─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Romford

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts are the financial statements your business will produce. FRS 105 sets out the financial reporting framework for qualifying micro-entities, covering how the balance sheet, notes and related disclosures should be presented under this regime. Preparing FRS 105 Micro Entity Accounts in Romford involves more than adding up your bookkeeping — it means applying the correct recognition and measurement rules, keeping the disclosures appropriate and making sure the figures that reach Companies House reflect the company’s actual financial records. Professional preparation can help you work through the detail, from reviewing your records and identifying what belongs in the accounts to presenting the information in a format suited to a qualifying micro-entity. Not every small company qualifies, and qualifying is not automatic, so the first step is always to review your circumstances before deciding whether FRS 105 is the right framework for your reporting period.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 UK Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. Alongside FRS 102 and FRS 101, it sits within the UK’s accounting framework, and it applies when a company qualifies for the micro-entities regime and chooses to use it. In simple terms, the micro-entities regime is an available accounting regime rather than something a company is forced into — you look at your size and your circumstances, decide whether the regime is suitable, and if you go ahead, FRS 105 is the standard you report under. What makes FRS 105 distinctive is its simplicity. It works on a historical cost basis, avoids revaluations and fair value adjustments, does not recognise deferred tax, and asks for far fewer notes than the fuller standards. The result is a set of FRS 105 financial statements that are shorter, more straightforward and easier for a director or lender to read, while still giving a true picture of the company’s assets, liabilities and financial position. For a small owner-managed company in Romford, that can mean less time spent on disclosure and more clarity in what is filed.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify as micro-entities and that choose to apply the micro-entities regime. Size is assessed against three conditions, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of the 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 those conditions does not, on its own, guarantee that FRS 105 is available or appropriate. The regime has its own eligibility rules and exclusions, and some companies are not permitted to use it regardless of size. There may also be practical reasons to prefer a fuller framework, such as a lender, investor or group requirement. If you run a company in Romford and want to know whether FRS 105 Micro Entity Accounts are the right route for your next set of financial statements, we can look at your figures and circumstances together and give you a clear view before anything is 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 Micro Entity Accounts and Accurate Financial Reporting

Professionally prepared FRS 105 Micro Entity Accounts start with your financial records and end with financial statements that follow the applicable reporting requirements for the micro-entities regime. That means working through your sales, purchases, expenses, bank transactions, payroll and asset records, then building the balance sheet and supporting notes on the historical cost basis that FRS 105 requires. It also means being clear about which task is which. Preparing the FRS 105 financial statements and filing the annual accounts with Companies House is one piece of work; your Corporation Tax Return (CT600) is a separate submission made to HMRC, based on the company’s taxable profits for the period. A Confirmation Statement is separate again. Keeping those obligations distinct helps you stay organised and avoids assumptions about what one filing does or does not cover. Our role is to prepare the accounts carefully from the information you provide, explain the basis on which the figures have been put together, and help you understand what is being submitted and where — so that your FRS 105 Micro Entity Accounts are consistent, well documented and ready for filing.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Romford

Whether you are preparing FRS 105 Micro Entity Accounts for the first time or want your existing reporting reviewed, we can help you work through the detail. Tell us about your company — its accounting period, what it does, the records you hold and whether you have already decided to apply the micro-entities regime — and we can assess how FRS 105 applies to your circumstances. From there we can talk you through what is needed, what the process involves and how the accounts connect to your wider filing responsibilities. Get in touch with your requirements and any questions, and we will 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 applies when a company qualifies for the micro-entities regime and chooses to apply it. The standard is deliberately streamlined: it uses a historical cost basis, does not allow revaluations or fair value accounting, does not recognise deferred tax, and requires far fewer disclosures than FRS 102. In practice, that produces shorter, simpler FRS 105 financial statements covering the company's balance sheet and supporting notes.

Who can use FRS 105?

FRS 105 is available to companies that fall within the UK's definition of a micro-entity and that decide to apply the micro-entities regime. Size is the starting point, but it is not the whole picture — certain entities are excluded from the regime and other rules can affect whether the regime is available. That is why eligibility should always be checked against your company's specific circumstances rather than assumed from turnover alone.

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 meets the size conditions may choose to apply it, and if it does, FRS 105 is the standard used. Equally, a qualifying company may decide that another framework better suits its reporting, particularly where it has more complex transactions, group relationships or a lender or investor who expects fuller disclosures. The choice should be a considered one.

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 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 conditions is usually the first step rather than the final answer, because additional eligibility rules and exclusions can apply. We can review your figures and circumstances to establish where you stand.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by most other UK companies and offers more accounting options, such as revaluation of certain assets, fair value measurement in defined cases and recognition of deferred tax. FRS 105 strips those options back in exchange for simplicity and reduced disclosure. Choosing between them is really a question of fit: FRS 105 suits straightforward micro-entities that want leaner financial statements, while FRS 102 may be more appropriate where the company's transactions or its stakeholders call for greater detail.

Do FRS 105 accounts need to be filed with Companies House, and is a Corporation Tax Return separate?

Yes, your annual accounts — prepared under FRS 105 if the micro-entities regime applies — form part of what is filed at Companies House for the accounting period. A Corporation Tax Return (CT600) is a separate document submitted to HMRC to report the company's taxable profits and calculate the tax due. A Confirmation Statement is separate again. Preparing the accounts and completing the CT600 are related but distinct pieces of work, and one does not replace the other.

Can a new limited company use FRS 105 in its first year?

Often a newly incorporated company will fall within the micro-entity size conditions, and if it does and chooses to apply the micro-entities regime, it can prepare FRS 105 Micro Entity Accounts for its first accounting period. It is not automatic, though. The company still needs to satisfy the eligibility rules and be comfortable that the framework suits its activities. For a first set of accounts, getting the basis and the disclosures right from the outset makes later periods much easier.

What information is needed to prepare FRS 105 Micro Entity Accounts?

We generally need your complete accounting records for the period — bank statements and reconciliations, sales and purchase invoices, expense records, payroll information, details of any assets bought or sold, loan and finance agreements, and stock or work-in-progress figures where relevant. If the company has traded before, the previous period's accounts are helpful too. Clear, complete records let us prepare the balance sheet and notes accurately and explain the figures back to you.