─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Mold

FRS 105 Micro Entity Accounts give qualifying companies in Mold a simpler, more streamlined way to prepare and present their annual financial statements. FRS 105 is the financial reporting framework that applies when a company qualifies for the UK micro-entities regime and chooses to apply it, allowing for a reduced set of disclosures and a more concise format than fuller reporting standards. Because eligibility depends on more than one factor, professional preparation starts with a proper review of your company’s circumstances — its size, its activities, and any rules or exclusions that might affect it — before the accounts are drawn up. If you run a small limited company in Mold and want your year-end figures presented clearly, consistently and in line with the reporting framework that applies to you, working with someone who prepares FRS 105 Micro Entity Accounts regularly can take the guesswork out of the process.

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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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   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.
  
 
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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: The Reporting Framework for Qualifying Micro-Entities in Mold

FRS 105 is one of the financial reporting standards used in the UK, and it sits alongside the micro-entities regime in company law. In plain terms, it is the rulebook that a qualifying micro-entity follows when preparing its annual accounts — setting out how the figures are measured and what has to be disclosed. It is deliberately simpler than FRS 102, the standard used by many larger or more complex companies: fewer notes are required, and certain fair value and revaluation options are not available. The important point is that FRS 105 is not automatic. A company first needs to qualify for the micro-entities regime, and then it must choose to apply that regime — FRS 105 is the standard that applies when that choice is made. Many owner-managed companies in Mold find the micro-entities regime attractive because it keeps the financial statements focused and easier to read, but the decision should always be based on whether the company actually qualifies and whether the regime suits its circumstances.

Who Can Use FRS 105 in the UK? Eligibility for Companies in Mold

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — it is not automatically available to every small or newly formed company. 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. Meeting those size conditions is an important part of the picture, but it is not the entire test. Other eligibility rules and exclusions can apply, and there are circumstances in which a company that looks small on paper may not be able to use the micro-entities regime. Alongside that, some companies that do qualify simply decide that a different framework better suits how they report — for example if they need to present information that FRS 105 does not permit. The sensible approach for a company in Mold is to review eligibility and suitability together before the accounts are prepared, rather than assuming the regime applies.

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 for Clear Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly means working from accurate financial records — your income, expenses, assets, liabilities and any other relevant information — and presenting them in the format the framework requires. That work sits separately from your other obligations. The financial statements are one thing; filing them at Companies House is another step again; and a Corporation Tax Return (CT600) is a distinct submission made to HMRC, based on the company’s tax position rather than on the accounts format itself. Keeping those strands clear helps avoid confusion about what is due, when, and to whom. A professional accountant can prepare your FRS 105 financial statements from the information you provide, apply the applicable reporting requirements to your circumstances, and explain what the figures show so you understand your company’s position rather than simply filing paperwork on your behalf. If your circumstances change — a growth in turnover, a new source of income, or a shift in structure — the preparation should reflect that, so the accounts remain a fair representation of the business.

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Get Help With Your FRS 105 Micro Entity Accounts in Mold

If you would like support with your FRS 105 Micro Entity Accounts, the next step is a straightforward conversation about your company. Tell us about your trading activity, your year-end date, how your records are kept, and whether you have already been preparing accounts under the micro-entities regime. That information lets us assess whether FRS 105 is likely to be the right framework for you and explain what we would need to get started. Whether you are a long-established business in Mold or a newer limited company approaching your first year end, we can talk through your options, answer your questions, and set out clear, transparent pricing before any work begins. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 a UK financial reporting standard designed for companies that qualify for the micro-entities regime and choose to apply it. It sets out how a micro-entity measures and presents the items in its annual financial statements, and it allows a much shorter set of disclosures than fuller standards. In practice, it produces simpler, more concise accounts that are easier for an owner-manager to read, while still following a defined accounting framework.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime and choosing to apply it are two separate things. If a company qualifies, it may use the micro-entities regime and therefore FRS 105 — but it is not obliged to. It could instead prepare accounts under a different framework, such as FRS 102 or the small companies regime. The choice usually comes down to what suits the company's circumstances, so it is worth reviewing before each set of accounts is prepared.

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. Meeting the size conditions is not the whole picture, however. Other eligibility rules and exclusions can apply, so the criteria should be checked against your specific company rather than assumed.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in complexity and in what they require. FRS 105 is the micro-entities standard: it is shorter, requires fewer disclosures, and does not offer certain fair value or revaluation options. FRS 102 is used by a much wider range of companies and involves more detailed recognition, measurement and disclosure requirements. For a very small company that qualifies for the micro-entities regime, FRS 105 often means less paperwork and clearer accounts — but it is not always the most suitable choice.

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

The accounts themselves are a Companies House filing matter for a limited company that is required to file annual accounts. The format and content depend on the framework used, so micro-entity accounts filed under FRS 105 will reflect that simpler presentation. Filing the accounts at Companies House is separate from dealing with HMRC, and it is also separate from filing a Confirmation Statement, which is a different requirement altogether.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities reporting framework. A CT600 is the Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than the format of the accounts. The accounts provide figures that are used in preparing the tax return, but preparing or filing one does not automatically take care of the other.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In the early stages many companies are comfortably within the size conditions, but eligibility still has to be assessed — qualifying is not automatic simply because a company is new or small. If you are approaching your first year end, it is worth reviewing your position in advance so the accounts are prepared on the right basis from the start.

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

Typically you would provide your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, a list of assets owned by the company, any loans or amounts owed, and information on stock or work in progress where relevant. Details of the company's year-end date and its previous accounts are also useful. The exact list depends on how your business operates, which is why a short conversation about your circumstances usually saves time later.