─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pevensey

FRS 105 Micro Entity Accounts in Pevensey are prepared under the financial reporting framework that applies to companies choosing the UK micro-entities regime. FRS 105 sets out how a qualifying micro-entity recognises, measures and presents its assets, liabilities, income and expenses, and what it discloses in its financial statements. Because the regime is optional and eligibility depends on a company’s size and its wider circumstances, professional preparation helps to confirm whether the framework is the right fit, that the figures are drawn accurately from the underlying records, and that the accounts are presented consistently from one year to the next. Whether you are filing for the first time, have reviewed your framework as the business has grown, or simply want your existing accounts checked, the focus stays on producing clear, well-presented FRS 105 financial statements for your Pevensey company.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies within the UK company size framework. It works alongside the micro-entities regime, which allows companies that qualify to prepare simpler accounts with reduced disclosure than larger standards require. Put simply, if your company qualifies for the micro-entities regime and you choose to apply it, FRS 105 is the standard you use to prepare your annual financial statements. It stays deliberately straightforward: the standard is built on the recognition and measurement approach of FRS 102 but with far fewer notes and a more compact presentation, which is why it suits owner-managed companies in Pevensey and similar businesses that want accounts proportionate to their size. The important point is that nothing happens automatically — qualifying is one step, choosing the regime is another — and the accounts still need to reflect the company’s actual transactions, assets and liabilities accurately and consistently.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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 size conditions, however, is not the only consideration — other eligibility rules and exclusions can apply, and certain companies are not able to use the micro-entities regime regardless of their size. Eligibility therefore needs to be considered alongside the company’s structure, activities and reporting history. If your Pevensey company appears to qualify, the next question is whether applying FRS 105 is the right choice for you, and that is a decision worth taking with proper advice rather than assuming it applies automatically.

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.

Carefully Prepared FRS 105 Micro Entity Accounts for Pevensey Companies

Preparing FRS 105 Micro Entity Accounts starts with your financial records: bookkeeping, bank and card statements, sales and purchase invoices, payroll information, details of assets bought or sold, and any loans or director’s balances. Those records are then used to build the financial statements — typically a balance sheet, a profit and loss account where required, and the limited notes the micro-entities regime calls for — before the accounts are finalised for the company’s members and, where relevant, filed at Companies House. It is worth keeping two things separate in your mind: the accounts themselves are a financial reporting exercise, while a Corporation Tax Return (CT600) is a separate submission to HMRC that takes the figures from those accounts as its starting point but includes its own adjustments. Working with an accountant means the numbers are checked against the underlying records, the presentation follows the applicable reporting requirements, and any questions about the accounts are answered before they are signed off.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Pevensey

If you would like help with FRS 105 Micro Entity Accounts in Pevensey, get in touch and we can talk through your company’s position. It helps to have your latest accounts or draft figures, a summary of your income and expenses for the period, details of any assets, loans or director balances, and your filing deadlines to hand. From there we can discuss whether the micro-entities regime is the right fit for your circumstances, what the accounts will include, and what information is still needed to complete them. Pricing is clear and transparent, agreed in advance, so you know where you stand before any work begins.

─── 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 accounting standard written for micro-entities. It sets out how a company that qualifies for, and chooses to apply, the micro-entities regime should recognise, measure and present its assets, liabilities, income and expenses, and what it needs to disclose in its annual financial statements. It is a financial reporting framework rather than a tax document, so it does not determine how much Corporation Tax a company pays.

Who can use FRS 105?

It is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based mainly on size, but other rules and exclusions can affect whether a particular company is eligible, so not every small company will qualify — and qualifying does not oblige you to use it. A company that qualifies may instead prepare accounts under a fuller framework such as FRS 102.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that meets the size conditions can choose to apply it, in which case FRS 105 is the standard used for its financial statements, or it can prepare accounts under a fuller framework. Once a framework is adopted it is normally applied consistently, and switching frameworks is treated as a change in accounting framework rather than a routine tweak.

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 these 3 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 the size conditions is not the whole test, however, because other eligibility rules and exclusions can apply. That is why it is worth checking your specific circumstances rather than assuming the regime is available.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 102 is used by a much wider range of businesses and offers more recognition and measurement options along with significantly more disclosure. FRS 105 is the micro-entities standard, derived from FRS 102's approach but simplified, with fewer notes and a more compact presentation. The trade-off is that FRS 105 gives you less flexibility in how certain items are presented.

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

Companies normally file annual accounts with Companies House, and a company within the micro-entities regime can file accounts prepared under it. The version filed publicly may be less detailed than the full accounts prepared for the company's members, depending on what the applicable rules permit. Filing accounts at Companies House is a separate process from filing a Corporation Tax Return with HMRC.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts deal with financial reporting — how the company's results and financial position are presented. A CT600 is the Corporation Tax Return submitted to HMRC, which starts from the figures in the accounts but applies its own tax adjustments, such as disallowable expenses and capital allowances. Preparing one does not automatically complete the other, and they go to different organisations.

What information is needed to prepare FRS 105 accounts?

Typically your bookkeeping or a clear summary of income and expenses for the period, bank and credit card statements, sales and purchase invoices, payroll information, details of assets purchased or sold, loan and director's loan balances, and the previous year's accounts for comparison. If your records are incomplete or partly missing, it is best to say so early so any gaps can be resolved before the accounts are finalised.