─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pitstone: Clear Financial Reporting for Qualifying Companies

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company is based in Pitstone and may qualify, professional preparation can help ensure your financial statements are put together appropriately for your circumstances, using the information in your records and the applicable reporting requirements. The micro-entities regime is an available accounting regime rather than an automatic entitlement, so eligibility should be checked before accounts are prepared. A careful review of your company’s size, structure and reporting obligations helps you understand whether FRS 105 Micro Entity Accounts are suitable, while keeping the accounts and any separate Companies House filing and Corporation Tax obligations clearly distinguished.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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: What the Micro-Entities Regime Means for Your Pitstone Company

FRS 105 is the UK financial reporting standard used by companies that qualify for, and choose to apply, the micro-entities regime. In simple terms, it allows eligible micro-entities to prepare simpler financial statements with reduced disclosure compared with larger reporting frameworks. FRS 105 Micro Entity Accounts are still formal accounts: they need to reflect the company’s transactions and financial position accurately and be prepared in line with the relevant rules. Qualifying companies can choose the micro-entities regime, and FRS 105 applies when that regime is used. It is separate from a Corporation Tax Return (CT600), which deals with tax, and from a Confirmation Statement, which confirms company details. If you run a Pitstone company and are unsure whether FRS 105 is right for you, checking eligibility and your reporting options is the sensible first step.

Who Can Use FRS 105 in the UK? FRS 105 Micro Entity Accounts Guidance for Pitstone 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, the size conditions are generally 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, with a company generally needing to meet at least 2 of the 3 applicable conditions. These criteria are a starting point rather than an automatic pass: other eligibility rules and exclusions can apply, and some companies may not be able to use the regime even if they are small. If you run a Pitstone company and want to know whether FRS 105 Micro Entity Accounts are available for your circumstances, a careful eligibility review is the best way to proceed.

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.

Professional Preparation for FRS 105 Micro Entity Accounts in Pitstone

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records, including income, expenses, assets, liabilities and any relevant notes, and are prepared under the applicable reporting requirements. The aim is accurate financial reporting that reflects your company’s circumstances and supports the accounts you need for the period. If you operate in Pitstone, we can help prepare the financial statements and explain how the accounts fit alongside your other obligations. Filing accounts with Companies House is a separate process from submitting a Corporation Tax Return (CT600) to HMRC, and a Confirmation Statement is another distinct filing. We do not suggest that accounts are approved, endorsed or guaranteed by any regulator; instead, the focus is on careful preparation and clear communication so you can make informed decisions.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Pitstone

To discuss your FRS 105 Micro Entity Accounts requirements, get in touch and tell us about your Pitstone company. It helps to have details such as your company’s accounting period, nature of trading, financial records, and any other reporting obligations you are dealing with. We can then assess your circumstances and explain the information needed to prepare your FRS 105 Micro Entity Accounts, while answering your questions about eligibility and the micro-entities regime. There is no obligation to proceed, and no promised outcome, approval or filing result — just clear, practical support to help you decide your next step.

─── 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 companies that qualify for and choose to apply the micro-entities regime. It sets out how to prepare micro-entity financial statements, with simpler reporting and reduced disclosure than frameworks such as FRS 102. FRS 105 Micro Entity Accounts are usually prepared alongside the company's books and records, but they are not the same as a Corporation Tax Return (CT600) or a Confirmation Statement.

Who can use FRS 105?

FRS 105 is available to companies that meet the definition of a micro-entity and choose to apply the micro-entities regime. In the UK, 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. Meeting those conditions alone does not guarantee eligibility, because other rules, company types and exclusions can apply. A newly incorporated company may be able to use FRS 105 if it qualifies and chooses the regime.

Is FRS 105 compulsory for every micro-entity?

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 the regime is chosen, FRS 105 applies to the preparation of the accounts. Some companies may instead use another applicable framework, depending on their circumstances and reporting needs. It is worth checking the options before deciding.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size criteria are 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. A company generally needs to meet at least 2 of these 3 applicable conditions. However, eligibility is not decided by size alone: certain company types, sectors, or circumstances may be excluded, and other rules can apply. A professional review of your company's position helps confirm whether the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

FRS 105 is designed for qualifying micro-entities and generally allows simpler financial statements with reduced disclosure. FRS 102 is a broader UK financial reporting standard used by many other companies and includes more detailed recognition, measurement and disclosure requirements. Some companies may be able to choose between different frameworks depending on their circumstances. FRS 105 Micro Entity Accounts are not simply a cut-down version of FRS 102; they follow their own requirements under the micro-entities regime.

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

Companies that are required to file accounts with Companies House normally file their annual accounts there, and if FRS 105 Micro Entity Accounts have been prepared for a qualifying company, those accounts may form the basis of that filing. The filing requirement itself comes from company law, not from FRS 105. Small companies and micro-entities may have filing options or exemptions depending on their circumstances, so it is important to check what applies to your company. Filing with Companies House is separate from submitting a Corporation Tax Return to HMRC.

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

Yes. FRS 105 Micro Entity Accounts deal with financial reporting under the micro-entities regime. A Corporation Tax Return (CT600) is a separate filing submitted to HMRC to report the company's taxable profits and calculate Corporation Tax. The figures in the accounts can help inform the tax return, but the accounts and the CT600 serve different purposes and have different filing processes. A Confirmation Statement is another separate requirement.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, an accountant will usually need your company's financial records for the accounting period, such as sales and expense records, bank statements, invoices, payroll information if you employ staff, details of assets and liabilities, and any relevant loan or lease agreements. It also helps to have your company registration details, accounting period dates, and information about any other reporting obligations. Providing complete and accurate records supports the preparation process and helps reduce delays.