─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Monmouth
- 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
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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.
─── FRS 105 EXPLAINED
FRS 105 Explained: The Reporting Framework for Qualifying Micro-Entities
Who Can Use FRS 105 in the UK?
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.
Professionally Prepared FRS 105 Micro Entity Accounts with Accurate Financial Reporting
Talk to Us About Your FRS 105 Micro Entity Accounts in Monmouth
─── 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 that applies to companies using the micro-entities regime. It is a simplified framework, built around the company's actual transactions and records, and it requires far less disclosure than the fuller standards used by larger companies. For a qualifying company that chooses the micro-entities regime, FRS 105 is the standard its annual accounts are prepared under.
FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification depends on meeting the applicable size conditions and on not falling within any of the relevant exclusions. Meeting the size tests alone does not automatically mean a company is eligible, so the position should be checked against the specific rules for the accounting period in question.
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 rules and exclusions can also affect eligibility, so the criteria should be considered in full rather than in isolation.
No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies can choose to use it, in which case FRS 105 applies, or it can prepare its accounts under a different framework if that better suits its circumstances. Once a framework is chosen, it should be applied consistently and any change considered carefully.
Both are UK accounting standards, but FRS 105 is the more streamlined of the two. FRS 105 keeps things simple by avoiding certain measurement approaches and by requiring much less disclosure, which suits the smallest qualifying companies. FRS 102, including the reduced disclosure options available to smaller entities, allows for more measurement flexibility and generally involves more extensive notes to the accounts.
Where a company is required to file annual accounts, micro-entity accounts prepared under FRS 105 can be filed with Companies House. Filing the accounts is a separate obligation from dealing with Corporation Tax. The accounts and the Company Tax Return (CT600) are different documents with different purposes, even though they draw on the same underlying financial information.
Yes. A CT600 is a Corporation Tax filing submitted to HMRC, whereas FRS 105 accounts are financial statements prepared under the micro-entities reporting framework and, where required, filed with Companies House. The accounts often provide the starting point for the tax computation, but preparing accounts and preparing a tax return are distinct pieces of work.
A newly incorporated company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies sometimes need particular care, for example around their first accounting period, any group relationships, or the type of activities they carry on, so eligibility should be reviewed rather than assumed.
Typically we would look for complete bookkeeping or accounting records, bank and credit card statements, sales and purchase documentation, payroll and employment information, details of any assets and liabilities, and the previous year's accounts where relevant. Having clear, up-to-date records makes the preparation of FRS 105 Micro Entity Accounts in Monmouth much more straightforward and reduces the number of queries along the way.