─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pontypridd Rhondda Cynon Taff

If you run a small limited company in Pontypridd Rhondda Cynon Taff, FRS 105 Micro Entity Accounts may be the simplest and most appropriate way to prepare and file your annual financial statements. FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime. It applies when a company both qualifies for that regime and actively chooses to apply it. That means eligibility is not automatic, and it is not simply a case of being a small company — the size conditions, the applicable rules and any relevant exclusions all need to be considered for your own circumstances. Professional preparation of FRS 105 Micro Entity Accounts helps ensure your figures are presented in line with the framework, that your balance sheet, profit and loss account and supporting notes reflect your records accurately, and that your filing obligations are handled separately from your Corporation Tax position. Whether you are filing for the first time or reviewing an existing approach, getting the framework right from the outset saves time and avoids confusion later.

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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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 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 
 
 
 
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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Reporting Framework

In plain terms, FRS 105 is a set of UK accounting rules designed specifically for the smallest companies. It sits alongside the micro-entities regime, which is an accounting framework that qualifying companies are permitted to use. Put simply: the micro-entities regime is the option, and FRS 105 is the standard you follow when you take that option. FRS 105 Micro Entity Accounts are generally shorter and more straightforward than accounts prepared under other standards. They tend to focus on a simplified balance sheet, a simplified profit and loss account and a limited set of disclosures, which is often exactly what a small owner-managed business in Pontypridd Rhondda Cynon Taff wants. Crucially, using FRS 105 is a choice available to qualifying companies rather than something imposed on every small business, and some companies are excluded from the regime altogether. If you are unsure whether FRS 105 suits your company, or whether another reporting framework would be more appropriate, that is a conversation worth having before your year-end accounts are prepared, because the framework you choose shapes how your results are presented and what appears in your filed accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and that decide to apply it — both elements matter. 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. However, those thresholds are only part of the picture. Other eligibility rules and exclusions can apply, and certain companies are prevented from using the regime regardless of their size. That is why meeting the numbers on their own should never be treated as confirmation that a company qualifies. Directors of companies across Pontypridd Rhondda Cynon Taff often find it helpful to review eligibility each year, since turnover, balance sheet totals and headcount can shift, and a change in any of them may affect which framework is appropriate. If your company qualifies and you choose the micro-entities regime, FRS 105 Micro Entity Accounts will be the standard your financial statements follow. If it does not, or you would prefer a more detailed reporting framework, another basis will apply instead.

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

FRS 105 Micro Entity Accounts should reflect what has actually happened in your business, which is why preparation starts with your financial records — bank transactions, sales and purchase information, payroll details, asset purchases, loans and any other relevant items for the period. From there, the figures are reviewed, adjustments are considered where appropriate, and the financial statements are drafted in the format the framework requires. A balance sheet, a profit and loss account and the necessary supporting notes are prepared so that the accounts present a clear and accurate picture of your company’s position. It is important to keep the different obligations separate in your mind: preparing and filing FRS 105 Micro Entity Accounts is one task, while submitting a Corporation Tax Return (CT600) to HMRC is a separate matter with its own information requirements. Similarly, a Confirmation Statement is a distinct annual filing and is not the same thing as your accounts. Working with someone who understands how these pieces fit together helps you meet your obligations in an organised way, with clear, transparent pricing and no unnecessary jargon along the way.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Pontypridd Rhondda Cynon Taff

If your company may qualify for the micro-entities regime, or you would simply like to understand whether FRS 105 Micro Entity Accounts are right for you, get in touch and let’s talk it through. Tell us about your company — your accounting period, your approximate turnover, your balance sheet position, your employee numbers and the records you already hold — and we can assess your circumstances and explain the options available to you. Whether you need accounts prepared from scratch, a review of an existing set, or guidance on how the accounts and your other filing obligations fit together, we are happy to help you take the 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 that applies to companies using the micro-entities regime. It sets out how the smallest qualifying companies prepare their annual financial statements, generally allowing a simplified balance sheet, a simplified profit and loss account and reduced disclosures compared with larger reporting frameworks. It is a reporting standard, not a tax return, so it deals with how your accounts are presented rather than how your Corporation Tax is calculated.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and that choose to apply it. Qualification depends on meeting the applicable size conditions and not falling within any of the relevant exclusions — certain company types and circumstances are outside the regime. Meeting the size tests alone does not automatically mean a company must, or can, use FRS 105, so eligibility should always be checked against your specific situation.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A qualifying company may choose to apply it, in which case FRS 105 applies, or it may decide that a different framework better suits its circumstances — for example if the owners, lenders or investors need more detailed reporting. The choice should be made deliberately and reviewed as your business grows or changes.

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 headline conditions only. Other rules and exclusions can affect whether a company qualifies, so the criteria should be applied carefully to your own figures rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the accounting standard used by a much wider range of UK companies, and it generally involves more detailed recognition, measurement and disclosure requirements. FRS 105 is the lighter, more streamlined standard available to companies using the micro-entities regime. In practice, the difference usually shows up in the length and complexity of the accounts: FRS 105 financial statements tend to be shorter and simpler, while FRS 102 accounts typically include more notes and more detailed accounting policies.

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

Yes, in the ordinary course a company's annual accounts are filed at Companies House, and where the micro-entities regime has been applied, those accounts are prepared under FRS 105. Filing accounts is separate from filing a Corporation Tax Return (CT600) with HMRC and separate again from the annual Confirmation Statement. Each has its own purpose and its own information requirements, so it helps to treat them as distinct tasks rather than one combined exercise.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework. A CT600 is the Corporation Tax Return submitted to HMRC, and it deals with your company's tax position for the period. Although the two are related in the sense that both draw on your financial records, they are prepared for different purposes and submitted to different bodies. Preparing the accounts does not, by itself, complete your Corporation Tax obligations.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime, and therefore FRS 105, if it meets the applicable conditions and is not excluded. In the first period, the assessment is often based on the company's position in its first accounting period, and it is worth confirming this early because it influences how the accounts are structured from the start. New companies sometimes find that talking through the framework at incorporation stage makes the first set of accounts much easier to prepare.