─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Potters Bar
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Explained for Micro-Entities in Potters Bar
Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Potters Bar Companies
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
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 of FRS 105 Micro Entity Accounts in Potters Bar
Get Help with Your FRS 105 Micro Entity Accounts in Potters Bar
─── 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.
FRS 105 is the UK financial reporting standard for companies that qualify for the micro-entities regime and choose to apply it. It sets out how micro-entity financial statements are prepared, including the simpler reporting and disclosure requirements that apply under that regime. It is an accounting framework, not a tax return or a Companies House form.
FRS 105 Micro Entity Accounts are intended for companies that qualify for the UK micro-entities regime and decide to use it. Eligibility is not automatic. A company generally needs to meet at least 2 of the 3 applicable size conditions for the relevant period, and other rules or exclusions can affect whether the regime is available. The company must also choose to apply the micro-entities regime for FRS 105 to be used.
No. The micro-entities regime is an available accounting regime, not a mandatory one for every small company. If a company qualifies and chooses to apply the micro-entities regime, FRS 105 applies to its accounts. A qualifying company may instead use another appropriate framework, such as FRS 102, depending on its circumstances and reporting needs.
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. These are size conditions only, and other eligibility rules or exclusions can apply. Meeting the thresholds does not automatically guarantee that the micro-entities regime is available.
FRS 105 is the standard for qualifying micro-entities that choose the micro-entities regime, and it is designed around simpler financial statements. FRS 102 is a broader UK financial reporting standard used by many other companies, with different recognition, measurement and disclosure requirements. The right framework depends on whether the company qualifies for the micro-entities regime, whether it chooses to apply it, and its wider reporting circumstances.
FRS 105 Micro Entity Accounts are generally filed with Companies House as part of the company's accounts filing obligations for the relevant period, although the exact requirements depend on the company and the period. Filing accounts with Companies House is separate from filing a Corporation Tax Return (CT600) with HMRC. A Confirmation Statement is also a separate filing.
Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. They serve different purposes and are filed with different bodies. The figures in the accounts may support the tax return, but the accounts themselves are not a substitute for a CT600 where one is required.
To prepare FRS 105 Micro Entity Accounts, we typically need the company's financial records for the period, including income and expenditure details, bank and cash records, asset and liability information, and any relevant notes or supporting documents. Details of the company's structure, previous accounts, and other filings can also help. We can confirm what is needed once we understand your circumstances.