─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Oxted
- 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 Explained for Oxted Micro-Entities
Who Can Use FRS 105 in the UK? Guidance for Oxted 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.
Professional Preparation of FRS 105 Micro Entity Accounts in Oxted
Discuss Your FRS 105 Micro Entity Accounts with Us in Oxted
─── 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 companies that choose to apply the micro-entities regime. It sets out how micro-entity financial statements are prepared and presented. It is an accounting framework, not a tax return. A company using the regime prepares its annual accounts under FRS 105 rather than under a larger-company standard such as FRS 102.
FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it. Qualification depends on meeting the applicable size conditions and not being excluded by other rules. It is not available simply because a company is small or newly formed. The company must also decide to use the regime for the relevant accounts.
No. A qualifying company can choose whether to apply the micro-entities regime. If it chooses the regime, FRS 105 applies. If it does not, it may prepare accounts under another applicable framework, such as FRS 102, depending on its circumstances. The choice should be considered carefully because it affects the accounts and disclosures.
For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions, subject to relevant rules and exclusions: 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. Meeting these size conditions does not automatically guarantee eligibility, because other rules and exclusions can apply and professional advice may be needed.
FRS 105 is the micro-entities standard, designed for qualifying companies that choose the micro-entities regime. FRS 102 is a broader UK accounting standard used by many other companies. FRS 105 generally allows simpler financial statements and fewer disclosures, while FRS 102 has wider recognition and measurement requirements and more extensive disclosure. The right framework depends on eligibility and the company's circumstances.
Where a company is required to file annual accounts with Companies House, those accounts may be prepared under FRS 105 if the company qualifies and has chosen the micro-entities regime. Filing accounts with Companies House is a separate requirement from filing a Corporation Tax Return with HMRC. The company remains responsible for meeting its filing obligations, and the exact position depends on its circumstances.
Yes. FRS 105 Micro Entity Accounts are the annual financial statements prepared under the micro-entities accounting framework. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and tax position. The accounts often provide information used in preparing the tax return, but they are different documents with different purposes and deadlines.
A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Newly incorporated companies are not automatically eligible, and the size conditions and other rules still need to be considered for the relevant accounting period. It is worth checking the position early so the first set of accounts is prepared on the right basis.