─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Rochester

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company is based in Rochester and meets the relevant eligibility conditions, FRS 105 Micro Entity Accounts can offer a simpler, more streamlined way to prepare your annual financial statements — with reduced disclosure requirements compared to larger reporting frameworks. Professional preparation helps ensure your accounts are put together appropriately for your company’s individual circumstances, reflecting the transactions, balances and accounting policies that actually apply to your business. It also helps you keep your statutory accounts and your other filing obligations clearly separated, so you know what is being prepared, what is being submitted and why. Whether you are a long-established Rochester company or a newer limited company weighing up your reporting options, we can talk you through how FRS 105 Micro Entity Accounts work in practice and what information we would need from you to prepare them properly.

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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: What It Means for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime — a simplified accounting framework available to companies that qualify as micro-entities and choose to use it. In plain terms, it sets out how a qualifying micro-entity prepares its annual financial statements, including the format of the balance sheet, the profit and loss account and the limited notes that accompany them. The idea is straightforward: smaller companies do not necessarily need the same level of disclosure as larger ones, so FRS 105 reduces the amount of detail that must be presented while still producing a set of statutory accounts. It is worth being clear about one thing — qualifying for the regime is not automatic, and applying it is a choice. A company that meets the size conditions still needs to consider the wider eligibility rules and any exclusions, and it is the directors who decide whether to adopt the micro-entities regime for a given accounting period. When that choice is made, FRS 105 is the standard that applies to those FRS 105 Micro Entity Accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies in the UK that qualify for the micro-entities regime and then choose to apply it — qualification opens the door, but it does not compel a company to walk through 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. Those figures are a useful starting point, but they are not the full test. Additional eligibility rules apply, and certain companies are excluded from the regime regardless of their size — for example, where the company’s circumstances fall outside the permitted categories. There is also the question of what the users of the accounts need to see, since a company that qualifies may still prefer a fuller reporting framework. For a Rochester company, the practical answer is to look at both the size conditions and the wider rules, then decide whether FRS 105 Micro Entity Accounts suit your reporting needs.

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.

Preparing Accurate FRS 105 Financial Statements for Rochester Companies

Preparing FRS 105 Micro Entity Accounts starts with your financial records — your bookkeeping, bank transactions, sales and purchase information, asset details and any other evidence that supports the figures in your accounts. From that information, we prepare a set of financial statements that follows the FRS 105 framework, including the balance sheet, the profit and loss account and the disclosures that the standard requires for a micro-entity. Where a company has more complex features, such as loans from directors, asset purchases or income that spans more than one period, these are considered carefully so that the accounts reflect what has actually happened in the business. It is also important to keep the different obligations distinct. FRS 105 relates to the accounting and financial reporting framework and the preparation of your statutory financial statements, which are then filed with Companies House within the statutory deadline that applies to your company. A Corporation Tax Return (CT600) is a separate filing made to HMRC, based on the company’s taxable profits. We can help with both, but they are not the same thing, and preparing one does not automatically complete the other.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts, or you are simply not sure whether the micro-entities regime is the right fit for your company, get in touch. Tell us a little about your business — what it does, how it is structured, roughly what its turnover, balance sheet total and employee numbers look like, and whether you are newly incorporated or already trading — and we can assess your circumstances and explain the options available to you. We will let you know what information we need to prepare your accounts, and we will keep you informed at each stage. There is no obligation, and no pressure: just a straightforward conversation about your reporting requirements and how we can help you meet them.

─── 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 when a qualifying micro-entity chooses to use the micro-entities regime. It sets out how the annual financial statements should be prepared and presented, with a simplified format and fewer disclosure requirements than the standards used by larger companies. In practice, it governs what your statutory accounts look like — the balance sheet, the profit and loss account and the limited notes that go with them.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK rules and that choose to apply the micro-entities regime. Qualifying is not the same as being required to use it, and not every small company will qualify. Eligibility depends on the size conditions being met, along with other rules and exclusions that can affect particular companies. Because those rules can apply differently from one business to the next, it is worth checking your specific position rather than assuming either way.

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 as a micro-entity can choose whether to apply it for a given accounting period, and the decision sits with the directors. Some companies prefer the reduced disclosure that comes with FRS 105 Micro Entity Accounts, while others choose a different framework because of the information their shareholders, lenders or other users want to see. It is a genuine choice, and it should be made with your circumstances in mind.

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. Meeting those size conditions is an important part of the picture, but it is not the whole test. Other eligibility rules and specific exclusions can apply to certain companies, so satisfying the thresholds does not automatically guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard used by a wide range of UK companies, and it permits a number of accounting policy choices together with more extensive disclosures. FRS 105 is a much more stripped-back framework designed specifically for qualifying micro-entities, with a simpler presentation and far fewer notes. The two are not interchangeable for the same set of accounts — a company applies one framework or the other, depending on whether it qualifies for and chooses the micro-entities regime.

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

Yes. Where a company prepares FRS 105 Micro Entity Accounts as its statutory financial statements, those accounts are filed with Companies House within the statutory deadline that applies to that company. Filing is done in the required format for micro-entity accounts, which differs from the format used for larger companies. Preparing the accounts and filing them are two steps in the same process, and it is worth keeping track of the deadline that applies to your own accounting reference date.

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

Yes, they are separate obligations. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities regime and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it is based on the company's taxable profits rather than being a copy of the accounts. The figures in your accounts will usually inform the tax return, so the two need to be consistent, but completing one does not automatically complete the other.

What information is needed to prepare FRS 105 accounts?

The starting point is a complete and accurate set of financial records for the accounting period — bookkeeping or accounting software reports, bank and credit card statements, sales and purchase records, payroll information if you employ staff, and details of any assets, loans or director transactions. It also helps to have your company registration details, your accounting reference date and, for a first set of accounts, information about how the company was set up and funded. The clearer your records, the more straightforward the preparation of your FRS 105 Micro Entity Accounts tends to be.