─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Melbourn Cambs

FRS 105 Micro Entity Accounts are prepared under the UK financial reporting standard written specifically for companies that qualify for, and choose to apply, the micro-entities regime. If your company is based in Melbourn Cambs and you are weighing up how to prepare and file your annual accounts, FRS 105 offers a simplified reporting framework with reduced disclosure compared with larger-company standards. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built from your actual accounting records, reflect your company’s particular circumstances, and are presented consistently with the requirements that apply to a micro-entity. It also helps you keep the accounts element of your filing separate and clearly distinguished from your Corporation Tax Return (CT600) and your Confirmation Statement, which are different obligations with different purposes. Whether you are a long-established micro-company or a newer limited company reviewing your options, we can talk you through what FRS 105 Micro Entity Accounts involve and how the process works in practice.

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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 Micro-Entities Reporting Standard

FRS 105 is the UK accounting standard that sets out how qualifying micro-entities prepare their annual financial statements. In simple terms, it is a stripped-back reporting framework: it allows a much shorter set of accounts with far fewer notes than the standards used by larger companies, on the basis that the readers of micro-entity accounts mainly need a clear, concise picture of the company’s assets, liabilities, and results. FRS 105 sits alongside the UK’s micro-entities regime, which is a legal framework rather than a standard in itself. A company that qualifies for the micro-entities regime can choose to apply it, and when that choice is made, FRS 105 is the standard used to prepare the accounts. Certain measurement rules apply under FRS 105 that differ from those used under FRS 102, including areas such as deferred tax and revaluations, so the framework is not simply a shorter version of the same numbers. For a director in Melbourn Cambs, the practical upshot is straightforward: fewer disclosures, a simpler balance sheet and profit and loss account, and a reporting pack that is easier to read and to file, provided the company genuinely qualifies and the regime is the right fit for its circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it — both elements matter, because qualification and election are separate steps. 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 those size conditions does not, on its own, guarantee eligibility. The regime also carries other rules and exclusions, and certain types of company are unable to use it regardless of their size. Companies that are part of a group, or that fall within particular categories, may find their position is affected. This is why eligibility is best looked at as a question about your specific company rather than a general rule of thumb. If your business is based in Melbourn Cambs and you are unsure whether FRS 105 Micro Entity Accounts are open to you, reviewing your circumstances and the applicable requirements is the sensible first step before deciding how to prepare your accounts.

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 underlying records: bookkeeping, bank transactions, invoices, expenses, payroll information where relevant, and any asset or liability balances that need to be reflected. From those records, the financial statements are built in line with the applicable reporting requirements for a micro-entity, including the balance sheet, the profit and loss account, and any notes that are required or that you choose to include. In Melbourn Cambs and across the surrounding area, we work with directors who want their FRS 105 Micro Entity Accounts prepared carefully and explained in plain English, so you understand what the figures represent before anything is finalised. It is worth keeping the distinct filings clear in your mind: the accounts prepared under FRS 105 are the financial statements, and where required they are filed with Companies House as part of your annual accounts submission. Your Corporation Tax Return (CT600) is a separate filing made to HMRC, and your Confirmation Statement is a separate Companies House document confirming company details. We can help with each of these as distinct pieces of work rather than treating them as one and the same, and we can flag areas where information or clarification is needed before the accounts are completed.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts for your company in Melbourn Cambs, the best next step is a straightforward conversation about where your business currently stands. Tell us about your company’s activities, your accounting period, the records you already keep, and whether you have filed under the micro-entities regime before, and we can assess whether FRS 105 appears to suit your circumstances. We will also ask about anything else on your filing list, such as a Corporation Tax Return (CT600) or a Confirmation Statement, so nothing is overlooked. There is no need to have everything perfectly organised before you get in touch — part of the value of professional support is helping you pull the information together in a workable way. Reach out to discuss your requirements and we will explain the options, the information we need, and how the process typically runs.

─── 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 is a simplified accounting framework that allows qualifying companies to prepare shorter financial statements with substantially reduced disclosure compared with the standards used by larger businesses. It applies when a company qualifies for the micro-entities regime and chooses to use it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not automatic and is not based on size alone — other eligibility rules and exclusions can apply. 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. Companies that are ineligible for the regime for other reasons cannot use FRS 105 regardless of size.

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, in which case FRS 105 is the standard used to prepare the accounts. Some qualifying companies prefer to prepare accounts under FRS 102 instead, for example because of the measurement rules involved or because of what the accounts need to show. The choice should be made with your circumstances in mind.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they serve different sizes of company. FRS 105 is the micro-entities standard: shorter accounts, fewer notes, and certain measurement rules that differ from the larger framework. FRS 102 is a fuller standard used by small and larger entities, with more extensive disclosure and different treatment in areas such as deferred tax and revaluations. Moving between the two can change the figures presented, not just the amount of detail.

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

Where a company is required to file annual accounts, the accounts prepared under FRS 105 form part of that submission. Filing obligations depend on your company's circumstances, so it is worth checking what applies to you rather than assuming. Filing accounts with Companies House is a separate exercise from submitting a Corporation Tax Return to HMRC, even though both draw on the same underlying figures.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities framework. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable position. The accounts often provide the starting point for the tax computation, but the two documents serve different purposes, go to different bodies, and follow different rules.

Can a new limited company use FRS 105?

Possibly, if it qualifies for the micro-entities regime and chooses to apply it. A newly incorporated company does not automatically qualify just because it is small or newly formed — eligibility depends on the applicable size conditions and any relevant exclusions. It is worth reviewing this early, as the accounting framework affects how your first set of accounts is put together.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any assets and liabilities, and payroll information if you employ staff. Anything else that affects the figures, such as loans, director balances, or one-off transactions, should be flagged too. Having this information reasonably complete makes preparation smoother and reduces the number of queries along the way.

What changes are coming to micro-entity accounts filing?

The UK filing landscape continues to evolve, including the way accounts are submitted digitally and the level of detail expected in filings. Because requirements are updated from time to time, it is sensible to check the current position for your accounting period rather than relying on older guidance. We can talk you through what applies to your company when you get in touch.