─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Melksham

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — a simplified reporting framework available to qualifying UK companies that choose to apply it. For many small limited companies in Melksham, that means shorter, more straightforward accounts containing a simplified balance sheet, limited notes and a profit and loss account that does not have to be filed at Companies House. Deciding whether the regime suits your company is not simply a matter of size; it depends on your company’s structure, activity and reporting obligations. Professional preparation helps make sure your FRS 105 Micro Entity Accounts are built from your actual accounting records, presented in line with the applicable requirements, and consistent with the figures reported elsewhere. If you are unsure whether the micro-entities regime is the right fit, a short conversation about your circumstances is usually the quickest way to find out.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 Framework

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it is the rulebook that tells a qualifying micro-entity how to prepare its annual financial statements — and it is deliberately shorter and simpler than the standards used by larger companies. When a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 is the standard that applies to its accounts. Those accounts typically include a simplified balance sheet, a small number of notes, and a profit and loss account, and they are prepared on the basis that certain fair value and revaluation measurements are not used. The appeal for many small business owners is that the resulting FRS 105 Micro Entity Accounts are clearer and more proportionate to the size of the business, while still giving an honest picture of what the company owns and owes. What FRS 105 is not is a tax return — it is an accounting and financial reporting framework. Understanding that distinction early helps Melksham company directors plan their year-end without confusing reporting requirements with tax filing duties.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is assessed against size conditions and other rules. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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 figures are the starting point, not the whole test. A range of further rules and exclusions can apply — for example, certain types of company and certain entities are not able to use the regime at all, and the conditions are measured on the basis set out in the relevant legislation. That is why meeting 2 of the 3 size conditions should never be treated as an automatic green light. If your company is based in Melksham and you are weighing up whether FRS 105 Micro Entity Accounts are the right approach, the sensible step is to review your specific position, including any group relationships, regulated activity or unusual transactions, before deciding.

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

Good FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank statements, invoices and any other supporting information to build a set of financial statements that reflects what actually happened in your company during the period. That includes preparing the balance sheet, the profit and loss account and the notes required under FRS 105, and checking that the figures are internally consistent and sensibly presented for a company of your size and activity. Preparing the accounts is one piece of the picture. Filing those FRS 105 financial statements with Companies House is a separate step with its own deadline, and a Corporation Tax Return (CT600) submitted to HMRC is separate again, based on the company’s taxable profits rather than the reporting framework used for the accounts. Similarly, a Confirmation Statement is a distinct Companies House filing and not part of the accounts themselves. Keeping those obligations clearly separated helps directors in Melksham avoid missed filings and last-minute panic.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Melksham

If you would like support with your FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps to have your most recent accounts or trial balance, details of your year-end date, and a note of anything unusual that happened during the period — asset purchases, director’s loans, changes in share capital or a new income stream, for example. We can talk through whether the micro-entities regime appears to suit your circumstances, explain what the preparation involves, and set out our clear, transparent pricing so you know what to expect before anything begins. Whether you are filing FRS 105 Micro Entity Accounts for the first time or moving from a different reporting framework, a brief conversation is the simplest way to establish where you stand and what needs doing next.

─── 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 a qualifying micro-entity prepares its annual financial statements, and it is intentionally far shorter and simpler than the standards used by larger companies. Accounts prepared under FRS 105 usually include a simplified balance sheet, a limited set of notes and a profit and loss account. It is an accounting framework, not a tax return.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Meeting the size criteria is part of the picture, but the regime also has its own rules and exclusions, so qualifying is not automatic just because a company is small. Certain entities are excluded regardless of size. If you are unsure whether your company fits, it is worth checking your specific circumstances rather than assuming.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available option, not a requirement. A qualifying company can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to prepare accounts under FRS 102 instead, often because they need a more detailed presentation, have particular transactions to disclose, or want consistency with prior years or with a group. The decision is a reporting choice, and it can be revisited.

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. These are the headline size conditions. Other eligibility rules and exclusions also apply, so meeting 2 of the 3 conditions does not by itself guarantee that a company can use the regime.

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 streamlined standard for the micro-entities regime and produces shorter accounts with fewer notes. FRS 102 is a fuller standard used by small and larger entities, with more measurement and disclosure requirements — for example around financial instruments, leases and fair value. The right choice depends on eligibility, what the accounts are used for, and whether the extra disclosure in FRS 102 is genuinely needed.

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

Yes — preparing accounts and filing them are two separate steps. Once the financial statements are prepared under FRS 105, the company still has to file accounts with Companies House by its own statutory deadline. Under the micro-entities regime, a qualifying company may be able to file a simpler set of accounts, and the profit and loss account does not have to be included in the filed copy. The filing obligation remains regardless of which framework is used.

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

Yes, they are separate. FRS 105 governs how the financial statements are prepared. A Corporation Tax Return, usually submitted as a CT600 to HMRC, deals with the company's taxable profits and is filed with HMRC rather than Companies House. The two are connected because the accounts inform the tax computation, but they are different documents, go to different bodies, and can have different deadlines. A Confirmation Statement is a further, separate Companies House filing.

What information is needed to prepare FRS 105 accounts?

Typically we need your bookkeeping or accounting records for the period, bank statements, details of sales and purchases, payroll information if you employ staff, and supporting documents for significant items such as equipment purchases, loans, director's loan account movements and share capital. Your year-end date and any changes in the business during the period are also useful. If your records are incomplete, we can talk through what is missing and how best to fill the gaps before preparation begins.