─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Roxburghshire: Clear Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to use the micro-entities regime. In Roxburghshire, many small limited companies and similar entities find that this regime offers a simpler, more concise way to present their financial position, because FRS 105 is designed around the needs and scale of genuinely small businesses rather than larger trading entities. Choosing the regime is a decision, not an automatic outcome — a company needs to satisfy the applicable eligibility conditions and be comfortable with the reporting and disclosure consequences that come with the micro-entities regime. Professional preparation helps you work through that decision properly, so the financial statements reflect your actual transactions, your accounting records and the requirements that apply to your circumstances, and so that the figures presented to Companies House and used for your own decision-making are consistent and supportable. If you run a small company in Roxburghshire and want to understand whether FRS 105 Micro Entity Accounts are the right fit, expert help takes the guesswork out of the process.

🔥 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

What Is FRS 105? The Micro-Entities Regime Explained for Roxburghshire Companies

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the UK’s micro-entities regime, which is an available accounting regime rather than a compulsory one: a company that qualifies for it can choose to apply it, and FRS 105 is the standard that applies when that choice is made. In practice, FRS 105 financial statements are shorter and more streamlined than accounts prepared under larger-entity standards. There is less narrative reporting, fewer disclosure notes and a simpler measurement basis, which means the accounts focus on the essentials — what the company owns, what it owes, what it earned and what it spent over the period. For a Roxburghshire business with straightforward trading activity, that can make the annual accounts easier to read and quicker to finalise. It is important to be clear about what FRS 105 is not: it is not a tax return, it is not a substitute for a Confirmation Statement, and it does not remove the need to keep proper accounting records or to consider other filing obligations. It is the accounting and financial reporting framework used to prepare a qualifying micro-entity’s financial statements when the micro-entities regime is chosen.

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 — so eligibility and choice are two separate steps. 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. Those conditions are a starting point rather than the whole test. Other rules and exclusions apply, some companies and entity types are not permitted to use the regime, and a company that previously qualified may fall out of it as it grows. It also matters whether the company’s accounts are required to be prepared under a different framework for another reason, such as the requirements of a lender or a parent company. For Roxburghshire businesses, the practical approach is to look at the actual figures for the period being reported, apply the relevant conditions and exclusions carefully, and then decide whether applying FRS 105 Micro Entity Accounts is appropriate — rather than assuming that being small automatically means the regime applies.

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 Based on Your Financial Records

Preparing FRS 105 Micro Entity Accounts is not simply a matter of moving last year’s numbers across. The figures need to be built from your underlying financial records — bank transactions, sales and purchase records, payroll information, asset purchases, loans and any other balances — and then presented in the format and on the measurement basis that FRS 105 sets out for micro-entities. A professional prepares the financial statements on that basis, checks that the disclosures included are the ones the regime requires (and that nothing inappropriate for a micro-entity has been added in), and makes sure the accounts and the underlying records agree. It is worth separating the different strands of your company’s annual obligations: preparing the FRS 105 financial statements, filing accounts with Companies House, and dealing with Corporation Tax all sit alongside one another but are distinct exercises, with the Corporation Tax Return (CT600) being a separate submission to HMRC based on the company’s taxable profits rather than a copy of the accounts. For Roxburghshire companies, having the accounts prepared and reviewed by someone who works with the micro-entities regime regularly reduces the risk of avoidable errors and gives you a set of financial statements you can rely on and explain.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Roxburghshire

If you are unsure whether the micro-entities regime suits your company, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, get in touch and let’s work through it. Tell us about your business — what it does, how it is structured, roughly what level of turnover and balance sheet it carries, how many people it employs and how your records are currently kept. Share your bookkeeping, bank statements, invoices and any other supporting information, and we can assess your circumstances, explain how FRS 105 applies to a company like yours, and set out what is needed to prepare the accounts. Whether you are filing for the first time, switching framework, or looking for a second pair of eyes on an existing set of accounts, we are happy to talk through your options in plain English.

─── 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 qualifying companies that choose to apply the micro-entities regime should prepare their financial statements — including the measurement basis for assets and liabilities and the limited disclosures required. It is deliberately shorter and simpler than the standards used by larger companies, which is why it is popular with small owner-managed businesses in Roxburghshire and across the UK.

Who can use FRS 105, and what are the current eligibility criteria?

FRS 105 is available to 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 is not the whole story — other rules and exclusions can affect whether a particular company qualifies, and some entities are excluded from the regime altogether. Eligibility also needs to be considered for each period rather than assumed from previous years.

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 can choose to apply it, and FRS 105 is the standard used when that choice is made. Some qualifying companies instead prepare accounts under a different framework because of a lender's requirements, a group relationship, a planned transaction, or simply a preference for fuller disclosure. It is a decision worth making deliberately, with an understanding of how the resulting accounts will look.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general UK financial reporting standard and applies to a much wider range of companies, including small companies that do not use the micro-entities regime. FRS 105 is narrower and more prescriptive: it is only for qualifying micro-entities, and it comes with a simpler measurement basis and far fewer disclosure requirements. In broad terms, FRS 105 accounts are shorter and more streamlined, while FRS 102 accounts give a fuller picture with more notes and additional accounting policy options.

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

Companies that prepare FRS 105 accounts still have annual filing obligations. In most cases the financial statements are filed with Companies House, and the micro-entities regime allows a more concise form of accounts to be delivered. Filing requirements have been subject to change in recent years, and the format and content of what is filed must reflect the regime being used, so it is worth confirming the current position for your company before submitting. Filing the accounts is separate from your Corporation Tax obligations.

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

Yes, they are separate deliverables. The FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, dealing with the company's financial position and performance. The CT600 is the Corporation Tax Return submitted to HMRC, which calculates the company's taxable profits and the tax due under tax rules. The accounts usually provide the starting point for the tax computation, but the two documents serve different purposes, go to different bodies, and are prepared on different bases.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 for its first set of accounts if it qualifies for the micro-entities regime and chooses to apply it, and if none of the exclusions apply. In practice, first-period accounts need care: the period may be longer or shorter than twelve months, there may be pre-trading costs and start-up transactions to account for, and eligibility needs to be assessed on the period actually being reported. Taking advice early helps you set up records in a way that makes the first set of FRS 105 Micro Entity Accounts straightforward.

What information is needed to prepare FRS 105 accounts?

At a minimum, you will need complete records for the period, including sales and purchase information, bank and cash records, payroll details, details of any loans or finance agreements, and records of significant asset purchases or disposals. Opening balances, prior-year accounts, and any relevant loan agreements or contracts are also helpful, along with an indication of what the company owns and owes at the period end. The cleaner and more complete the underlying records, the more reliable the resulting financial statements and the fewer queries there are to resolve along the way.