─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Royston
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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
Micro entity accounts submitted
Verified Google reviews
Typical Filing Turnaround
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.
─── FRS 105 EXPLAINED
FRS 105 Explained: What the Micro-Entities Regime Means for Your Company
Who Can Use FRS 105 in the UK?
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
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 with Accurate Financial Reporting
Talk to Us About Your FRS 105 Micro Entity Accounts in Royston
─── 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.
FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. It is deliberately simplified, allowing qualifying companies to prepare a shorter balance sheet and profit and loss account with substantially reduced disclosure compared with standards such as FRS 102. In practice, FRS 105 Micro Entity Accounts give a concise view of what the company owns, what it owes and what it earned during the period, without the longer notes and policy detail that larger reporting frameworks require.
FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based on size, and other eligibility rules and exclusions can also apply, so it is not simply a matter of being a small business. 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. Companies that sit within a group, or that fall into certain excluded categories, may need to look at their position more carefully.
No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can generally choose whether to apply it or to prepare its accounts under a different framework, such as FRS 102 Section 1A. That decision can affect how the accounts look, the level of disclosure provided and how certain items are measured, so it is worth considering what best suits your company and its users — banks, investors or other stakeholders may have a preference.
Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 102 is the standard used by a much wider range of companies and includes more detailed recognition, measurement and disclosure requirements, including options such as revaluation and fair value accounting. FRS 105 is the micro-entities standard: it is shorter, uses a simpler historical cost approach and requires far fewer disclosures. Choosing between them affects how the accounts are presented rather than changing the underlying trading results or the tax due.
Where a company prepares FRS 105 Micro Entity Accounts for its statutory reporting, those accounts are the ones filed at Companies House in line with the company's filing obligations. Filing accounts is separate from filing a Corporation Tax Return (CT600), which goes to HMRC, and from filing a Confirmation Statement, which is a different Companies House submission confirming the company's registered details. Companies House does not approve or review the accounts in an accounting sense — it receives them as part of the public record.
Yes, they are separate deliverables. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the 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 two documents are connected — the accounts usually form the starting point for the tax computation — but they serve different purposes and go to different authorities.
A newly incorporated company is not automatically outside the micro-entities regime, but a first-year company does not yet have a trading history to measure against the size criteria. In practice, the position is usually assessed on the basis of what the company expects to do, together with any other eligibility rules that apply to it. It is worth reviewing the framework choice early, because it shapes how the first set of accounts is structured.
Typically we need complete records for the accounting period: bank statements and reconciliations, sales and purchase records, details of any assets bought or sold, loan and hire purchase agreements, stock or work-in-progress information where relevant, payroll summary figures and any previous year's accounts. If you already use cloud accounting software, giving us access is usually the quickest route. The clearer the underlying records, the more straightforward it is to produce financial statements that properly reflect your company's position.
Companies House filing requirements have been evolving, with a move towards filing accounts in a digital, tagged format and a reduced reliance on abbreviated or filleted accounts. Because the detail and timing of these changes can affect how micro-entity accounts are submitted, it is sensible to check the current position for your own accounting period rather than relying on how filings were made in previous years. We can talk you through what the rules mean for your company when we review your FRS 105 Micro Entity Accounts in Royston.