─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Mattishall

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, the simplified UK reporting framework available to companies that qualify for it and choose to apply it. If your company is based in or around Mattishall and keeps straightforward records, FRS 105 can offer a streamlined way to present your results to shareholders and Companies House. Because eligibility depends on your size, your entity type and the rules in force for your accounting period, it pays to have the position checked carefully rather than assumed. Professional preparation means your accounts are built from your actual financial records, laid out in the format FRS 105 expects, and considered alongside your other filing obligations so nothing is overlooked.

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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.
  
 
      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
  
 
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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 Micro-Entities Regime in Plain English

FRS 105 is the financial reporting standard that applies to UK companies using the micro-entities regime. In simple terms, it allows qualifying companies to prepare much shorter, simpler accounts than larger businesses, using a set format and a historical cost basis, with far fewer notes to the accounts. The micro-entities regime is an option rather than an obligation, so a qualifying company can choose to apply it — and when it does, FRS 105 is the framework it follows. The result is a concise set of financial statements covering the balance sheet, a profit and loss account in a prescribed format, and limited disclosures. For owners of small companies in Mattishall, that often means less complexity, clearer reporting and accounts that are easier to read and understand.

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

FRS 105 is designed 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 the 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 those conditions is a starting point rather than a full answer, because other eligibility rules and exclusions apply to particular types of entity and activity. Directors of companies in Mattishall and the surrounding area should therefore confirm their position for each accounting period before deciding whether FRS 105 Micro Entity Accounts are appropriate.

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 is about more than entering numbers into a template. Your accounts should be built from reliable financial records — bookkeeping, bank transactions, invoices, payroll information, asset details and any loans or balances owed — and then presented in line with the requirements that apply to your company and accounting period. We prepare the financial statements themselves, and we treat the filing of those accounts at Companies House as a separate step from your Corporation Tax position, which is dealt with through a CT600 submitted to HMRC. Keeping these obligations distinct helps avoid confusion and helps ensure the figures used for reporting and for tax are properly understood and reconciled.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Mattishall

If you would like to talk through your FRS 105 Micro Entity Accounts, get in touch and tell us a little about your company. It helps to know your accounting period, your approximate turnover, balance sheet total and number of employees, along with how your records are kept and whether you also need support with your Corporation Tax return or Confirmation Statement. From there we can explain how the micro-entities regime may apply to your circumstances, what information we would need from you, and how the preparation process works. We offer clear, transparent pricing and a straightforward, jargon-free approach, so you know what is happening at each stage.

─── 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 sets out how micro-entity financial statements are prepared. It is the framework used by companies that qualify for the micro-entities regime and choose to apply it. In practice it means a prescribed, simplified format, a historical cost basis, and substantially fewer disclosures than a larger company would provide. It is part of UK GAAP and sits alongside other standards such as FRS 102, which is used by companies that do not apply the micro-entities regime.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and decide to apply it. Qualifying is not just about size — certain entity types and circumstances are excluded by the rules, so a company that looks small on paper may still not be eligible, and a company that is eligible is never obliged to use it. Eligibility should be reviewed for each accounting period, because a change in turnover, balance sheet total or employee numbers can affect the position.

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 can choose to apply it, but it may instead prepare accounts under another applicable framework, such as FRS 102. The decision often comes down to who uses the accounts, how much disclosure shareholders or lenders would like, and whether the directors prefer the simplicity of the micro-entity format or the more detailed presentation of a fuller framework.

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: 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 size conditions is not on its own a guarantee of eligibility, because other rules and exclusions can apply based on the type of entity and its activities.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader framework with more accounting options and more extensive disclosure requirements, and it includes a reduced disclosure section often used by small companies. FRS 105 is narrower and more prescriptive: it uses a set format, generally requires a historical cost basis rather than fair value or revaluation, and asks for far fewer notes. The choice affects how the accounts look and how much information is published, rather than simply how much work is involved.

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

Yes. FRS 105 accounts are the company's financial statements, prepared for shareholders and filed at Companies House. A CT600 is a separate Corporation Tax return submitted to HMRC, based on the company's taxable profits rather than simply the accounting figures. The two documents usually start from the same underlying records, but adjustments such as depreciation versus capital allowances mean the taxable profit can differ from the reported profit.

Can a new limited company use FRS 105?

It may be able to, provided it qualifies for the micro-entities regime and chooses to apply it. A newly incorporated company has no trading history, so eligibility is assessed on the relevant conditions for its accounting period, and there are additional considerations for first accounts covering a longer period. Because exclusions can still apply regardless of size, it is worth checking the position before assuming FRS 105 is the right framework for a new company.

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

In most cases we need a trial balance or bookkeeping records for the period, bank statements, sales and purchase information, details of fixed assets and how they are depreciated, stock and work in progress if relevant, amounts owed to and by the company, loan agreements, payroll information, details of share capital, and the previous year's accounts if there are comparatives to include. If your records are incomplete, tell us and we can discuss the best way to get the accounts prepared.