─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Mitcheldean

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — a simplified reporting framework available to companies that qualify as micro-entities and actively choose to apply it. For directors of small companies in Mitcheldean, FRS 105 can mean shorter, more straightforward accounts and a reduced set of disclosures compared with other reporting frameworks, but the rules still need to be applied correctly to your own figures. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your company’s actual financial records, that the balance sheet and any required notes are presented appropriately, and that the accounts are consistent with the framework’s requirements. Because eligibility depends on the size conditions and other rules and exclusions, we look at your circumstances before confirming that FRS 105 is suitable — it is never an automatic assumption simply because a company is small.

🔥 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for companies that qualify for the micro-entities regime — the smallest category of company recognised in UK company law. In plain terms, it gives qualifying companies a simpler way to prepare their annual accounts: a short balance sheet, a limited set of notes, and far fewer disclosure requirements than the larger reporting frameworks. The legal regime and the accounting standard work together — a company must first qualify for the micro-entities regime, and then choose to apply it, at which point FRS 105 becomes the framework used to prepare those financial statements. Choosing the regime is a decision, not an obligation, so some companies that could qualify still prepare accounts under a different framework. FRS 105 Micro Entity Accounts are typically used by owner-managed companies that want their annual reporting to be proportionate to the size and complexity of the business, while still giving a clear, honest picture of the company’s financial position at the year end.

Who Can Use FRS 105 in the UK? Eligibility for Micro-Entity Accounts

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, the size test is generally that a company must meet at least 2 of the following 3 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 during the period. Meeting two of those three conditions is the usual gateway, but it is not the whole picture — company law also contains other eligibility rules and exclusions, and certain companies are unable to use the regime regardless of their size. Qualifying is also a choice rather than an obligation, so a company that meets the criteria may still prepare its accounts under a different framework if that better suits its circumstances. If you run a company in Mitcheldean and are unsure where you stand, we can review your position and explain how it affects your FRS 105 Micro Entity 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

Our work on FRS 105 Micro Entity Accounts starts with your financial records. We use your bookkeeping, bank and ledger information, sales and purchase data, payroll details and asset records to build a balance sheet and any supporting notes that reflect what actually happened in your business during the accounting period. The accounts are then prepared with reference to FRS 105 and the disclosure requirements that apply to the micro-entities regime, so the reporting is presented in a way that is consistent with the framework rather than simply carried over from a template. It is worth being clear about how the different obligations sit alongside each other: preparing the financial statements is one exercise, filing the annual accounts at Companies House is a separate filing requirement, and a Corporation Tax Return (CT600) submitted to HMRC is separate again. We can help you understand which parts of the process apply to your Mitcheldean company and how they fit together, so nothing is prepared in isolation or overlooked.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Mitcheldean

If your company may qualify for the micro-entities regime — or you are already preparing accounts under it and would like the process handled carefully — get in touch to discuss your FRS 105 Micro Entity Accounts. Tell us about your company, your accounting period, the records you keep and what you are trying to achieve from your annual reporting. We will review your circumstances, explain whether FRS 105 looks appropriate for your business, and set out the information we would need to prepare the accounts. Clear, transparent pricing and a straightforward conversation about the work involved, both before and during the engagement, so you know exactly where you stand.

─── 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 provides a simplified basis for preparing annual accounts, with a short balance sheet, a limited set of notes and fewer disclosure requirements than the standards used by larger companies. It is the framework — the micro-entities regime itself is the legal category that determines which companies are entitled to use it.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the applicable size criteria and then choose to apply the micro-entities regime. Qualifying is not the same as being required to use it: a company that meets the conditions may instead prepare accounts under another framework, such as FRS 102, where that is appropriate. There are also other eligibility rules and exclusions in company law, so size alone does not automatically settle the question.

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 elect to apply it, and FRS 105 is the standard used once that election is made. Many qualifying companies choose FRS 105 because the reporting is proportionate to a small business, while others prefer a different framework for their own reasons.

What are the 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 following 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 two of the three is the usual starting point, but other rules and exclusions can apply, so eligibility should always be confirmed against the specific circumstances of the company and the accounting period in question.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the most simplified framework available to UK companies and is limited to those using the micro-entities regime. FRS 102 is a broader standard used by a much wider range of companies, and it allows or requires certain accounting treatments and disclosures that FRS 105 does not — for example, FRS 105 does not permit revaluation of assets or fair value accounting in the way some larger frameworks do. In practice, FRS 105 accounts are shorter and involve considerably less disclosure, which is why the framework appeals to very small, straightforward businesses.

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

Annual accounts, including micro-entity accounts, generally need to be filed at Companies House, although the exact obligations depend on the company's circumstances — for example, whether it is trading or dormant, and whether it is within its first accounting period. Filing the accounts is a separate exercise from preparing them and from submitting a Corporation Tax Return to HMRC, and the information required for each is not identical. We can help you understand how the filing obligation applies to your company.

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

Yes. FRS 105 relates to the accounting and financial reporting framework used to prepare your company's annual accounts. A CT600 is a Corporation Tax filing submitted to HMRC and deals with the company's tax position for the period. The figures in your accounts usually inform the tax return, but they are distinct documents serving different purposes.”,

What information is needed to prepare FRS 105 accounts?

Typically we would look for your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase records, payroll information, details of any assets owned by the company and how they are being treated, any loans or amounts owed to and by the company, and the previous year's accounts where available. The more complete and up to date your records are, the more straightforward the preparation process tends to be.

What changes are coming to micro-entity accounts filing?

Filing requirements for small and micro-entity companies are being reformed, with changes under the Economic Crime and Corporate Transparency Act being introduced in stages. The direction of travel is towards more information being submitted on the public record, which may mean that accounts previously filed in a very abbreviated form need to include additional detail. Because the practical requirements and timings are set by Companies House and can change, it is worth checking the current position for your accounting period rather than relying on how things were done a few years ago.