity Accounts, they form the basis of the annual accounts filed at Companies House for that accounting period, alongside any other documents required for the period. Filing the accounts is separate from submitting a Corporation Tax Return to HMRC, and it is also separate from the Confirmation Statement, which is a distinct filing confirming company details. Companies House publishes the format and filing requirements, and the way accounts are submitted is subject to change, so it is worth checking current guidance.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities accounting framework. A CT600 is a separate Corporation Tax Return submitted to HMRC, and it is calculated on your company's taxable profits using tax rules, which differ from accounting rules. The figures in your accounts often provide the starting point for the tax computation, but adjustments, capital allowances and other tax matters are handled separately. Preparing or filing accounts does not, by itself, settle your Corporation Tax position.

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

Typically we need your company's basic details (name, number and accounting reference date), a trial balance or bookkeeping records for the period, bank statements for all accounts, details of any loans, hire purchase or leasing arrangements, sales and purchase information for significant assets, payroll details including employee numbers, and the previous year's accounts. Where there are unusual transactions, such as asset disposals or dividends, we will ask for the supporting documents. The more complete the records, the more straightforward the preparation — and if your bookkeeping is not up to date, that can usually be sorted out as part of the process.