─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Radstock

If your company is based in Radstock and you are looking for straightforward, properly prepared FRS 105 Micro Entity Accounts, you are in the right place. FRS 105 is the financial reporting framework that applies to qualifying micro-entities that choose to use the UK micro-entities regime — it is not a framework that every small company automatically falls into, and eligibility depends on your company’s size and circumstances. Professional preparation of FRS 105 Micro Entity Accounts helps ensure your financial statements are put together in a way that reflects the micro-entities regime, presents your figures consistently, and is ready to support the filing that follows. We work with directors and business owners across Radstock who want their accounts handled accurately and explained in plain English, with clear, transparent pricing and a practical approach to the information you need to supply. Whether you are filing for the first time or moving across from a different accounting framework, the aim is simple: accounts that are prepared appropriately for your company’s circumstances, without unnecessary complexity.

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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

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the accounting standard that sits behind the UK’s micro-entities regime. In simple terms, it is a simplified financial reporting framework written specifically for the smallest companies, and it applies when a company qualifies for the micro-entities regime and chooses to use it. Under FRS 105, the financial statements are prepared on a basis that is deliberately pared back compared with larger-company reporting: the balance sheet and profit and loss account are presented in a simpler form, fewer notes are required, and certain measurement rules are applied that are specific to the regime. For a qualifying company, that means less disclosure, less time spent on technical presentation, and accounts that still give a true picture of the business. It is worth being clear about what FRS 105 is not. It is not a tax return, it is not a substitute for a Corporation Tax filing, and it is not compulsory for every micro-entity — a qualifying company can choose whether to apply the micro-entities regime or to use a fuller framework instead. For many directors in Radstock running a genuinely small limited company, though, FRS 105 offers the most proportionate route to producing and filing annual accounts.

Who Can Use FRS 105 in the UK?

FRS 105 Micro Entity Accounts are intended for companies that qualify for the UK’s micro-entities regime and then decide to apply it. The regime is not automatic, and it is not open to every small company. Size is the starting point: 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. Meeting those size conditions, however, is not the whole story. Other eligibility rules and exclusions can apply, certain types of company are not permitted to use the regime, and the assessment normally needs to be made for the period in question rather than assumed from previous years. That is why it is worth checking your position properly before adopting FRS 105, particularly if your company is growing, has had an unusually strong or quiet year, or has used a different framework in the past. For directors in Radstock, the practical question is simply whether the micro-entities regime fits your company’s circumstances and reporting obligations — and if it does, whether FRS 105 is the framework you want to use.

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 well starts with your financial records. We take the bookkeeping, bank information, invoices and other supporting detail you provide and use it to build a set of financial statements prepared in line with FRS 105 and the disclosure requirements that apply to a qualifying micro-entity. That means a balance sheet and profit and loss account presented in the format the regime calls for, together with the small number of notes that FRS 105 requires and the director’s statements that accompany the accounts. Accurate financial reporting matters here: figures need to reconcile, comparatives need to be consistent, and the accounts need to reflect what actually happened in the period rather than a rough estimate. Once the FRS 105 financial statements are agreed with you, the accounts filing with Companies House is dealt with as its own separate step. It is important to keep that distinct from your Corporation Tax obligations — a CT600 is a separate return submitted to HMRC, driven by different rules and different deadlines, and completing your FRS 105 accounts does not by itself discharge your tax filing responsibilities. We are happy to talk you through how the two fit together for your Radstock company, and to flag anything in your records that needs clarifying before the accounts are finalised.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Radstock

If you would like help with FRS 105 Micro Entity Accounts for your company, the best next step is a straightforward conversation about where you are now. Tell us about your business, the period you need accounts for, how your records are currently kept, and whether you have filed under the micro-entities regime before. That information lets us assess your circumstances properly — including whether the micro-entities regime looks like a sensible fit for your company — and explain how the preparation process would work for you. We will set out clearly what we need from you, what the accounts will include, and how the resulting figures feed into your wider filing obligations, including the separate Corporation Tax position. There is no pressure and no jargon: just a practical discussion about your FRS 105 Micro Entity Accounts and the information required to get them prepared accurately.

─── 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 financial reporting standard that underpins the UK's micro-entities regime. It sets out how a qualifying micro-entity that chooses to use that regime prepares its annual financial statements — the balance sheet, the profit and loss account and the limited notes that go with them. It is a simplified framework compared with the standards used by larger companies, designed to keep reporting proportionate for genuinely small businesses.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and then choose to apply the micro-entities regime. Qualification is based on size conditions, but meeting the size tests alone does not automatically mean a company is eligible — other rules and exclusions can apply, and some companies are specifically prevented from using the regime. Eligibility should always be checked against your company's own circumstances before the framework is adopted.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies rather than a mandatory one. A company that meets the criteria can choose to apply the regime and therefore use FRS 105, or it can apply a fuller framework instead. In practice, many small companies find FRS 105 attractive because it reduces disclosure and simplifies presentation, but the decision is theirs to make.

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 during the period. These conditions sit alongside other eligibility rules and exclusions, so satisfying two of the three does not, on its own, guarantee that a company qualifies for the micro-entities regime.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different sizes of company. FRS 102 is the fuller standard used by a much wider range of businesses and provides for more detailed measurement and disclosure. FRS 105 is the micro-entities standard, with a deliberately reduced set of disclosures and simpler presentation. Moving between the two is possible as a company grows or shrinks, but the transition needs to be handled carefully.

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

Where a company prepares its annual accounts, those accounts are generally filed at Companies House in line with its filing obligations for the period. Filing the accounts is a separate exercise from preparing them, and it is also separate from your Corporation Tax position — submitting accounts does not settle any Corporation Tax liability.

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

Yes, they are two distinct things. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities framework and used for Companies House filing purposes. A CT600 is a Corporation Tax Return submitted to HMRC, and it is driven by tax rules rather than the accounting framework. The two are related — your accounts figures normally inform the tax return — but one does not replace the other.

What information is needed to prepare FRS 105 accounts?

It helps to provide a complete picture of the period: your bookkeeping or accounting records, bank statements, sales and purchase information, details of any assets and liabilities, payroll or employee numbers, and the previous year's accounts for comparison. If you are unsure whether your company qualifies for the micro-entities regime, information about turnover, balance sheet total and employee numbers for the relevant period is particularly useful, as those are the size conditions that normally need to be considered.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies as a micro-entity and chooses to apply the micro-entities regime for the period in question. A first accounting period can be a good moment to get the framework right from the start, because the presentation and disclosure choices made in that first set of accounts tend to set the pattern for later years.