─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pickering: Simple, Professional Support

FRS 105 Micro Entity Accounts are annual financial statements prepared under the UK micro-entities regime by companies that qualify for that regime and choose to apply it. In Pickering, many small limited companies look to FRS 105 because it offers a simpler reporting framework than fuller UK GAAP, but the decision should always be based on the company’s own circumstances rather than assumption. Professional preparation can help ensure the accounts are put together from the right records, reflect the company’s financial position, and follow the applicable reporting requirements for a micro-entity. It can also help directors understand what needs to be filed at Companies House and how that sits alongside separate tax and confirmation statement obligations. If you are unsure whether your company qualifies, the first step is a review of your eligibility and reporting options.

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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 
    
 
 
 
   
 
 
       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 for Pickering Micro-Entities: The Regime and Your Annual Accounts

FRS 105 is a UK financial reporting standard designed for companies that qualify as micro-entities and choose to apply the micro-entities regime. In plain terms, it gives qualifying companies a simpler way to prepare their annual accounts, with reduced disclosure requirements and a measurement approach tailored to small, straightforward businesses. It is not a tax return and it does not replace a Corporation Tax Return (CT600) or a Confirmation Statement. Instead, FRS 105 deals with the financial statements — the balance sheet, profit and loss account and related notes — that a company prepares for its members and, where required, files at Companies House. A company can only use FRS 105 if it meets the eligibility rules and has chosen the micro-entities regime; otherwise, a different framework such as FRS 102 may be more appropriate. For Pickering companies, the key is to confirm eligibility first, then prepare FRS 105 Micro Entity Accounts in line with the regime.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Pickering Companies

FRS 105 is intended for UK companies that qualify for the 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 2 of the 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. However, other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean the company can or should use FRS 105. Some companies may be excluded from the regime, and a company that qualifies can still decide to use a different framework. If your company is based in Pickering and you are considering FRS 105 Micro Entity Accounts, the sensible first step is to review your eligibility and confirm that the micro-entities regime is appropriate for your circumstances.

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 in Pickering

Professionally prepared FRS 105 Micro Entity Accounts start with accurate records. We can work from your bookkeeping, bank statements, invoices and other financial information to prepare financial statements that reflect your company’s transactions and position under the micro-entities regime where it applies. The process usually involves reviewing the records, considering the applicable reporting requirements, and producing accounts suitable for the company’s members and for filing at Companies House if required. That filing is separate from Corporation Tax: a CT600 is submitted to HMRC, while the accounts are filed with Companies House under company law. A Confirmation Statement is also a separate filing. While no particular filing outcome or tax position can be guaranteed, we can help you prepare the accounts carefully and understand the information needed to meet your obligations.

ICAEW

ACCA

AAT

Discuss Your FRS 105 Micro Entity Accounts in Pickering

If you need help with FRS 105 Micro Entity Accounts in Pickering, get in touch to discuss your company’s circumstances. We can review whether the micro-entities regime may be available, explain what information is needed, and outline how the accounts preparation and filing process works. To assess your requirements, it helps to have details such as your company’s accounting period, recent financial records, trial balance or bookkeeping files, and any previous accounts. Whether you are preparing accounts for the first time or reviewing your current reporting approach, we can talk you through the options and next steps.

─── 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 when a company qualifies as a micro-entity and chooses to use the micro-entities regime. It sets out how the annual financial statements should be prepared, including the balance sheet, profit and loss account and related notes. It is designed to be simpler than fuller UK GAAP, with reduced disclosure requirements. FRS 105 is about accounting and financial reporting; it is not a Corporation Tax Return (CT600) or a Confirmation Statement.

Who can use FRS 105?

FRS 105 is available to UK companies that meet the micro-entity eligibility conditions and decide to apply the micro-entities regime. 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 rules and exclusions can apply, so meeting these size conditions alone does not guarantee eligibility. Newly incorporated companies may also qualify if they meet the rules and choose the regime.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use FRS 105. The regime is an available accounting framework, and FRS 105 applies when that regime is chosen. A company that qualifies may still choose a different applicable framework, such as FRS 102, depending on its circumstances and reporting needs. The decision should be reviewed with the company's directors and adviser.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simpler framework specifically for companies that qualify as micro-entities and choose that regime. FRS 102 is a broader UK GAAP framework used by many companies that do not qualify as micro-entities, or that choose not to apply the micro-entities regime. FRS 105 generally has fewer disclosure requirements and a more streamlined measurement approach, while FRS 102 provides more detailed recognition, measurement and disclosure rules. The right choice depends on eligibility and what the company needs from its accounts.

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

Where a company is required to file annual accounts, its FRS 105 accounts will generally need to be filed with Companies House. The accounts are the financial statements prepared under the micro-entities regime, and filing them is a company law obligation separate from tax. A Confirmation Statement is a different filing, and a Corporation Tax Return (CT600) is submitted separately to HMRC. Filing requirements can depend on the company's circumstances, so it is worth checking the current rules or taking advice.

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

Yes. FRS 105 accounts are the company's financial statements, prepared for members and generally for Companies House filing. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate its Corporation Tax liability. The starting point for the CT600 may be the accounts, but tax adjustments can mean the taxable profit differs from the accounting profit. The two filings serve different purposes and have separate submission routes.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, we typically need records that show the company's income, expenses, assets and liabilities for the accounting period. This can include bank statements, sales invoices, purchase receipts, payroll information, loan agreements, asset purchases, and details of any director's loan account. A trial balance or bookkeeping file is also helpful, along with previous accounts or company formation details if available. The more complete the records, the smoother the preparation process is likely to be.

What changes are coming to micro-entity accounts filing?

Companies House has been implementing reforms under the Economic Crime and Corporate Transparency Act, which include changes to how accounts are filed and a move towards software-only filing for accounts. The detail and timing of these changes can matter for micro-entity companies, so it is important to check current Companies House guidance and take professional advice rather than relying on old assumptions. If you prepare FRS 105 Micro Entity Accounts in Pickering, keeping your records and filing approach up to date can help you adapt when the requirements change.