─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Pontypridd: Clear, Accurate Financial Reporting

FRS 105 Micro Entity Accounts in Pontypridd are prepared under the UK financial reporting framework for companies that qualify as micro-entities and choose to apply the micro-entities regime. FRS 105 is designed to be simpler and more concise than larger-company reporting frameworks, but it still needs to reflect the company’s financial position and performance accurately. Professional preparation can help you work from your accounting records to produce financial statements that are appropriate for your circumstances, including the disclosure requirements that apply to FRS 105 accounts. It also helps separate the accounts preparation and Companies House filing process from Corporation Tax obligations, so you can understand what is being submitted and why. Eligibility for the micro-entities regime is not automatic, so it is important to check the size conditions and any exclusions before deciding whether FRS 105 Micro Entity Accounts are the right route for your company.

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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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   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.
  
 
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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 
 
 
 
 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 for Pontypridd Businesses

FRS 105 is the UK accounting standard that sits behind the micro-entities regime. In simple terms, it provides a set of financial reporting rules for qualifying companies that want to prepare micro-entity accounts. A company can choose to apply the micro-entities regime if it meets the relevant eligibility conditions; where that choice is made, FRS 105 is the framework used to prepare the financial statements. These accounts typically include a balance sheet, profit and loss account and limited notes, rather than the fuller disclosures required by larger reporting frameworks. For a Pontypridd company, using FRS 105 Micro Entity Accounts can make the reporting process more straightforward, but the accounts still need to be prepared accurately and filed correctly. It is also important to remember that FRS 105 accounts are separate from a Corporation Tax Return, even though the figures may support the tax return.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Pontypridd 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 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, and satisfying the size conditions does not automatically mean the company must or can use FRS 105. For a Pontypridd company, the practical question is whether the micro-entities regime is available, suitable and chosen. If it is, FRS 105 Micro Entity Accounts can provide a simpler reporting framework, but the decision should be based on the company’s circumstances, its reporting obligations and any advice relevant to its position.

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 Pontypridd

Professionally prepared FRS 105 Micro Entity Accounts can help Pontypridd companies present their financial information in a clear and consistent way. Preparation begins with your financial records — such as bookkeeping, bank statements, sales and purchase information, payroll data and any relevant asset or liability details — and applies the reporting requirements that are relevant to FRS 105. The aim is to produce financial statements that reflect the company’s circumstances and support the annual accounts filing with Companies House, where applicable. This is separate from Corporation Tax: a CT600 is submitted to HMRC, while FRS 105 accounts are the financial statements prepared under the micro-entities regime. We do not claim guaranteed acceptance by Companies House or HMRC, and every company’s position should be reviewed on its own facts; the right approach is to assess eligibility, prepare the accounts carefully and keep the filing obligations distinct.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Pontypridd

If you are considering FRS 105 Micro Entity Accounts for your Pontypridd company, the next step is to discuss your circumstances with us. We can review whether the micro-entities regime may be available to you, explain what information is needed to prepare FRS 105 accounts, and help you understand how the accounts fit alongside your other filing responsibilities. To assess your requirements, it helps to have details of your company’s accounting period, financial records, current filing position and any questions you have about eligibility or reporting. Whether you are preparing accounts for the first time or reviewing your current approach, we can talk through your options clearly and without obligation.

─── 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 allows qualifying micro-entities to prepare simpler financial statements, usually with fewer disclosures than FRS 102. FRS 105 accounts still need to show the company's financial position and performance accurately and be prepared in line with the applicable rules.

Who can use FRS 105?

FRS 105 is available to companies that qualify under the UK micro-entities regime and choose to apply it. Qualifying is not automatic and depends on the relevant size conditions and any exclusions that apply. Meeting the size thresholds alone does not always guarantee eligibility, so the company's specific circumstances should be checked before deciding to prepare FRS 105 Micro Entity Accounts.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one for every company that might fit the size criteria. A qualifying company can choose whether to apply the micro-entities regime; if it does, FRS 105 applies. Some companies may prefer or need to use a different framework such as FRS 102, depending on their circumstances.

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can also apply, so the criteria should be reviewed carefully rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler micro-entities framework, while FRS 102 is a broader UK accounting standard used by many small and medium-sized companies that do not apply the micro-entities regime. FRS 105 generally involves fewer disclosures and a more streamlined approach, but it is only available to qualifying companies that choose the micro-entities regime. FRS 102 can apply where FRS 105 is not appropriate or not chosen.

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

Limited companies are generally required to file annual accounts with Companies House, and qualifying micro-entities may file accounts prepared under FRS 105. The filing requirements depend on the company's circumstances and the rules in force at the time. FRS 105 accounts are separate from the Confirmation Statement and from the Corporation Tax Return submitted to HMRC.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC. The figures in the accounts often help inform the tax return, but they are separate filings with different purposes and deadlines. Preparing FRS 105 Micro Entity Accounts does not replace the need to consider Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 accounts, an accountant will usually need the company's accounting records, including bookkeeping or trial balance information, bank statements, sales and purchase records, payroll details if relevant, asset and liability information, and details of any loans or balances. It also helps to confirm the accounting period, the company's eligibility position and whether there are any unusual transactions that need consideration. Accurate records make the preparation process smoother and help reduce queries.