─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Redbridge

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying UK companies that choose to apply the micro-entities regime. In Redbridge, many small limited companies find that this framework matches the way they already run their business — simpler financial statements, less disclosure, and a format that focuses on the essentials. Whether you are filing your first set of accounts or moving across from a different framework, professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records and are put together appropriately for your company’s circumstances. Eligibility is not automatic: a company must qualify for the micro-entities regime and then choose to apply it, so it is worth checking your position before the accounts are drafted. Our role is to work through your figures with you, explain what the framework does and does not require, and help you produce FRS 105 financial statements that are clear, consistent and ready for the next stage of your filing obligations.

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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 for Micro-Entities

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In plain terms, it is the rulebook used to prepare the simplest form of statutory accounts available to qualifying small companies. It is not a tax return and it is not a registration form — it is the accounting framework that shapes how your financial statements are presented. FRS 105 is built around a small number of core statements, typically a balance sheet, a profit and loss account and a limited set of notes, which means the finished documents are noticeably shorter than accounts prepared under a fuller framework such as FRS 102. Importantly, FRS 105 is optional. A company that qualifies for the micro-entities regime can choose to apply it, and FRS 105 is the standard that applies when that choice is made. If a company qualifies but prefers more detailed reporting — perhaps because a lender or investor has asked for it — it can use a different framework instead. For many owner-managed companies in Redbridge, the appeal is straightforward: financial statements that cover what is required without unnecessary length, prepared in a format that is easier to read and easier to follow year on year.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Two things have to line up: the company must satisfy the applicable size conditions, and it must not be caught by the exclusions that sit alongside the regime. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company to meet at least 2 of 3 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. Those figures give a helpful indication of where the line sits, but they are only part of the picture. Certain entities are excluded from the regime regardless of their size, and the conditions are assessed by reference to the relevant accounting period and the company’s particular circumstances. Meeting the size thresholds therefore does not automatically mean a company qualifies, and qualifying does not mean it must use FRS 105 — it remains a choice. If you are unsure where your Redbridge company stands, a review of your figures and structure is the sensible first step before the accounts are prepared.

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 is as much about accuracy as it is about format. We start with the financial records you already hold — bank statements, sales and purchase information, payroll details, asset purchases, loan agreements and any other supporting documents — and build the financial statements from there. Because FRS 105 works on a historical cost basis and uses a simplified measurement approach, some of the judgements involved differ from those in a fuller framework, so it matters that the figures are considered in the right context rather than simply carried across from a previous set of accounts. We separate the pieces of work clearly: the preparation of your FRS 105 financial statements is one task, the filing of those accounts with Companies House is another, and your Corporation Tax Return (CT600) is a separate submission made to HMRC. Each has its own content, supporting information and deadlines. We can help you understand how they connect and what information is needed for each, so nothing is assumed and nothing is missed.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Redbridge

If you would like your FRS 105 Micro Entity Accounts handled by people who work with the micro-entities regime regularly, get in touch and tell us about your company. It helps to have a little information ready — your company registration details, the accounting period you need accounts for, your bookkeeping or accounting records, and any correspondence you have received about your filing obligations. We will talk through your circumstances, confirm whether the micro-entities regime looks like an appropriate fit for your company, and explain what the preparation work involves from there. If you are unsure whether FRS 105 applies to you, or you are weighing it up against a fuller reporting framework, that is a perfectly good starting point for the conversation. Reach out to discuss your FRS 105 Micro Entity Accounts requirements and take the next step with clear, transparent pricing and a straightforward process.

─── 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 supports the micro-entities regime. It sets out how qualifying companies prepare their statutory financial statements when they choose to use that regime, covering the statements required, the measurement basis used and the limited disclosures that apply. It is an accounting framework rather than a tax filing, so it governs how your accounts are presented, not how much Corporation Tax your company owes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualifying is a two-part test: the company must meet the relevant size conditions, and it must not fall within any of the exclusions that apply to the regime. Some company types and certain entities are excluded regardless of size, and the criteria are assessed against the relevant accounting period. Because eligibility depends on your specific circumstances, it is worth reviewing your position rather than assuming you qualify.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional accounting regime. A company that qualifies for it is entitled to use FRS 105, but it can instead choose a fuller framework such as FRS 102, which provides more detailed reporting. That choice is sometimes driven by a request from a lender, investor or other third party who wants more information than FRS 105 accounts would show. Qualifying does not commit you to FRS 105 — it simply makes the option available.

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 the following 3 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 size conditions sit alongside the wider rules for the regime, and various exclusions and special provisions can apply, so meeting the size tests alone does not guarantee that a company qualifies for the micro-entities regime.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they suit different sizes and needs. FRS 105 is the micro-entities framework: shorter financial statements, a historical cost basis, and reduced disclosure. FRS 102 is the standard used by larger or non-micro entities and results in fuller accounts, with more notes and more measurement options. In practice, the difference shows up in the length of the accounts, the level of detail in the notes and the amount of accounting judgement that goes into some figures. Moving from one to the other can change how certain items are presented, so the transition is worth planning.

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

Statutory accounts, including FRS 105 Micro Entity Accounts, are filed with Companies House for the relevant accounting period — that is a separate obligation from your Corporation Tax Return (CT600), which goes to HMRC. The two are prepared from the same underlying records but serve different purposes and have their own content requirements. Work on the financial statements and the Companies House filing is therefore best treated as one piece of work, with the tax return handled as a distinct task.

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

Yes, they are separate. FRS 105 accounts are your statutory financial statements, prepared under the micro-entities framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report your company's taxable profits and work out the tax due. The figures in the accounts usually inform the tax return, but the two documents are not interchangeable, and adjustments such as disallowable expenses or capital allowances mean the taxable figure can differ from the accounting profit.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 for its first set of accounts if it qualifies for the micro-entities regime and chooses to apply it. In practice, a new company's first period is often well within the size conditions, but eligibility still depends on the applicable rules and exclusions, and on how the first accounting period is defined. It is also worth thinking ahead: a company that grows may later move out of the regime, so keeping your records tidy from the start makes any change of framework much easier to manage.