─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Oxshott: Clear Financial Reporting for Qualifying Companies
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Micro Entity Accounts Explained for Oxshott Companies
Who Can Use FRS 105 in the UK? FRS 105 Micro Entity Accounts for Oxshott Companies
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
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 Oxshott
Get Help with Your FRS 105 Micro Entity Accounts in Oxshott
─── 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.
FRS 105 is the UK financial reporting standard for qualifying micro-entities that choose to apply the micro-entities regime. It sets out how their financial statements should be prepared, with simpler requirements and reduced disclosures compared with standards such as FRS 102. It applies when the company qualifies and has chosen to use the micro-entities regime.
FRS 105 can be used by companies that qualify as micro-entities under the UK micro-entities regime and choose to apply it. Qualification depends on meeting the relevant size conditions and not being excluded by other rules. Meeting the size thresholds alone does not always mean a company can use FRS 105, so eligibility should be checked for the specific accounting period.
No. The micro-entities regime is an available accounting regime, not a compulsory one. A company that qualifies can choose whether to apply it. If it does, FRS 105 applies. If it does not, another suitable financial reporting framework, such as FRS 102, may be used instead.
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, 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 these conditions alone does not guarantee that a company can use the micro-entities regime.
FRS 105 is designed specifically for qualifying micro-entities and is simpler, with reduced disclosure requirements. FRS 102 is a broader financial reporting standard used by many small, medium and larger entities. A company that does not qualify for, or chooses not to use, the micro-entities regime may need to prepare accounts under FRS 102 or another applicable framework. The right choice depends on the company's circumstances.
Where a company prepares FRS 105 accounts, those accounts are generally the statutory financial statements intended for filing with Companies House, subject to the applicable filing requirements. Filing the accounts is a separate process from submitting a Corporation Tax Return (CT600) to HMRC. Companies should ensure both their accounts filing and tax obligations are dealt with correctly.
Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. They are related because the accounts provide financial information, but they are separate filings with different purposes and different recipients.
A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies do not automatically qualify, and the assessment depends on the company's circumstances, including its size and any applicable exclusions. It is worth checking eligibility before preparing the first set of accounts.