─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Nairn

If you run a small limited company in Nairn and want the simplest possible set of statutory accounts, FRS 105 Micro Entity Accounts may be the right fit. FRS 105 is the financial reporting framework that applies when a qualifying company chooses to apply the UK micro-entities regime, and it is designed to keep financial statements short, clear and proportionate to the size of the business. Professional preparation helps ensure your accounts are put together appropriately for your company’s particular circumstances, using the figures from your records and reflecting the framework you have chosen. We work with directors across Nairn and the wider Highlands to prepare FRS 105 Micro Entity Accounts that are accurate, tidy and ready for the next stage of your company’s reporting and filing requirements.

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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 Micro-Entities Reporting Framework

FRS 105 is the UK accounting standard that sets out how a micro-entity prepares its annual financial statements. In simple terms, it is the lightest-touch reporting framework available under UK GAAP, and it sits alongside the micro-entities regime that small companies can choose to adopt. The two go together: where a company qualifies for the micro-entities regime and decides to apply it, FRS 105 is the standard used to draw up the accounts. That normally means a straightforward balance sheet, a small set of notes and far less disclosure than you would see under a fuller framework — but the numbers still have to be correct and the presentation still has to follow the standard. FRS 105 financial statements are not the same thing as a Corporation Tax Return, a Confirmation Statement or other company filings; they are the statutory accounts themselves. Choosing the regime is a decision for the directors, based on the company’s eligibility and what best suits its circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and decide to apply it. Eligibility is based on size conditions, and for accounting periods beginning on or after 6 April 2025 a company generally needs to 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. Meeting those thresholds is a starting point rather than the whole picture. Other eligibility rules and exclusions apply to particular types of company and to certain circumstances, and in some cases a company that meets the size tests may still not be permitted to use the regime. There is also a difference between being eligible and choosing to apply the regime — FRS 105 applies when the micro-entities regime is actually chosen. If you are unsure where your Nairn company stands, a short review of your position is usually the quickest way to find out.

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

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, invoices, expenses, fixed assets and any relevant supporting documents. From those records, the accounts are built in line with the requirements of FRS 105 and the company’s own facts and circumstances, so that the balance sheet, the notes and the figures presented are consistent and well supported. It is important to keep the different obligations separate: the FRS 105 financial statements are the company’s statutory accounts prepared under the micro-entities regime, while the Corporation Tax Return (CT600) is a separate filing submitted to HMRC, and the Confirmation Statement is another separate Companies House requirement. As part of the process, accounts are typically finalised and then filed at Companies House in the form permitted for the company. No preparation service can promise a particular filing outcome, but careful, well-documented work gives you a set of accounts that properly reflects your position.

ICAEW

ACCA

AAT

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

Whether you are filing FRS 105 Micro Entity Accounts for the first time or want a more reliable, better-organised process, the next step is a conversation. Tell us about your company — its trading activity, how long it has been running, your records and how you currently keep them — and share the information we need to assess whether the micro-entities regime is likely to suit you. We will explain what is involved, what we need from you, and how the accounts, Companies House filing and separate Corporation Tax obligations fit together. Get in touch with the team to discuss FRS 105 Micro Entity Accounts in Nairn and what your company needs.

─── 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 a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, allowing a simplified balance sheet and a limited set of notes compared with fuller frameworks. It is a reporting framework for the accounts themselves, not a tax return or a company filing in its own right.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 Micro Entity Accounts are available to companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility depends on meeting the applicable size conditions and on the company not being excluded by other rules — for example, certain types of entity are not permitted to use the regime. Qualifying is one thing; deciding to apply the regime is a separate choice made by the directors.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available framework rather than an automatic one. A company that qualifies for it may choose to apply the regime and prepare FRS 105 accounts, or it may instead prepare accounts under a fuller framework such as FRS 102. The right answer depends on the company's circumstances, its stakeholders and what the directors need from the accounts.

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 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. These are the size conditions, and other eligibility rules and exclusions can still apply, so meeting the thresholds alone does not guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard: highly simplified, with minimal disclosure and a focus on a short balance sheet and supporting notes. FRS 102 is the standard used by many larger small companies and includes considerably more recognition, measurement and disclosure requirements. Moving between the two is possible, but it is a decision that should be reviewed carefully as a company grows.

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

Yes — a company's annual accounts, including accounts prepared under FRS 105, are normally filed at Companies House. Micro-entity accounts can be delivered in the simplified form permitted for the regime rather than as a full set of financial statements. The filing sits alongside, but is separate from, the company's Corporation Tax obligations and its Confirmation Statement.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime, while the CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The figures in the two documents are related, but the preparation, the submission route and the receiving body are different.

What information is needed to prepare FRS 105 accounts?

Typical requirements include your bookkeeping records or accounting software access, bank statements, sales and purchase records, details of expenses, any fixed assets and relevant agreements or loans, plus information on share capital and directors' loans. Where a company is new or has had a quiet period, the records needed may be simpler. Having a complete and organised set of records is the biggest factor in producing FRS 105 accounts efficiently and accurately.