─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Northwood

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, the simplest accounting framework available to qualifying UK companies. If your company meets the eligibility conditions and chooses to apply that regime, FRS 105 sets out how the accounts should be drawn up, including the reduced disclosure requirements that go with it. For directors in Northwood running a small limited company, the appeal is straightforward: shorter, clearer accounts that still tell the true story of the business. Professional preparation helps ensure the figures are put together appropriately for your company’s own circumstances, that the presentation matches the framework you have chosen, and that the accounts are ready for the relevant filing and tax work that follows. Eligibility is not automatic, and the regime is a choice rather than a default, so it is worth reviewing your position before the accounts are finalised.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 It Is and Why It Matters for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook you follow when preparing accounts under the micro-entities regime, which is a simplified accounting framework for the smallest companies. If a company qualifies for the regime and its directors choose to apply it, FRS 105 applies to the accounts for that period. The main idea is reduction: fewer disclosures, simpler measurement rules, and a format that keeps the accounts proportionate to the size and complexity of a micro-entity. It does not mean the accounts are optional or that anything goes, it simply means the reporting requirements are scaled down. For a Northwood company weighing up FRS 105 Micro Entity Accounts, the practical questions are whether the company qualifies, whether the regime suits how the business is run, and whether the resulting accounts give the directors, lenders and other readers the information they need.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. 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. Meeting those size tests is an important part of the picture, but it is not the whole picture. Other eligibility rules and exclusions can apply, and certain companies are not able to use the regime regardless of their size. On top of that, qualifying companies are not obliged to adopt it, so the decision is a choice that should reflect how the company is structured, who reads its accounts and what it plans to do next. If you run a company in Northwood and want to know where you stand, it is worth reviewing your position before the accounts are prepared rather than assuming FRS 105 Micro Entity Accounts automatically 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 in Northwood

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records: the bookkeeping, bank transactions, sales and purchase information, payroll data and asset details that sit behind the numbers. From there, the accounts are built to reflect your company’s actual position and performance, using the presentation and disclosure requirements that apply under the micro-entities regime. It helps to keep three things clearly separate. The first is the preparation of the financial statements themselves. The second is the filing of those accounts with Companies House, which is a companies law obligation. The third is Corporation Tax, which is handled through a separate return submitted to HMRC and supported by tax computations. Doing one well does not automatically take care of the others, and the figures need to be consistent across all three. Working with an accountant on your FRS 105 Micro Entity Accounts in Northwood gives you a second pair of eyes on the treatment of items, the overall presentation and the information you will need for filing and tax purposes.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Northwood

If you are a director of a Northwood company wondering whether the micro-entities regime is the right fit, or you simply want your FRS 105 Micro Entity Accounts prepared accurately and on time, get in touch to talk it through. Tell us about your company, your accounting period, how you keep your records and what you need the accounts for, whether that is a Companies House filing, a mortgage or finance application, or your own decision-making. With that information we can look at your circumstances, confirm whether the regime appears to apply to you, and explain what is involved in preparing your accounts. Clear, transparent pricing and a straightforward conversation about next steps, with no obligation to proceed.

─── 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 is the most simplified set of accounting rules available to UK companies, with reduced disclosure requirements and measurement rules designed to keep the accounts proportionate to a very small business. It is a reporting framework for the financial statements, not a tax regime or a filing service.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not the same as being required to use it, and meeting the size tests alone does not settle the question, because other eligibility rules and exclusions can also apply. A company that qualifies may instead prepare accounts under a different framework if that better suits its circumstances.

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 the headline tests, and other rules and exclusions can affect whether a particular company qualifies. Earlier accounting periods were assessed against different thresholds, so the period start date matters.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a compulsory one. A company that qualifies may choose to apply it, in which case FRS 105 governs the accounts, or it may decide that a different framework is more appropriate. The decision is usually worth revisiting if the business changes, for example if it takes on investment, grants share options or grows towards the size limits.

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 narrower, with fewer disclosures and simpler measurement rules. FRS 102 is the standard generally used by small and larger entities and covers areas such as fair value accounting and deferred tax that FRS 105 does not. The framework you use affects what appears in your accounts and how items are measured, so the choice should be made deliberately.

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

The accounts a company prepares for its members are also normally filed at Companies House, and micro-entity accounts filed under FRS 105 benefit from reduced disclosure at Companies House. Filing the accounts is a separate obligation from filing a Corporation Tax Return, even though both are built on the same underlying figures. Companies House has been phasing in changes to how small and micro-entity accounts are filed, so it is worth checking the current requirements before you submit.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC, supported by tax computations that adjust the accounting profit for tax purposes. The two should be consistent with each other, but preparing one does not automatically complete the other, and they are filed with different bodies.

What information is needed to prepare FRS 105 accounts?

In practice, most of the work starts with a complete set of records for the period: a trial balance or bookkeeping data, bank statements, sales and purchase records, payroll information, details of any assets bought or sold, loan and lease agreements, and the previous year's accounts. It also helps to know what the accounts are needed for, whether that is a Companies House filing, a finance application or internal reporting, because that can affect presentation choices.

What changes are coming to micro-entity accounts filing?

Companies House has been introducing reforms under the Economic Crime and Corporate Transparency Act, which affect how accounts are filed and what information small and micro-entity accounts may need to include, with a move towards filing in software and more detailed information being required. The changes are being brought in over time, so the exact requirements depend on when your accounting period falls. It is sensible to confirm the position for your filing date before you prepare and submit.