─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Nympsfield

FRS 105 Micro Entity Accounts give qualifying companies in Nympsfield a simpler, more streamlined way to prepare and present their annual financial statements. FRS 105 is the financial reporting standard that applies when a company qualifies for the UK micro-entities regime and chooses to use it, allowing for a shorter balance sheet, limited disclosure and a format that reflects the straightforward nature of many small trading businesses. Professional preparation means your accounts are built up from your own financial records — bank statements, invoices, expenses, payroll information and asset details — and presented in line with the requirements that apply to your company’s particular circumstances and accounting period. Eligibility for the micro-entities regime is not automatic. A company generally needs to meet at least two of the three applicable size conditions, and other rules and exclusions can affect whether the regime is available. We can help you review your position, confirm whether FRS 105 is appropriate for your company, and prepare FRS 105 Micro Entity Accounts that are consistent, well-organised and ready for the next stage of your company’s reporting.

🔥 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 Means for Micro-Entities in Nympsfield

FRS 105 is the UK financial reporting standard designed for the smallest companies — those that qualify for the micro-entities regime. In simple terms, it sets out how a qualifying company’s annual accounts should be put together when that regime is chosen, allowing a simplified balance sheet, a simpler profit and loss account and far less disclosure than larger companies have to provide. It sits alongside other UK standards such as FRS 102, which is used by companies that do not qualify for, or choose not to use, the micro-entities regime. The important point is that FRS 105 is a choice rather than an automatic label: a company must first qualify for the micro-entities regime, and then it can decide whether to apply it. FRS 105 applies when that regime is used. Because the rules involve size tests, exclusions and specific presentation requirements, many directors in Nympsfield prefer to have their FRS 105 Micro Entity Accounts prepared professionally so the figures, format and disclosures are handled correctly from the outset.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Two things must therefore line up: your company has to meet the qualifying conditions, and the directors have to decide that the micro-entities regime is the right framework for the accounts. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of the three 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 give a useful starting point, but they are not the whole picture. Other eligibility rules and exclusions apply, and certain companies may be prevented from using the regime regardless of their size. Meeting the thresholds alone does not guarantee eligibility, and a company that qualifies in one year may fall outside the regime in a later period if its figures grow. If you are based in Nympsfield and want certainty about your own position, we can review your circumstances against the current rules before any FRS 105 Micro Entity Accounts are prepared.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts well begins with good records. We work from your bookkeeping, bank and credit card statements, sales and purchase invoices, payroll data, loan and asset information, and any other supporting documents relevant to the period, then build a set of financial statements that reflects the company’s actual trading position under the FRS 105 framework. That includes preparing the balance sheet, profit and loss account and any notes required for the micro-entities regime, and making sure the figures reconcile to the underlying records. It is worth being clear about how the various obligations differ: FRS 105 accounts are the company’s statutory financial statements, filing them with Companies House is a separate step, and a Corporation Tax Return (CT600) is a distinct submission made to HMRC. Each has its own requirements, and the accounting figures feeding into them need to be consistent. We can support you with the accounts preparation and explain what is involved in the Companies House filing, while ensuring you understand where your Corporation Tax obligations sit separately.

ICAEW

ACCA

AAT

Need Help with Your FRS 105 Micro Entity Accounts in Nympsfield?

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, get in touch to talk through your requirements. It helps if you can tell us your company’s accounting period, its approximate turnover, balance sheet total and average number of employees, along with details of any subsidiaries, group relationships or unusual transactions. From there we can discuss whether FRS 105 is likely to be suitable, what information we will need to prepare the accounts, and how the preparation fits alongside your other filing responsibilities. There is no obligation — just a straightforward conversation about your circumstances and clear, transparent pricing for the work involved.

─── 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 allows qualifying companies to prepare simplified annual accounts, with a shorter balance sheet, a simpler profit and loss account and far fewer disclosures than standards such as FRS 102 require. It is an accounting framework rather than a tax regime, so it governs how the financial statements are presented rather than how much tax a company pays.

Who can use FRS 105 in Nympsfield and elsewhere in the UK?

FRS 105 is available to companies that qualify for the UK 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 two of three 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically confirm that the regime is available to a particular company.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime and choosing to use it are two separate things. A company that qualifies may still decide to prepare its accounts under a different standard, such as FRS 102 Section 1A. FRS 105 applies when the micro-entities regime is the chosen framework. The decision often comes down to the level of disclosure the directors want, the expectations of lenders or other users of the accounts, and how the business is structured.

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. FRS 105 is the most simplified option and is restricted to qualifying micro-entities, offering reduced disclosure and a streamlined presentation. FRS 102 is used more widely, including by small companies under Section 1A, and generally requires more detailed disclosures and additional accounting judgements. If a company no longer qualifies for the micro-entities regime, moving to FRS 102 is often the natural next step.

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

Preparing FRS 105 accounts and filing them with Companies House are related but distinct steps. The accounts are the statutory financial statements prepared under the chosen framework; filing is the separate act of submitting them to Companies House within the applicable deadline for the company's accounting period. We can prepare the accounts and explain what the filing process involves, but it is worth noting that Companies House does not approve, endorse or review accounts in advance of acceptance.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities regime and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate its Corporation Tax liability. The two are based on the same underlying accounting records, but they serve different purposes, go to different bodies, and have their own deadlines and requirements.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and the directors choose to apply it. In the first period, size conditions are assessed on the figures for that period, and for a company that has just started trading those figures are often modest. However, the qualifying conditions and any relevant exclusions still need to be checked, and a company that is part of a group or has certain other characteristics may not be eligible.

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

Typically we need bank and credit card statements covering the full accounting period, sales and purchase records, details of any loans or finance agreements, fixed asset and depreciation information, payroll or director remuneration details, stock or work-in-progress figures where relevant, and the previous year's accounts for comparison. Supporting documents for significant or unusual transactions are also helpful. Having these ready makes the preparation process smoother and reduces the number of queries raised along the way.

What changes are coming to micro-entity accounts filing?

Filing requirements and the formats accepted by Companies House continue to evolve, including the move towards digital, tagged accounts submissions. The underlying framework for FRS 105 Micro Entity Accounts remains the micro-entities regime, and the eligibility rules were updated for accounting periods beginning on or after 6 April 2025. Because practical filing requirements can change, it is sensible to confirm the current position for your accounting period before you file rather than relying on older guidance.