─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Northolt

FRS 105 Micro Entity Accounts provide the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. If your company is based in Northolt and you are weighing up this route, we can prepare your FRS 105 financial statements from the figures and records you provide, working through the format, presentation and limited disclosures that the micro-entities regime allows. Many directors find that professional preparation takes the guesswork out of the exercise, particularly around the simplified balance sheet and the short set of notes that micro-entity accounts typically include. Eligibility is not automatic, however. The size conditions, along with other rules and exclusions, need to be checked against your company’s own circumstances, so we look at those with you 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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   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 Micro-Entities

FRS 105 is the UK financial reporting standard for companies that qualify as micro-entities and choose to apply the micro-entities regime. In plain terms, it is the simplest set of accounts rules available to very small companies: it allows a shorter balance sheet, a much more limited set of notes, and simpler measurement of items than you would find under a fuller standard such as FRS 102. Qualifying companies are not forced into it — the micro-entities regime is an option, and FRS 105 applies when that option is taken. The FRS 105 financial statements are built from your accounting records and generally form the company’s statutory accounts for the year, which are then filed at Companies House. They are separate from your Corporation Tax position, which is dealt with through a CT600. If you run a small company in Northolt and want to understand whether FRS 105 Micro Entity Accounts are the right fit, the starting point is a straightforward look at your size and circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply that regime when preparing their statutory accounts. 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. Those figures are a starting point rather than the whole test. The regime is not open to every business — certain rules and exclusions apply, and some companies are prevented from using it regardless of their size. It also depends on a positive choice, because even a qualifying company can decide to report under a different framework. For directors in Northolt considering FRS 105 Micro Entity Accounts, the sensible approach is to check the conditions and exclusions against your own company’s circumstances, including its ownership structure and the nature of its activities, before settling on a framework for the year.

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.

Accurate, Professionally Prepared FRS 105 Micro Entity Accounts

Accurate financial reporting starts with good records. We prepare FRS 105 Micro Entity Accounts using the information and documentation you supply — bank statements, sales and purchase records, payroll details, asset purchases, and any loans or balances — and then present them in line with the reporting requirements that apply to the micro-entities regime. That covers preparing the financial statements themselves and, where you ask us to, handling the filing of those accounts with Companies House. It is worth being clear that this is not the same as your corporation tax obligations: a CT600 Corporation Tax Return is a separate submission made to HMRC, and the two should not be confused. We work carefully through the figures with you and explain the basis on which the accounts have been prepared, but no adviser can promise that a filing will be accepted without question, so our focus is on getting the detail right and keeping you informed at each stage.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Northolt

If you would like your FRS 105 Micro Entity Accounts prepared for you, the next step is a conversation. Tell us about your company — what it does, how it is structured, roughly how it trades and when its accounting period ends — and we can look at whether the micro-entities regime is likely to be available to you and what your options are. Send across your records and any questions you have, and we will explain what is needed from your side and how the process works in practice. There is no obligation, and no two companies are identical, so we will assess your circumstances before suggesting anything. Contact us to discuss your FRS 105 Micro Entity Accounts in Northolt.

─── 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 using the micro-entities regime. It sets out how micro-entity financial statements are measured and presented, allowing a simplified balance sheet and far fewer notes than a fuller standard such as FRS 102. It is an accounting framework rather than a tax regime, so it does not by itself determine how much corporation tax a company pays.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and choose to apply it. Qualification depends on the size conditions being met and on the company not being caught by other rules or exclusions. Meeting the size tests alone does not automatically guarantee eligibility, so the position has to be considered in light of your company's specific circumstances.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies may choose to apply it and prepare FRS 105 Micro Entity Accounts, or it may instead report under another framework such as FRS 102. Many small companies opt for FRS 105 because it is simpler and less disclosure-heavy, but that remains a decision for the directors, taken with appropriate advice.

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. These are size conditions only. Certain rules and exclusions can affect whether the regime is open to a company, so the criteria should be checked against your actual position rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 105 is written specifically for micro-entities and is deliberately streamlined: fewer notes, a shorter balance sheet and less complex measurement requirements. FRS 102 is a broader standard used by many small and medium-sized companies, with more disclosures and more areas calling for judgement, such as certain fair value and revaluation treatments. Which standard is appropriate depends on whether your company qualifies for and chooses the micro-entities regime.

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

Yes. A company that prepares FRS 105 Micro Entity Accounts as its statutory accounts still has a Companies House filing obligation, although micro-entity accounts can be filed in a simplified form. Preparing the accounts and filing them are two distinct steps, and we can help with either or both depending on what you need.

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

Yes. FRS 105 financial statements are the company's statutory accounts prepared under the micro-entities regime, while the CT600 is the Corporation Tax Return submitted to HMRC. They draw on overlapping information, but they are separate documents with different purposes, recipients and deadlines. Dealing with one does not automatically take care of the other, so both need to be planned for.

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

Typically we would ask for your accounting or bookkeeping records for the period, bank statements, details of sales and purchases, payroll information, records of assets bought or sold, any loan agreements and balances, and the previous year's accounts if they are available. The more complete the records, the smoother the process tends to be. If something is missing, we will let you know what to look for.