─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Merthyr Tydfil

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime — a simplified reporting framework available to companies that meet the qualifying conditions and choose to apply it. For directors in Merthyr Tydfil running a small limited company, FRS 105 can mean shorter, more straightforward accounts than a fuller reporting framework, with a balance sheet, limited notes and far fewer disclosures. Professional preparation helps make sure those accounts are put together appropriately for your company’s own circumstances, using the figures from your accounting records and reflecting the framework you have chosen. It also helps you keep the accounts themselves separate from your other obligations, such as your Corporation Tax Return (CT600) and your Confirmation Statement. Because eligibility depends on more than a quick glance at turnover, it is worth reviewing your position with someone who works with FRS 105 Micro Entity Accounts regularly.

🔥 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: What It Means for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is a stripped-back set of accounting rules: instead of the fuller measurement and disclosure requirements found in other standards, it keeps things simple, generally holding assets at cost and asking for only a small amount of supporting information alongside the balance sheet. FRS 105 sits alongside the UK micro-entities regime — the regime is the legal permission to report as a micro-entity, and FRS 105 is the accounting standard a company applies once it decides to use that permission. Choosing the regime is a decision, not an automatic outcome of being small. A qualifying company can choose to apply the micro-entities regime and prepare FRS 105 accounts, or it can report under a different framework such as FRS 102 Section 1A. If you are unsure which route suits your company in Merthyr Tydfil, the sensible first step is a straightforward conversation about your size, structure and who relies on your accounts.

Who Can Use FRS 105 in the UK? Eligibility and the Micro-Entities Regime

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility comes in two parts. The first is the size test: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. The second part is the rules around who can use the regime at all, which is where assumptions often go wrong: certain company types are excluded, and there are conditions about which periods are tested and how thresholds are applied. Meeting the size figures alone does not automatically guarantee eligibility, so a company that looks like a micro-entity on paper should still have its position checked. For directors in Merthyr Tydfil, the practical question is whether the micro-entities regime fits both your numbers and your plans — and whether you want the simplicity of FRS 105 or the wider disclosure of another framework.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records: bookkeeping, bank transactions, sales and purchase information, asset purchases, director’s loan movements and any stock or work in progress. From there, the accounts are built to reflect the micro-entities regime — a balance sheet prepared on the FRS 105 basis, together with the limited notes and statements the framework requires, and the supporting documentation a director needs to review and sign. This work is separate from your Corporation Tax position. The financial statements are prepared under the applicable accounting framework, while the Corporation Tax Return (CT600) is a distinct filing made to HMRC using figures adjusted for tax purposes; a Confirmation Statement is separate again. In Merthyr Tydfil, we can prepare the accounts, help you file them with Companies House where required, and keep the tax and confirmation filings clearly distinguished — so you know exactly what is being submitted, to whom, and why.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your company may qualify for the micro-entities regime, or you simply want to know whether FRS 105 is the right fit, get in touch and we will work through your circumstances with you. It helps to have a few things to hand: your latest set of accounts if you have one, details of your bookkeeping or accounting software, an idea of your turnover, balance sheet total and employee numbers, and a note of anything unusual that happened in the year, such as asset purchases, loans or changes in ownership. From there we can explain what preparing FRS 105 Micro Entity Accounts involves, how it fits with your other filing obligations, and how our clear, transparent pricing works. There is no obligation — just a useful conversation about where you stand and what happens 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 for micro-entities. It is the simplest of the UK accounting frameworks, designed for very small companies. It generally keeps assets at cost, avoids more complex measurement such as fair value or revaluation, and requires only a minimal set of notes to the accounts. Alongside a balance sheet, it sets out a small number of statements and disclosures that a micro-entity must include. FRS 105 only applies where 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 decide to apply it. Qualifying is about more than size alone: certain company types and circumstances are excluded, and the rules need to be checked against your specific situation. 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 figures does not automatically guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. If your company qualifies, you can choose to apply it — and FRS 105 is the standard you then use — or you can report under a different framework, such as FRS 102 Section 1A. Some directors prefer the fuller disclosures of another framework, for example because a lender, investor or group parent wants more detail. The choice is yours to make, and it is worth reviewing as your company grows.

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. On top of the size tests, other eligibility rules and exclusions apply — some types of company cannot use the regime at all, and there are rules about which periods and thresholds are tested. Because it is a two-of-three test with conditions attached, it is worth confirming your position rather than assuming it.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entity standard; FRS 102 is the wider UK standard for small and other entities, with Section 1A providing a small-entity option. FRS 105 is far more restrictive: assets are generally held at cost, there are very few accounting policy choices, and the disclosure requirements are minimal. FRS 102 Section 1A allows more flexibility, such as certain revaluations, and asks for more notes, including a fuller set of disclosures about accounting policies and transactions. In short, FRS 105 gives simpler accounts; FRS 102 gives greater flexibility and more transparency.

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

Yes. If your company is required to file statutory accounts, the FRS 105 accounts are the accounts that get filed with Companies House, within the statutory filing deadline that applies to your company. Filing accounts is a separate act from having them prepared. Under the micro-entities regime, the accounts filed are typically the balance sheet with limited notes, and filing arrangements are moving increasingly towards digital, software-based submission. It is worth checking the current requirements before you file.

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

Yes, they are completely separate. FRS 105 accounts are financial statements prepared under the micro-entities reporting framework and, where required, filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, using figures adjusted for tax purposes — for example, adding back disallowable expenses or claiming capital allowances. The accounts feed into the tax computation, but they are not the same document, they go to different bodies, and they follow different rules and deadlines. A Confirmation Statement is separate again.

What information is needed to prepare FRS 105 accounts?

Most of what is needed comes from your accounting records: bookkeeping or software data, bank statements, sales and purchase records, details of fixed assets bought or sold, stock or work in progress, director's loan movements, and any loan or hire purchase agreements. It also helps to know about changes in the year such as a new share issue, a change of address or a change in what the company does. If you have last year's accounts, that gives a useful starting point. Once we have the picture, we can confirm what is missing and how the accounts will be put together.