─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in River Tyne

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying companies that choose to apply the UK micro-entities regime. For directors based in River Tyne and across the surrounding area, this means a simpler, more streamlined set of financial statements than those prepared under a fuller framework — but simpler does not mean less care is needed. Eligibility is not automatic, and the micro-entities regime is a choice rather than a default. Professional preparation of FRS 105 Micro Entity Accounts starts with reviewing your company’s circumstances, confirming whether the size criteria and any relevant exclusions are met, and then building the accounts from your underlying financial records. The focus is on presenting the balance sheet, notes and supporting information appropriately for a micro-entity, keeping the figures consistent with the bookkeeping behind them, and making sure the resulting FRS 105 financial statements are ready for the company’s own filing obligations. If you are unsure whether your company qualifies or whether FRS 105 is the right framework for the current period, a conversation about your situation is the sensible first step.

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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 Plain English

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it is the lightest of the UK accounting frameworks, written specifically for very small companies, and it allows a more concise set of accounts than the fuller disclosure frameworks require. Under FRS 105, the emphasis is on a straightforward balance sheet approach, with simpler measurement rules and far fewer notes than you would see in accounts prepared under FRS 102. It is important to understand that FRS 105 is not something a company is automatically placed into. The micro-entities regime is an available accounting regime, and FRS 105 applies when a company both qualifies for that regime and decides to apply it. A company that qualifies may instead choose a different framework, and a company that does not meet the eligibility conditions cannot simply opt in. For directors in River Tyne running a small limited company, understanding which framework applies is the foundation for accurate FRS 105 Micro Entity Accounts: it affects how the figures are presented, what notes are included and how the accounts read to anyone who reviews them.

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. Alongside those size conditions, other eligibility rules and exclusions can apply, and the position may be affected by factors such as group relationships or the nature of the company’s activities. That is why meeting the size thresholds should be treated as the beginning of the assessment rather than proof of eligibility — it does not automatically guarantee that a company can use FRS 105. If your company qualifies and the directors decide the micro-entities regime is appropriate, FRS 105 is the standard used to prepare the accounts. If it does not qualify, or if the directors prefer a fuller framework, accounts are prepared under a different standard instead. For directors in River Tyne weighing this up, the practical questions are whether your company meets the conditions, whether any exclusion catches it, and whether the resulting FRS 105 Micro Entity Accounts will give you and anyone else who relies on them what they need.

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 is about accuracy and appropriateness: the accounts should reflect the company’s actual financial records and be presented in line with the reporting requirements that apply to a micro-entity. That means working from reliable bookkeeping — bank records, sales and purchase information, asset details, and any loans or amounts owed to and by the company — and then shaping those figures into a balance sheet and supporting notes that tell a consistent story. Because FRS 105 Micro Entity Accounts sit within a specific framework, the presentation differs from accounts prepared under FRS 102, and some judgements about measurement and disclosure need to be made carefully rather than by default. It is also worth being clear about what is separate from what. Preparing the financial statements and filing them with Companies House is one process; meeting Corporation Tax obligations, including submitting a CT600 to HMRC where required, is a distinct process with its own information needs. Neither one replaces the other, and a Confirmation Statement is separate again. Good preparation keeps those strands organised so that each filing is based on consistent figures and no obligation is overlooked.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your company may qualify for the micro-entities regime — or you are simply unsure which framework fits — get in touch to discuss your FRS 105 Micro Entity Accounts requirements. Tell us about your company, your accounting period, your current bookkeeping arrangements and anything unusual in the year, such as new assets, director’s loans, grants or a change in trading activity. With that information, we can assess your circumstances properly, explain whether FRS 105 looks like the appropriate route for your period, and set out clear, transparent pricing and fixed-fee options for the work involved. Whether you are a newly formed company in River Tyne preparing a first set of accounts or an established micro-entity looking for a smoother year-end, the starting point is a straightforward conversation about where you are now and what needs to happen next.

─── 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 applies to companies using the micro-entities regime. It is the simplest of the UK accounting frameworks, designed for very small companies, and it allows a more concise set of financial statements with fewer notes and simpler measurement rules than frameworks such as FRS 102. It is the standard that governs the content and presentation of the accounts — it is not a tax return, and it does not replace any filing obligation a company has.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is about size, but it also depends on the relevant rules and exclusions, so meeting a size test on its own does not guarantee that the regime is available to a particular company. Companies in regulated or specialist sectors, and certain other entities, may be excluded. Because eligibility depends on your specific circumstances, it is worth checking before assuming FRS 105 applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies may choose to apply it and prepare FRS 105 accounts, or it may decide to use a fuller framework instead. In practice, the choice often comes down to what the directors need from the accounts — for example, whether lenders, investors or group arrangements require more detail than a micro-entity set of accounts would provide.

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. These conditions sit alongside other eligibility rules and exclusions, and the position can be affected by whether the company is part of a group or has previously been classified differently. Meeting 2 of the 3 conditions is a starting point for assessment, not an automatic pass into the regime.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve companies of different sizes. FRS 105 is the micro-entities standard: it is shorter, allows simpler measurement, and requires far less disclosure. FRS 102 is a fuller framework used by larger small companies and others, with more detailed recognition, measurement and disclosure requirements. Choosing between them affects how the balance sheet is presented, what notes are included, and how much information is visible to anyone reading the accounts.

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

Where a company prepares accounts, it normally has filing obligations at Companies House for the accounting period. FRS 105 affects how those accounts are prepared and presented, not whether they need to be filed. It is also worth noting that Companies House does not approve, endorse or professionally review accounts it receives — the directors remain responsible for their content. Filing requirements can differ for a company's first period, so it is worth confirming the specific position for your company.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities framework, while a CT600 is a Corporation Tax Return submitted to HMRC. They are based on the same underlying records and figures should be consistent between them, but they serve different purposes and go to different bodies. Preparing accounts does not automatically complete your Corporation Tax obligations, and a CT600 is not a substitute for filing accounts. A Confirmation Statement is a further, separate filing.

What information is needed to prepare FRS 105 accounts?

In broad terms, we would need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and expenses, a list of assets owned by the company, and information on any loans, amounts owed to or by the company, and director's loan movements. Details of share capital and any changes during the year are also relevant. If your records are incomplete, that is usually something we can work through — but the more complete the information, the more straightforward the preparation tends to be.

What changes are coming to micro-entity accounts filing?

Company filing requirements in the UK have been under review, with a general direction towards greater consistency between the accounts filed at Companies House and the figures submitted for Corporation Tax purposes. Because detailed rules and implementation dates can change, and because the position may differ depending on your company's circumstances, it is worth checking current guidance or discussing your situation directly rather than relying on older assumptions about what needs to be filed and in what form.