─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Plympton Plymouth

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK — companies that meet the relevant size criteria and choose to apply the micro-entities regime. If you run a small limited company in Plympton Plymouth, the micro-entities regime can offer a simpler, more streamlined route to producing your annual financial statements, with a reduced set of disclosures compared with larger frameworks. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built up properly from your records, reflect your company’s actual circumstances, and are presented in a format consistent with the requirements of the regime. It also helps you keep the accounts element of your annual obligations clearly separated from other filings, such as your Corporation Tax Return, so nothing is overlooked. Whether you are preparing micro-entity accounts for the first time or reviewing how your current accountant handles them, we can talk you through what FRS 105 involves and how it applies to your company.

🔥 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

What Is FRS 105? Micro-Entity Accounts Explained

FRS 105 is the UK financial reporting standard designed for companies that qualify for, and choose to apply, the micro-entities regime. It is the simplest of the UK accounting frameworks, and it exists so that the smallest companies can prepare financial statements without the level of detail that larger frameworks demand. When a qualifying company adopts the micro-entities regime, FRS 105 is the standard used to prepare its accounts — which is why these are commonly referred to as FRS 105 Micro Entity Accounts, or simply micro-entity accounts. In practice, FRS 105 sets out how the accounts should be put together and what must be disclosed, generally allowing a shorter balance sheet, a simpler profit and loss position, and far fewer notes than you would see under FRS 102. It is important to understand that the micro-entities regime is a choice, not an automatic entitlement: a company must first qualify, and its directors then decide whether applying the regime is right for the business. FRS 105 applies when that choice is made. For directors in Plympton Plymouth, the appeal is usually straightforward — clearer, shorter accounts that still give a fair and accurate picture of the company’s position.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Two things therefore need to be true: the company must fall within the regime, and its directors must decide that applying it is the right approach. On the size side, for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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. It is important to stress that satisfying the size conditions alone does not guarantee eligibility. The rules include exclusions and other qualifying requirements, and some companies are prevented from using the micro-entities regime regardless of their size — for example, certain entities that are excluded from the regime by the applicable regulations. That is why eligibility should always be assessed against your company’s actual circumstances rather than assumed from a quick glance at turnover. For businesses in Plympton Plymouth considering FRS 105 Micro Entity Accounts, we can help you work through whether the regime is available to you, whether it is a sensible fit for your reporting needs, and what the implications would be before any accounts are prepared.

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 starts with your company’s financial records — bank transactions, sales and purchase information, expenses, payroll and asset details — which are then organised into a set of financial statements that follow the requirements of the micro-entities regime. Good preparation is as much about accuracy as it is about format: the figures need to reconcile, the disclosures need to be appropriate, and the accounts need to reflect what actually happened in the period rather than a rough estimate. It is also worth keeping responsibilities separate in your mind. The financial statements are one task; submitting them to Companies House is a filing step; and a Corporation Tax Return (CT600) is a distinct submission made to HMRC that deals with the company’s tax position. Each has its own deadlines and its own information requirements, and none of them is handled automatically just because the others are. Our role is to prepare your FRS 105 Micro Entity Accounts from the information you provide, in line with the applicable reporting requirements, and to help you understand how that fits alongside your wider filing obligations. We will always be clear about what we are doing, what we need from you, and what remains the responsibility of the directors.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts

If you would like support with your FRS 105 Micro Entity Accounts, or you are simply unsure whether the micro-entities regime is the right fit for your company, get in touch with us. Tell us a little about your business — your trading activity, your accounting period, roughly how you keep your records, and any questions you already have — and we can assess your circumstances and explain the options available to you. There is no pressure and no jargon: just a straightforward conversation about what your company needs and how we can help you prepare your accounts appropriately.

─── 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 in simple terms?

FRS 105 is the UK financial reporting standard used by companies that qualify for, and choose to apply, the micro-entities regime. It allows the smallest companies to prepare much shorter, simpler financial statements than the larger frameworks, with fewer notes and a more streamlined balance sheet. In plain terms, it is the lightest-touch accounting framework available to UK limited companies.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not automatically mean you must use FRS 105. The regime is a choice — directors of a qualifying company can decide whether applying it is appropriate for their circumstances. If you do choose the micro-entities regime, FRS 105 is the standard that applies to those accounts. If you decide it is not right for you, a different framework such as FRS 102 would generally be used instead.

What are the current micro-entity size criteria?

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. Those conditions 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 during the period. Meeting these size conditions is not the whole story, however — other eligibility rules and exclusions can apply, so the position should always be checked against your company's specific circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities framework: it is designed for the smallest qualifying companies and permits a very reduced set of disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it typically requires more detailed accounting, more note disclosures, and more judgement in areas such as financial instruments, leases and deferred tax. Choosing between them is a matter of eligibility and of what best suits the company and its users.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Micro-entity accounts prepared under FRS 105 are still annual accounts, and the usual requirement to file accounts with Companies House applies to companies that are within scope of that obligation. What changes under the micro-entities regime is the content and presentation of the accounts, not the principle that they must be filed. Filing the accounts is a separate step from submitting a Corporation Tax Return, and the two have different deadlines and different recipients.

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

Yes — they are two distinct filings. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities framework, and they may be filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position. Although the figures in each should be consistent with one another, preparing the accounts does not automatically complete your Corporation Tax Return, and the deadlines are different.

Can a new limited company use FRS 105?

It can, in principle, provided it qualifies for the micro-entities regime in its first accounting period and the directors choose to apply it. A newly incorporated company will usually need to look at its expected turnover, balance sheet total and employee numbers for the period to see whether the size conditions are met. Because other eligibility rules and exclusions can also apply, a new company's position is best confirmed before the first set of accounts is prepared.

What information do you need to prepare FRS 105 Micro Entity Accounts?

Typically we will need your bookkeeping or accounting records for the period, details of sales and purchases, business expenses, bank and cash balances, any loans or hire purchase agreements, payroll information if the company employs staff, and details of any fixed assets bought or sold. Information about share capital and any dividends paid is also useful. If your records are incomplete, tell us — we can discuss what is available and agree a sensible way forward rather than expecting everything to be perfectly tidy.