─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Rhondda Cynon Taff

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK — companies that meet the micro-entity size criteria and choose to apply the micro-entities regime. For directors across Rhondda Cynon Taff, that choice can simplify how the financial statements are put together, with a streamlined balance sheet and a lighter set of disclosure notes than many other reporting frameworks require. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect the company’s actual transactions and records, are presented in line with the framework as it applies to your circumstances, and are ready to be reviewed and approved by the directors ahead of filing. Every company is different, so eligibility and presentation should always be checked before the accounts are finalised rather than taken for granted.

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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 Regime in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits within the UK micro-entities regime, which is an optional accounting regime: a company that qualifies can choose to apply it, and when that choice is made, FRS 105 is the standard the accounts are prepared under. In plain terms, FRS 105 keeps reporting simple. The accounts are prepared on a historical cost basis, revaluation and fair value accounting are not used, and the disclosure notes are considerably shorter than those required under FRS 102. The result is a set of FRS 105 financial statements that show the company’s balance sheet position with minimal supporting narrative, which many owner-managed businesses in Rhondda Cynon Taff find far more straightforward to produce and review. Micro-entity accounts are still proper statutory accounts — they must be prepared accurately from the company’s records, checked by the directors and approved before they are filed.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK 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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those size tests does not, on its own, guarantee eligibility. The regime carries its own rules and exclusions — certain types of company cannot use it, and companies that are part of an ineligible group need closer examination — and eligibility is assessed by reference to the accounting period in question, which means a company can move in or out of the regime as it grows or changes. Directors in Rhondda Cynon Taff should confirm that FRS 105 Micro Entity Accounts are appropriate for their company’s specific circumstances before the accounts are prepared and filed.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is about more than completing a template. The work starts with your company’s financial records — bookkeeping entries, bank and cash transactions, sales and purchase documentation, payroll information and details of assets — and results in financial statements prepared under FRS 105 as it applies to your business. The balance sheet, any notes required by the framework and the supporting workings are put together from the information you provide, while the directors remain responsible for reviewing and approving the accounts. Filing those accounts at Companies House is a separate step from your Corporation Tax obligations, and a Corporation Tax Return (CT600) is submitted to HMRC separately; the two are connected, but they are not the same thing. Support with accounts preparation and the Companies House filing can be coordinated with your tax filing so the figures stay consistent across both.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Rhondda Cynon Taff

If your company may qualify for the micro-entities regime, or you are simply unsure whether FRS 105 is the right framework for your business, get in touch to talk through your FRS 105 Micro Entity Accounts requirements. Tell us about your company’s activities, its accounting period and the records you hold, and we can look at your circumstances and explain what is needed to prepare and file your accounts. Clear, transparent pricing and straightforward communication come as standard, with no jargon and no pressure.

─── 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 designed for micro-entities. It forms part of the UK micro-entities regime, which is an optional accounting framework that qualifying companies can choose to apply. FRS 105 is deliberately simple: accounts are prepared on a historical cost basis, revaluation and fair value adjustments are not used, and the disclosure notes are kept to a minimum. The outcome is a set of financial statements that report the company's balance sheet position in a concise way, while still being genuine statutory accounts prepared from the company's records.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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. Other eligibility rules and exclusions also apply — for example, certain types of company and companies within ineligible groups cannot use the regime — so meeting the size tests alone does not automatically mean FRS 105 is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic one. A company that qualifies may choose to apply it, in which case FRS 105 is the standard used to prepare the accounts, or it may instead report under another framework such as FRS 102. The right choice depends on the company's circumstances, the information it needs from its accounts and the requirements that apply to it. Many directors find it useful to talk the options through before committing to a framework.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard and is the most simplified option: historical cost only, no revaluations, no fair value accounting and minimal disclosures. FRS 102 is the wider standard for small and larger entities, and the small entities version of it allows more accounting choices — such as revaluation of certain assets — along with a fuller set of disclosure notes. In short, FRS 105 trades flexibility and detail for simplicity.

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

Yes. Where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts form its statutory accounts for that period and are normally filed at Companies House after the directors have approved them. They are also used as the starting point for the company's tax position. The exact filing requirements, including what must be included in the filed copy, depend on the company and the current rules, and it is worth confirming the position for your accounting period before you file.

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

Yes, they are two separate filings. FRS 105 Micro Entity Accounts are the company's financial statements, dealing with accounting and financial reporting for the period. A CT600 is a Corporation Tax Return submitted to HMRC, which is based on the company's taxable profits rather than simply the accounting profit shown in the accounts. Adjustments such as disallowable expenses, capital allowances and timing differences mean the taxable figure can differ from the profit reported in the financial statements, so both need to be prepared carefully.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime for its accounting period and chooses to apply it. New companies are not automatically micro-entities, and the first set of accounts sometimes needs extra care — particularly where the company has traded for a shorter period, has start-up costs, or has been dormant for part of the year. Eligibility depends on the company's own turnover, balance sheet total and employee numbers, alongside the other rules and exclusions, so it is worth checking before preparing the first set of accounts.

What changes are coming to micro-entity accounts filing?

Companies House has been introducing reforms to how company accounts are filed, including a move towards software-based filing and additional information being included in filed accounts for smaller companies. The detail and the timing of these changes are set by Companies House and continue to be phased in, so the requirements can differ depending on when your accounting period ends. For anyone preparing FRS 105 Micro Entity Accounts in Rhondda Cynon Taff, the practical point is to check the current filing requirements at the time the accounts are submitted rather than relying on how things were done a few years ago.