─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Nuthurst

FRS 105 provides the financial reporting framework for UK companies that qualify for the micro-entities regime and choose to apply it. If your company is based in or around Nuthurst, professionally prepared FRS 105 Micro Entity Accounts help you meet your reporting obligations with financial statements that genuinely reflect your circumstances. Eligibility is not automatic. 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 — and it must also fall within the wider rules of the micro-entities regime, since certain companies are excluded regardless of size. Preparing FRS 105 accounts also involves judgement: what is recognised, how balances are presented, and which notes are required all need to be considered carefully. Whether the accounts are used for Companies House filing, lender or bank enquiries, or simply to understand how the business is performing, accurate preparation makes the figures easier to rely on.

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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 the UK financial reporting standard written specifically for companies that qualify for the micro-entities regime and choose to use it. In plain terms, it is the simplest and least detailed of the UK accounting frameworks. It is built around historic cost, so assets are generally held at cost rather than revalued, and some of the more complex accounting and disclosure requirements found in larger frameworks do not apply. The trade-off is that the resulting financial statements are shorter and more streamlined. The regime is optional: a company that qualifies may apply it, but it does not have to. FRS 105 applies only when the micro-entities regime has actually been chosen for that accounting period, and the choice should be made deliberately, because it affects how the accounts are prepared and what appears on the public record. If your company is in or near Nuthurst and you are unsure whether the micro-entities regime is the right fit, a short review of your turnover, balance sheet and employee numbers — alongside any exclusions that might apply — will usually make the position clear.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it, so it is not open to every small business by default. Alongside the size conditions, the type of entity matters, and certain companies are excluded from the regime no matter how small their figures are. 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. Meeting those conditions is a starting point rather than a guarantee. The relevant rules, the wider eligibility criteria and any exclusions all need to be considered, and the decision to apply the regime is a choice the company makes for the period in question. For companies in and around Nuthurst, a straightforward review of your figures and structure will usually show whether FRS 105 Micro Entity Accounts are a realistic option, or whether a different framework is more appropriate.

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.

FRS 105 Micro Entity Accounts Prepared Professionally and Accurately

Well-prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank statements, invoices, payroll information and asset details to build a set of financial statements that follows the micro-entities regime as it applies to your company. That means considering what should be recognised, how the balance sheet is presented, and which of the limited disclosures under FRS 105 are relevant in your circumstances. The financial statements themselves are then prepared for your approval as the company’s directors, and filed with Companies House where a filing obligation applies. Corporation Tax is a separate matter: a CT600 is submitted to HMRC and is based on the company’s taxable profit, which is not the same calculation as the accounts. Keeping the two distinct avoids confusion and helps ensure that both the Companies House filing and the tax filing are dealt with on their own terms and on the correct information. We can prepare the accounts, explain what the figures show, and make clear which filing obligations sit where, so you know what is being submitted, to whom, and why.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Nuthurst

If you would like support with your FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps to have your latest trial balance or bookkeeping records, details of your fixed assets, payroll information, any relevant agreements or loans, and a copy of last year’s accounts if you have them. From there we can look at your turnover, balance sheet total and average employee numbers, consider whether any eligibility rules or exclusions affect you, and explain what preparing FRS 105 accounts would involve for your business. Whether you are filing for the first time, moving across from another accounting framework, or simply want a clearer picture of your numbers, we can talk through the options with clear, transparent pricing and no jargon.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It is a simplified, cost-based framework, which means the financial statements are shorter and less detailed than those prepared under larger standards. It sets out how the accounts should be drawn up — for example, how assets and liabilities are recognised and presented, and which limited disclosures are required.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualification is about both size and the type of entity, so meeting the size conditions alone does not guarantee that the regime is available. Certain companies are excluded regardless of how small they are. It is also a choice: a qualifying company may use the micro-entities regime, but it is not obliged to.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional accounting regime. A company that qualifies may apply it, but it can instead prepare its accounts under a different framework. Where the regime is chosen, FRS 105 is the standard that applies. Because the choice affects how the accounts look and what appears on the public record, it is worth considering deliberately rather than by default.

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 tests only. The wider rules of the regime and any exclusions also apply, so meeting two of the three conditions does not automatically mean a company qualifies.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller framework used by many small and medium-sized companies, with more recognition, measurement and disclosure requirements — including areas such as fair value adjustments, revaluations, deferred tax and more extensive notes. FRS 105 is the micro-entities standard: it is based on historic cost, is more limited in scope, and produces shorter accounts. In simple terms, FRS 105 is the lighter option, available only where the micro-entities regime is available and chosen.

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

Where a company is required to file annual accounts, those accounts must be delivered to Companies House, and micro-entity companies generally file a simpler set. The format and method of filing are subject to Companies House requirements, which are changing over time. Filing the accounts is a separate exercise from calculating and submitting Corporation Tax, which goes to HMRC rather than Companies House.

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

Yes. 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, based on the company's taxable profits after any adjustments, allowances or reliefs. The two are connected in that the accounts inform the tax computation, but they are different documents prepared for different purposes and filed with different bodies.

What is changing about how micro-entity accounts are filed?

Companies House has been moving towards software-based filing of accounts, with the intention that accounts be filed in a structured, digital format rather than as a simple document upload. The changes are being introduced in phases. If you currently file your own accounts, it is worth checking the current Companies House requirements before your next filing so that you use an accepted method, and we can explain what that means for your FRS 105 Micro Entity Accounts.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 for its first accounting period if it meets the applicable size conditions and is not excluded from the regime. First periods can be longer than twelve months and may involve limited activity, so the size assessment and the basis of preparation should be looked at carefully. Taking advice early helps avoid preparing the first set of accounts on the wrong footing.