─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Mildenhall
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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
Micro entity accounts submitted
Verified Google reviews
Typical Filing Turnaround
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.
─── FRS 105 EXPLAINED
FRS 105 Micro Entity Accounts Explained
Who Can Use FRS 105 Micro Entity Accounts in the UK? A Guide for Mildenhall Companies
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
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.
Professional FRS 105 Micro Entity Accounts Preparation in Mildenhall
Get Help with Your FRS 105 Micro Entity Accounts in Mildenhall
─── 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.
FRS 105 is the UK financial reporting standard for companies that qualify as micro-entities and choose to apply the micro-entities regime. It allows a simpler approach to recognition and measurement and reduced disclosures compared with larger reporting frameworks, while still producing financial statements such as a balance sheet, profit and loss account and supporting notes. It is an accounting framework, not a Corporation Tax Return.
FRS 105 can be used by 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 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. Other eligibility rules and exclusions can apply, so meeting these size tests does not automatically mean a company qualifies.
No. Qualifying companies may choose the micro-entities regime, but it is not compulsory. If a company qualifies and chooses that regime, FRS 105 applies to its accounts. If it does not choose the regime, or does not qualify, it would generally use another applicable framework, such as FRS 102, depending on its circumstances.
FRS 105 is a simpler framework designed for qualifying micro-entities that choose the micro-entities regime. It has reduced disclosure requirements and a more straightforward approach to recognising and measuring items. FRS 102 is a broader UK GAAP framework used by many small, medium and larger entities, with more detailed recognition, measurement and disclosure requirements. The right framework depends on eligibility and the company's choice.
Yes, companies generally must prepare and file annual accounts with Companies House. Where a company qualifies and chooses the micro-entities regime, those accounts are prepared under FRS 105 and can be filed using the applicable micro-entity filing options. Filing accounts with Companies House is separate from filing a Corporation Tax Return (CT600) with HMRC. Deadlines and requirements depend on the company's circumstances.
Yes. FRS 105 accounts are the company's financial statements prepared under the micro-entities regime for Companies House and internal reporting. A CT600 is a separate Corporation Tax filing submitted to HMRC. The figures in the accounts often inform the tax return, but the two are distinct obligations with different purposes and deadlines.
A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility is assessed under the relevant rules, and a first accounting period can have particular considerations, so it is worth reviewing the company's circumstances before deciding. Meeting the size tests does not automatically guarantee eligibility because other rules and exclusions can apply.
Typically, we need the company's financial records for the accounting period, such as bank statements, sales invoices, purchase receipts, payroll information, loan or finance agreements, asset and liability details, and any previous accounts or trial balance. We may also ask about the company's activities and ownership to help assess whether the micro-entities regime may be appropriate. Providing complete records helps the accounts preparation process run more smoothly.