─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Molesey

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and it is designed to keep statutory accounts straightforward for the smallest companies. If your company is based in Molesey and you are weighing up whether FRS 105 Micro Entity Accounts suit your circumstances, professional preparation can help you work through the eligibility rules, the disclosure requirements and the practical steps involved. We look at your financial records, your company’s structure and the accounting framework you are entitled to use, then prepare financial statements that reflect your position accurately and consistently. Because eligibility depends on more than turnover alone, and because the micro-entities regime is a choice rather than an automatic right, the starting point is always a proper review of your company’s circumstances before any accounts are prepared.

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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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the simplest set of statutory accounts rules available to the smallest companies, and it sits alongside a wider UK framework that also includes FRS 102 (used by many small and medium-sized companies) and the reduced disclosure options that go with it. The micro-entities regime is an available accounting regime rather than an obligation: a company that qualifies may choose to apply it, and if it does, FRS 105 is the standard that governs how its financial statements are prepared. That typically means a shorter balance sheet, limited notes and a simpler profit and loss position, with the emphasis on the figures that matter most to a small owner-managed business. For a Molesey-based company trying to keep compliance costs sensible, understanding what FRS 105 Micro Entity Accounts actually involve — and where they differ from other frameworks — is the first step towards deciding whether the micro-entities regime is the right fit.

Who Can Use FRS 105 in the UK?

FRS 105 is aimed at companies in the UK that qualify for the micro-entities regime and then choose to apply it. Qualification is based on size, and 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. Those figures are a useful starting point, but they are not the whole test. The micro-entities regime also carries its own rules and exclusions, which can rule certain companies out even where the size conditions appear to be met, and there are additional considerations for groups, charities and companies preparing their first set of accounts. Meeting the thresholds therefore does not automatically guarantee eligibility, and it certainly does not oblige a company to use the regime. If you run a company in Molesey and think FRS 105 Micro Entity Accounts may be suitable, the sensible approach is to have your position reviewed properly before deciding which framework to apply.

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

FRS 105 Micro Entity Accounts are prepared from your company’s financial records and in line with the reporting requirements that apply to the micro-entities regime, so accuracy at the bookkeeping stage has a direct effect on the quality of the finished financial statements. We work through your records, confirm the figures that belong in the accounts and prepare the financial statements in the format the framework expects, with the supporting notes that are relevant to a micro-entity. It is worth being clear about the moving parts: preparing and filing your statutory accounts with Companies House is a separate exercise from your Corporation Tax obligations, and a Corporation Tax Return (CT600) is submitted to HMRC under its own rules and timescales. Good preparation keeps those threads distinct, so you know what is being filed, where, and on what basis. We focus on producing FRS 105 financial statements that are properly put together for your circumstances, and on explaining the judgements behind them rather than leaving you with a set of figures you cannot follow.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts, the best place to start is a conversation about your company. Tell us about your trading activity, how your records are kept, whether you are preparing accounts for the first time under the micro-entities regime, and any changes in your business that might affect how the accounts should be put together. From there we can review your circumstances, explain the options available to you and set out what information we need to prepare your FRS 105 financial statements. Whether you are a sole director building a Molesey-based business or a small company looking for clear, transparent pricing on straightforward accounts, get in touch and we will take it from there.

─── 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 sets out how qualifying companies that choose to apply the micro-entities regime should prepare their statutory financial statements, and it is the least complex of the UK accounting frameworks. It generally allows a simpler balance sheet, a simplified approach to the profit and loss account and far fewer notes than other standards, which is why it is popular with very small owner-managed companies.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 is intended for companies that both qualify for the micro-entities regime and choose to apply it. Qualifying is not the same as being required to use it — the regime is optional, and a company that qualifies may instead report under a different framework such as FRS 102. Alongside the size conditions, certain company types and activities are excluded from the regime, so eligibility needs to be checked against your specific circumstances rather than assumed from turnover alone.

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 meets the size conditions still has a choice: it can apply the micro-entities regime and prepare FRS 105 accounts, or it can prepare accounts under another framework such as FRS 102, for example where a lender, investor or group requires more detailed reporting. What matters is that the framework chosen is applied consistently and correctly.

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 these 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. Meeting the size conditions is not the whole picture, however. Additional rules and exclusions can apply depending on the type of company and what it does, so eligibility should always be confirmed before accounts are prepared under FRS 105.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are written for different sizes of company. FRS 105 is the micro-entities standard and is deliberately pared back, with a simpler balance sheet and minimal disclosure. FRS 102 is the standard used by many small and medium-sized companies and offers more detailed recognition, measurement and disclosure requirements. In practice, FRS 102 gives a fuller picture of the business, while FRS 105 prioritises simplicity — the right choice depends on your company's size, structure and who needs to see the accounts.

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

Yes. Preparing accounts under FRS 105 does not remove the need to file statutory accounts with Companies House; it simply changes the framework the accounts are prepared under. The filing obligation sits with the company, and the way accounts are delivered to Companies House has been moving towards digital, software-based filing for small and micro-entity accounts. Because filing methods and requirements can change, it is worth confirming the current position before you submit.

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

Yes, they are two distinct filings. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profit and calculate the tax due. They are based on the same underlying records and are intended to be consistent with each other, but they serve different purposes, go to different bodies and follow their own rules and deadlines.

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

We normally need your bookkeeping or accounting records for the period, bank statements, details of sales and purchases, payroll information if you employ staff, and records of any assets, loans, directors' transactions or stock. It also helps to know whether anything unusual happened during the period — a new loan, a significant purchase, a change in activity — and whether the accounts are for a first period or a continuation. The more complete the records, the more straightforward the preparation of your FRS 105 financial statements will be.