─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Middlesbrough

FRS 105 Micro Entity Accounts in Middlesbrough are prepared under the financial reporting framework that applies to companies qualifying for, and choosing to use, the UK micro-entities regime. FRS 105 is the standard that governs how those accounts are drawn up, presented and disclosed, so it is not simply a shorthand for “small company accounts”. Because the micro-entities regime is optional, eligibility needs to be checked against the applicable size conditions and the wider rules and exclusions before a decision is made. Professional preparation helps ensure the accounts reflect your company’s actual circumstances — its income, expenses, assets, liabilities and share capital — and that the figures are consistent with the underlying records. Your accountant can also confirm whether FRS 105 is the most appropriate basis, or whether the small companies regime under FRS 102 might suit you better. Accounts preparation is separate from Corporation Tax filing, and each needs to be handled on its own terms.

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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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 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: What the Micro-Entities Regime Means in Practice

FRS 105 is a UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime in company law, which is a simplified accounting framework available to companies that meet certain size conditions and are not excluded from using it. When a qualifying company chooses that regime, FRS 105 is the standard it applies when preparing its annual financial statements. In simple terms, FRS 105 keeps things lean: a straightforward balance sheet, limited notes and a restricted set of accounting options, with no revaluation or fair value accounting and no deferred tax. The trade-off is that the accounts give a simpler picture of the business than accounts prepared under FRS 102. If your Middlesbrough company is considering FRS 105 Micro Entity Accounts, the starting point is confirming whether you qualify and whether the regime genuinely fits how your business is run.

Who Can Use FRS 105 in the UK? The Micro-Entities Regime Explained

FRS 105 is intended for UK companies that qualify for the 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 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. However, size alone is not the whole test. Certain companies are excluded from the micro-entities regime — for example, some entities that are also excluded from the small companies regime — and there are additional rules covering group structures, parent and subsidiary relationships, and changes in size from one period to the next. That is why it is important to check eligibility properly rather than assume it. Qualifying for the micro-entities regime does not force you to use it, and many directors weigh up FRS 105 against FRS 102 Section 1A 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 Micro Entity Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records: bookkeeping, bank transactions, sales and purchase invoices, payroll information, asset purchases and any loans or director balances. From there, the figures are reviewed, adjustments are considered, and the financial statements are drawn up in the format the micro-entities regime requires, with the disclosures that apply to your circumstances. Where relevant, the accounts are then submitted to Companies House in line with the filing requirements for the period — a separate exercise from your Corporation Tax obligations. A CT600 is submitted to HMRC and deals with taxable profits, allowances and reliefs, while the accounts deal with financial reporting. Keeping the two aligned but distinct helps avoid inconsistencies. We prepare accounts based on the information you provide and the reporting requirements that apply, and we will tell you if something in your records needs clarifying before the accounts are finalised.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Middlesbrough

If you are unsure whether FRS 105 Micro Entity Accounts are right for your company, or you simply want the preparation and filing handled properly, get in touch and tell us about your business. It helps if you can share some background first: your company’s activities, its approximate turnover, balance sheet total and number of employees, whether it has any subsidiaries or unusual transactions, and what accounting basis you have used previously. We can then review your circumstances, explain the options clearly, and set out what information we need to prepare your accounts. Pricing is straightforward and transparent, with fixed-fee options available for the work involved. We will talk you through the process step by step, from initial records through to the finished FRS 105 financial statements and the separate filings that follow.

─── 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 micro-entity financial statements should be prepared, what accounting treatments are permitted and which disclosures are required. It is deliberately simpler than FRS 102, with a shorter, more restricted set of rules — for example, no revaluation of assets, no fair value accounting and no recognition of deferred tax.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the 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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically guarantee eligibility, and a company that qualifies is not obliged to use the regime.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A company that meets the size conditions can choose to prepare FRS 105 Micro Entity Accounts, but it may instead prepare accounts under the small companies regime using FRS 102 Section 1A. The right choice depends on the company's structure, transactions and what the directors want the accounts to show, and it is worth reviewing with an accountant before deciding.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for UK companies and contains a dedicated section for small companies, known as Section 1A. FRS 105 is the micro-entities standard. FRS 105 offers fewer accounting options and fewer disclosures, which makes it simpler and cheaper to prepare, but it also gives a more basic view of the business. FRS 102 Section 1A allows more flexibility — for instance around certain financial instruments and revaluation — which can matter for some companies.

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

Yes. Preparing micro-entity accounts under FRS 105 does not remove the requirement to file accounts with Companies House for the accounting period. What changes is the content and format of the accounts, which follow the micro-entity provisions. Filing accounts with Companies House is separate from your tax filings, and the information filed may differ from what you submit to HMRC for Corporation Tax purposes.

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 regime, and they are filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which calculates the company's taxable profits, allowances and reliefs. The accounts figures normally inform the tax return, but the two documents serve different purposes and go to different bodies.

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

Typically we need your accounting records for the period, bank and credit card statements, sales and purchase invoices, payroll information, details of any assets bought or sold, loan and hire purchase agreements, share capital information and any director's loan movements. If accounts were prepared previously, a copy of those helps, along with details of anything unusual that happened during the year. The clearer the records, the more straightforward the preparation tends to be.

Are the rules on filing micro-entity accounts changing?

There is ongoing reform at Companies House, including changes introduced under the Economic Crime and Corporate Transparency Act. These are expected to affect how small and micro-entity accounts are filed, with a move towards software-based filing and additional information such as profit and loss figures. Because the detail and timings can change, it is worth checking the current Companies House guidance or asking us what applies to your next set of accounts.