─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Robertsbridge

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying companies that choose to apply the UK micro-entities regime. If your company meets the relevant size conditions and you decide the micro-entities regime is the right fit, FRS 105 sets out how your annual financial statements should be prepared and what they need to include. In practice, that means simpler, shorter accounts than those produced under a fuller reporting framework — but they still need to reflect your actual transactions, balances and accounting policies accurately. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built up properly from your bookkeeping records, are consistent with the disclosures the framework requires, and are suitable for your company’s particular circumstances in Robertsbridge and beyond. It also helps you avoid the common pitfalls, such as applying micro-entity simplifications to figures that need a different treatment, or filing accounts that don’t match the information used elsewhere.

🔥 SAVE £100.00

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 UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime set out in company law: if a company qualifies for that regime and chooses to use it, FRS 105 is the accounting framework that applies when the accounts are prepared. In simple terms, FRS 105 allows a much more straightforward set of financial statements. There is far less disclosure than under a larger framework, some measurement rules are simplified, and the accounts are designed to be short and readable rather than exhaustive. What FRS 105 does not do is remove the need for accuracy. Your figures still have to be based on real records, prepared on a consistent basis, and presented in line with the requirements of the framework. For directors of small companies, the appeal is usually practical: FRS 105 Micro Entity Accounts are quicker and less costly to prepare, they are easier to follow, and they still give a clear picture of the company’s position. The key point is that FRS 105 is a choice available to qualifying companies — not something that is automatically applied to every small company, and not necessarily the right answer in every situation.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is a two-part test: the company must fall within the size limits, and it must not be excluded from the regime by any of the other rules that apply. 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 two of those conditions is a strong indicator, but it is not the whole story. Certain types of company are excluded from the micro-entities regime altogether, and there can be additional considerations around group membership, the nature of the business, or a change in circumstances part-way through the year. It is also worth remembering that qualifying does not oblige you to use the regime — it is a choice, and some companies decide a fuller framework better suits their lenders, investors or long-term plans. If you are unsure where your Robertsbridge company stands, a short review of your figures and structure will usually give you a clear answer 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 starts with your underlying records: the sales and purchase information, bank and cash transactions, asset purchases, stock or work in progress where relevant, loans, director transactions and any balances owed at the year end. From there, the financial statements are built up in line with FRS 105 and the micro-entities regime, including the balance sheet, the profit and loss account and the small number of notes the framework requires. Getting this right matters because the accounts are public documents once filed. We prepare the financial statements from the information you provide, working through adjustments such as accruals, prepayments, depreciation and stock where they apply, and we explain the treatment in plain English so you can see how the numbers were reached. The accounts preparation and the Companies House filing are dealt with as one part of the process, while Corporation Tax is handled separately — a CT600 is a distinct submission to HMRC, calculated from the company’s taxable profits, and it is not the same thing as the statutory accounts themselves. Keeping those two strands clearly separated helps avoid confusion and helps ensure each filing is based on the right figures.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company, what it does, how it has been trading and how you currently keep your records, and share what you have for the year in question — bookkeeping exports, bank statements, invoices, payroll information, loan or asset details. From that, we can look at whether the micro-entities regime appears to suit your circumstances, talk through what the FRS 105 Micro Entity Accounts will include, and explain how the accounts preparation and filing fit together with your separate Corporation Tax obligations. We work with straightforward, transparent pricing and a clear view of what is needed and when, so there are no surprises along the way. Get in touch to discuss your requirements and we can take it from there.

─── 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 for micro-entities. It sets out how a qualifying company that chooses to apply the micro-entities regime prepares its annual financial statements, including the balance sheet, the profit and loss account and the limited notes required. It is deliberately simpler than the fuller reporting frameworks, with fewer disclosures and some simplified measurement rules, which is why it is popular with very small companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not automatic — it depends on meeting the applicable size conditions and on the company not being excluded from the regime for another reason. If a company is eligible but prefers more detailed reporting, it can use a different framework instead. Eligibility should always be checked against your company's specific circumstances before deciding.

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. Other rules and exclusions also apply, so meeting two of those conditions does not guarantee that a company qualifies. It is always worth confirming the position for your own company and accounting period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can choose to apply it, and FRS 105 is the framework that applies when that choice is made. Some qualifying companies prefer a fuller reporting framework for reasons of their own, such as the needs of lenders, investors or group reporting. The decision is one to make deliberately rather than by default.

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 intentionally stripped back, with minimal disclosure and simplified measurement. FRS 102 is a broader standard used by a much wider range of companies and includes considerably more disclosure and more detailed recognition and measurement requirements. Choosing between them affects how much detail appears in your accounts and how they are put together.

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

Yes — where a company prepares FRS 105 accounts, those accounts form the statutory financial statements and are filed at Companies House in the usual way, along with the other information required for that filing. Filing the accounts is a separate exercise from preparing them, and it is separate again from your Corporation Tax obligations. We handle the preparation and the Companies House filing together as part of the accounts process.

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

Yes, they are two different things. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, which reports the company's taxable profits and is calculated by adjusting the accounting profit for tax purposes. The accounts are the starting point, but the CT600 is a distinct filing with its own rules and deadlines.

What information is needed to prepare FRS 105 accounts?

Typically we need a full picture of the year's trading: sales and purchase records, bank and cash statements covering the whole period, details of any assets bought or sold, stock or work in progress figures if relevant, loan and finance agreements, details of amounts owed to or by the company at the year end, and any payroll information. Anything outstanding from the previous year, such as opening balances or prior accounts, is also useful. The more complete the records, the more straightforward the preparation tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can apply FRS 105 if it qualifies for the micro-entities regime and chooses to use it — but the first period is one to look at carefully. A company's first accounting period often covers more than twelve months, which can affect how turnover is assessed, and there may be unusual items such as formation costs or early director transactions. It is worth reviewing eligibility and the accounting treatment before the first set of accounts is prepared rather than assuming the regime applies.

What changes are coming to micro-entity accounts filing?

Company filing requirements have been evolving, and the move towards filing accounts and other information in a structured, software-based format is part of that wider direction of travel. Because the detail and timings of these changes affect how accounts are submitted rather than how they are prepared, it is worth confirming the current position for your own filing date. We keep the preparation and filing process aligned with the requirements that apply at the time, and we can talk through what it means for your company.