─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ramsgate

FRS 105 Micro Entity Accounts in Ramsgate are prepared under the UK financial reporting framework for companies that qualify for the micro-entities regime and choose to apply it. FRS 105 is not a one-size-fits-all solution, so eligibility should be checked against the company’s circumstances and the applicable rules. Professional preparation can help ensure the accounts reflect the company’s financial records, use appropriate accounting policies, include the required statements and disclosures for the micro-entities regime, and are presented consistently. Whether you are a new or established Ramsgate company, we can help you understand whether FRS 105 Micro Entity Accounts are suitable and prepare them for filing and record-keeping purposes.

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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 Micro Entity Accounts Explained for Ramsgate Companies

FRS 105 is the UK accounting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it gives smaller companies a simplified way to prepare financial statements, with reduced disclosure requirements compared with larger reporting frameworks, while still showing the company’s assets, liabilities, income and expenses. It is part of UK GAAP and sits alongside other standards such as FRS 102. The micro-entities regime is optional for companies that qualify, so FRS 105 applies only when that regime is chosen. For a Ramsgate-based micro-entity, this can make annual accounts more straightforward, but the company must still keep proper records and ensure the accounts are prepared accurately for its circumstances.

Who Can Use FRS 105 in the UK? FRS 105 Micro Entity Accounts Explained for Ramsgate

FRS 105 is intended for companies that qualify under the UK micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, a company will generally need to meet at least 2 of the 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, those size conditions are not the only consideration. Other eligibility rules and exclusions can apply, and meeting the thresholds alone does not always guarantee that a company can use the regime. Ramsgate companies considering FRS 105 Micro Entity Accounts should confirm their position for the relevant period before choosing the framework.

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.

Professional Preparation of FRS 105 Micro Entity Accounts in Ramsgate

Professionally prepared FRS 105 Micro Entity Accounts are built from the company’s financial records and the reporting requirements that apply to its period. This can include preparing the balance sheet, profit and loss account, and notes required under the micro-entities regime, together with the statements needed for the accounts to be filed with Companies House where applicable. It is important to separate the preparation and filing of financial statements from Corporation Tax obligations: a CT600 is submitted to HMRC and is not the same thing as FRS 105 accounts. We can help Ramsgate companies prepare FRS 105 Micro Entity Accounts in an organised way, based on the information provided, and support the separate Companies House filing process without implying that any filing, tax position or accounts will be automatically accepted or approved.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ramsgate

If you would like to discuss your FRS 105 Micro Entity Accounts, get in touch with Micro Entity Accounts. We can review the information you provide, consider your company’s circumstances and explain the next steps for preparing and filing accounts under the micro-entities regime where it applies. Please have details of your company, accounting period, financial records and any relevant filing information to hand so your requirements can be assessed properly. We will not promise a particular outcome, tax saving or filing result, but we will help you understand the options and what is needed.

─── 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 a UK financial reporting standard for micro-entities. It forms part of UK GAAP and is designed for companies that qualify for, and choose to apply, the micro-entities regime. It provides simplified recognition, measurement and disclosure requirements compared with larger reporting frameworks. It is not a tax return or a substitute for a Corporation Tax Return (CT600); it deals with how the company's financial statements are prepared.

Who can use FRS 105?

FRS 105 can be used by companies that qualify as micro-entities under the UK micro-entities regime and choose to apply that regime. Meeting the size tests is important, but eligibility also depends on the relevant rules and exclusions, so not every small company will qualify. A company should check its position for the accounting period in question before deciding whether FRS 105 Micro Entity Accounts are appropriate.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies may be able to choose FRS 105, but it may also have other options depending on its circumstances and the reporting framework available to it. FRS 105 applies when the micro-entities regime is chosen. Once a framework is selected, it should be applied consistently and the company should consider whether any change is appropriate.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company will generally need to meet at least 2 of the 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 conditions are subject to the relevant rules and exclusions. Meeting the size tests alone does not automatically guarantee eligibility, so the company's specific legal and reporting position should be checked.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler micro-entities standard, available to companies that qualify for and choose the micro-entities regime. FRS 102 is a broader UK GAAP framework used by many other companies and generally includes more extensive disclosures and measurement options. FRS 105 is not simply a shorter version of FRS 102; it has its own requirements. A company eligible for the micro-entities regime may need to consider which framework best suits its circumstances.

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

Where a company prepares FRS 105 Micro Entity Accounts, it will usually need to file accounts with Companies House in line with its filing obligations, unless a valid exemption or alternative applies. FRS 105 affects how the financial statements are prepared and what they disclose, rather than removing the need to file accounts. Filing accounts with Companies House is separate from filing a Corporation Tax Return with HMRC.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. The figures in the accounts can inform the tax return, but tax adjustments and separate HMRC requirements may apply. A company may therefore need to deal with accounts preparation and Corporation Tax filing as separate exercises.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies still need to consider the eligibility conditions and any exclusions, and the first accounting period can raise specific points about size tests and reporting. It is not automatic simply because the company is small or newly formed. Professional advice can help confirm whether FRS 105 Micro Entity Accounts are appropriate.