─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Montpelier

FRS 105 Micro Entity Accounts in Montpelier are prepared under the financial reporting framework that applies to qualifying micro-entities which have chosen to apply the UK micro-entities regime. FRS 105 sits within the micro-entities regime and sets out how the financial statements of a qualifying company should be drawn up, including the form of the balance sheet, the notes that are required and the disclosures that are not. Whether a company qualifies depends on it meeting the applicable size conditions and not falling within any of the relevant exclusions, so eligibility is never automatic simply because a business is small. Professional preparation of FRS 105 Micro Entity Accounts helps ensure the figures are drawn from the company’s own accounting records, that the framework has been applied consistently, and that the resulting accounts reflect the company’s particular circumstances rather than a generic template. It also helps separate the accounting and Companies House filing process from the company’s separate Corporation Tax obligations, so each element is dealt with on its own terms.

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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: What the Micro-Entities Regime Means for Your Company

FRS 105 is one of the UK financial reporting standards, and it exists specifically for companies that qualify for, and choose to use, the micro-entities regime. In plain terms, it is the rulebook that tells a qualifying micro-entity how to present its annual financial statements — what the balance sheet should look like, what must be disclosed in the notes, and what can be left out. Because the regime is designed around the smallest companies, FRS 105 is deliberately simpler than the fuller standards available to larger businesses, and it can reduce the amount of disclosure required compared with FRS 102. The important point is that the micro-entities regime is a choice available to companies that meet the relevant criteria; it is not something that applies to every small company automatically, and FRS 105 applies when that regime is the one chosen. If you run a company in Montpelier and you are unsure which framework fits your circumstances, looking at your turnover, balance sheet total and employee numbers, alongside any applicable exclusions, is the sensible starting point before deciding.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and decide to apply it. Two things have to line up: you must meet the eligibility conditions, and you must choose to use the regime — a company can be eligible and still opt to prepare its accounts under a different framework. The size conditions are the usual starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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 test is not the end of the assessment, however. Other eligibility rules and exclusions can apply, and certain companies are unable to use the micro-entities regime regardless of their size. This means a company in Montpelier that comfortably falls below all three thresholds may still need to look more closely at its structure, activities and filing history before concluding that FRS 105 applies. If you are weighing up whether FRS 105 Micro Entity Accounts are the right route for your company, reviewing your figures for the correct period alongside those wider rules is the most reliable way to reach a sensible answer.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your bookkeeping: the sales, purchases, expenses, assets, liabilities and any director’s loan movements that make up your financial records. From those records the financial statements are built — typically a balance sheet with the required notes — and presented in the form the micro-entities regime expects. It is worth being clear that two separate things are happening here. The first is the preparation of the financial statements and their filing with Companies House as the company’s annual accounts. The second is Corporation Tax, which is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC. One does not automatically produce the other, and neither should be confused with a Confirmation Statement, which is a different filing altogether. Working with an accounting professional on your FRS 105 Micro Entity Accounts means the framework is applied to your actual figures, the position is reviewed in the light of your circumstances, and any questions about the accounts or the wider filing picture can be answered before deadlines become a problem.

ICAEW

ACCA

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

If you would like help with your FRS 105 Micro Entity Accounts in Montpelier, the next step is a straightforward conversation. Tell us about your company — what it does, how long it has been trading, and roughly where it sits on turnover, balance sheet total and employee numbers — and share your records, such as your bookkeeping, bank statements, invoices and details of any assets or loans. From there we can look at whether the micro-entities regime is likely to be appropriate for you, explain what applying FRS 105 would mean for your financial statements, and set out how the work would be handled alongside your other filing responsibilities. If you would prefer to send a short summary by email first and arrange a call afterwards, that works just as well. Clear, transparent pricing and a practical approach are part of the service.

─── 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 which qualify for the micro-entities regime and choose to apply it. It sets out how those companies prepare their annual financial statements, including the format of the balance sheet and the notes that are required, and it is deliberately lighter in its disclosure requirements than the fuller standards used by larger companies. In short, FRS 105 is the accounting framework for the smallest companies that opt into the micro-entities regime.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and have chosen to apply it. Qualification is based on the size conditions for the period in question, together with the relevant rules and exclusions — for example, certain types of company are not eligible regardless of size. Meeting the size conditions is part of the picture rather than the whole answer, so it is always worth checking your specific circumstances before assuming FRS 105 is available to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option rather than an obligation. A company that qualifies for the regime may choose to apply it, in which case FRS 105 is the framework used for its financial statements. A qualifying company can also choose to prepare its accounts under a different framework such as FRS 102 if that better suits its circumstances, although that generally means more disclosure and more detailed reporting.

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 the 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. These conditions sit alongside the relevant rules and exclusions, so satisfying 2 of the 3 thresholds does not, on its own, guarantee that the micro-entities regime is available. Thresholds have changed over time, so it is important to apply the figures for the correct period.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company and they differ in how much detail they require. FRS 105 is designed for qualifying micro-entities and is the more streamlined of the two, with fewer disclosures and a simpler presentation. FRS 102 is the standard used by many larger or otherwise ineligible companies and involves a broader range of accounting treatments and disclosure requirements. The framework that applies to you follows from whether you qualify for and choose the micro-entities regime.

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

Yes — where a company has chosen the micro-entities regime and prepares FRS 105 financial statements, those accounts form the company's annual accounts and are filed at Companies House. The content of what you file depends on the framework used and the filing options available to the company. Filing the accounts at Companies House is a separate exercise from submitting a Corporation Tax Return to HMRC, even though both draw on the same underlying figures.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes, they are separate requirements. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate what tax is due. The accounts usually provide a starting point for the tax computation, but the two documents serve different purposes, go to different authorities, and should not be treated as interchangeable. A Confirmation Statement is a further, separate filing.

What information is needed to prepare FRS 105 accounts?

You will typically need up-to-date bookkeeping covering income and expenses for the period, bank statements and reconciliations, details of any assets owned by the company and any borrowings, records of amounts owed to or by the company, and information about director's loans or other balances. Details of share capital and the company's registration information are also useful. Having those records organised in advance makes it easier to prepare accurate FRS 105 Micro Entity Accounts and to answer any questions that arise along the way.