─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pinner

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework used to prepare your annual accounts. FRS 105 is the standard designed for qualifying micro-entities, and it works alongside simplified disclosure requirements to keep the statutory accounts proportionate to a smaller business. For directors in Pinner running a limited company, that can mean a shorter, more straightforward set of financial statements — but the accounts still need to be prepared correctly, with the right figures, notes and formats for your circumstances. Professional preparation of your FRS 105 Micro Entity Accounts helps ensure the balance sheet, profit and loss account and accompanying disclosures are put together from your financial records in line with the applicable reporting requirements. It also helps you keep the accounts, the Companies House filing and your separate Corporation Tax responsibilities clearly separated, so nothing is missed or confused along the way. Because eligibility depends on more than simply being a small company, it is worth reviewing your position before deciding which framework to use.

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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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 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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 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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 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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 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 Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is a simplified accounting framework that qualifying companies can choose to apply when preparing their annual financial statements — the accounts that show what the company owns, what it owes, and how it has traded over the period. It sits alongside the micro-entities regime, which is the set of rules that determines whether a company is small enough to use this streamlined approach in the first place. Qualifying companies are not forced down this route; the micro-entities regime is an available accounting regime, and FRS 105 applies when it is the regime chosen. For a director in Pinner, the appeal is usually simplicity: fewer accounting policy choices, reduced disclosure, and accounts that are easier to read and understand. That said, ‘simpler’ does not mean ‘automatic’. You still need accurate bookkeeping behind the numbers, a proper understanding of what the standard requires, and a sensible view of whether the regime genuinely suits your company now and in future periods.

Who Can Use FRS 105 in the UK?

FRS 105 is aimed at UK companies that qualify for the micro-entities regime and choose to apply it — it is not open to every business, and it is not something a company drifts into by accident. 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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those conditions are the starting point rather than the whole test. A range of other eligibility rules and exclusions can apply, and certain types of company — including some entities that would otherwise look small on paper — are not permitted to use the regime. Meeting the size thresholds therefore does not automatically mean a company qualifies, and qualifying does not automatically mean the regime must be used. For directors in Pinner, the sensible approach is to look at your company’s actual figures, structure and reporting needs, then decide whether FRS 105 Micro Entity Accounts are appropriate for the period in question and whether they are likely to remain appropriate going forward.

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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records — bank statements, sales and purchase invoices, payroll information, asset details and any loans or director balances — and builds from there into a coherent set of financial statements. We work from the information you provide to prepare accounts that reflect your company’s transactions and position, applying the recognition and disclosure requirements that go with the micro-entities regime where it applies to you. A key part of that work is keeping the different obligations distinct. Preparing your FRS 105 financial statements is one task; filing accounts with Companies House is a separate submission; and your Corporation Tax Return (CT600) is a separate filing made to HMRC on a different basis and to a different deadline. Getting the accounts right supports the rest of your compliance calendar, but they should never be treated as interchangeable with a tax return or a Confirmation Statement. We will explain what has been prepared, how the figures were arrived at, and what still needs to be filed, so you can see the full picture rather than a single document in isolation.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Pinner

If you would like support with your FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps if you can share some background — your year end date, what the company does, roughly how it trades, whether you already have bookkeeping records, and whether you have prepared accounts under the micro-entities regime before. From there we can review your circumstances, explain whether FRS 105 looks appropriate for your company, and set out clearly what information we need from you and what the process involves. There is no obligation to proceed, and we are happy to answer questions about how FRS 105 Micro Entity Accounts differ from other accounting frameworks and from your separate tax filing obligations before you decide on 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 for micro-entities. It sets out how qualifying companies that choose the micro-entities regime should prepare their annual financial statements, including what must be recognised and what disclosures are required. It is deliberately streamlined compared with larger-company frameworks, with fewer accounting policy options and reduced notes, so the accounts stay proportionate to the size and complexity of a micro-entity.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and decide to apply it. Eligibility is based on size conditions plus a range of other rules and exclusions, so it is not simply a case of being 'a small company'. Meeting the size thresholds does not by itself guarantee eligibility, and some companies are excluded from the regime regardless of their size. It is worth checking your specific position before assuming FRS 105 applies to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose to apply it — and where it does, FRS 105 is the standard used to prepare the accounts. A company that qualifies may still decide to use a different framework, for example where the directors want fuller disclosures, where a lender or investor expects more detail, or where group or parent company considerations apply. The choice should be made with your circumstances in mind.

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 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. These are the size conditions, but they sit alongside other eligibility rules and exclusions. Some companies are prevented from using the regime for other reasons, and the conditions apply differently in certain situations, such as during a company's first period of trading.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard used by a much wider range of UK companies, including small companies that do not use the micro-entities regime. It offers more accounting policy choices, requires more disclosures, and covers areas such as financial instruments, leases and deferred tax in greater depth. FRS 105 is far more compressed: fewer options, fewer notes, and a simpler presentation. The trade-off is that FRS 105 gives readers less information, which matters if someone outside the company — such as a lender — wants a fuller picture.

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

Where a company prepares accounts under the micro-entities regime, those accounts form the basis of its statutory accounts filing, subject to the filing requirements and any option to file a reduced set of accounts. Filing the accounts with Companies House is a separate step from preparing them and separate again from your tax obligations. It is important to remember that the accounts filed publicly may contain less detail than the full accounts prepared for the directors and shareholders.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities accounting framework. A Corporation Tax Return, usually submitted as a CT600, is a separate filing made to HMRC to report the company's taxable profits and calculate Corporation Tax. The two are connected, because the accounts figures normally inform the tax return, but they are different documents with different purposes, different submission routes and different deadlines. A Confirmation Statement is separate again.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime, but the size conditions are applied differently in the first period, and other eligibility rules still apply. Being new does not automatically mean the regime is available, and it does not automatically mean it is the right choice. In practice, the decision often depends on expected turnover, the nature of the business, and whether anyone such as a bank or investor will rely on the accounts. It is worth reviewing before your first set of accounts is prepared.

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

Typically we would need your bookkeeping records or a clear summary of income and expenses for the period, bank and credit card statements, details of any assets owned by the company, information on loans, director's loan account movements, and any outstanding liabilities at the year end. Useful extras include previous year's accounts, details of share capital, and any relevant correspondence. The more complete and organised the records, the more straightforward the preparation tends to be.