─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Rudyard: Clear, Professional Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under FRS 105, the financial reporting standard that applies to companies which qualify for the UK micro-entities regime and choose to apply it. If your company is based in Rudyard and meets the relevant size conditions, the micro-entities regime can offer a simpler, more streamlined route to preparing and filing annual accounts — but the detail still has to be right. Professional preparation of FRS 105 Micro Entity Accounts helps ensure your figures are presented in line with the framework, that the disclosures included are appropriate to your circumstances, and that your accounts are consistent with the records and information you hold. Just as importantly, it gives you a clear picture of your company’s position rather than a set of numbers that simply satisfies a filing requirement. Because eligibility depends on the specific rules and exclusions that apply to your company, not merely on size, the starting point is always a sensible conversation about your circumstances before any accounts are prepared.

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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 the Micro-Entities Regime Means for Your Rudyard Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out how a very small company prepares its annual accounts, and it is deliberately simpler than the standards used by larger businesses. Rather than following the fuller measurement and disclosure requirements found in FRS 102, FRS 105 works on the basis that accounts should reflect the company’s transactions in a straightforward way, with a much shorter set of notes and a simpler balance sheet and profit and loss account format. The key point is that FRS 105 does not apply to everyone automatically: it sits alongside the UK micro-entities regime, which is an available accounting regime for companies that qualify. A qualifying company can choose to apply that regime, and FRS 105 is the standard it then uses to prepare its financial statements. If the regime is not used, a different reporting framework will apply. For a Rudyard-based company, understanding which framework applies before the year end — rather than after — makes the whole process far more straightforward, because it shapes how records are kept and what information is needed.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and actively 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. It is important to be precise about what that means in practice. Meeting two of the three conditions is the starting point, not the whole test — the micro-entities regime also carries its own eligibility rules and a range of exclusions, so there are circumstances in which a company that appears small enough is nonetheless unable to use it. Some types of entity and some kinds of activity fall outside the regime altogether, and companies that are part of a group can face additional considerations. For a Rudyard-based company, the sensible approach is to look at the applicable conditions for the period in question, check the exclusions, and then decide whether applying the micro-entities regime is appropriate — and to revisit that decision if the company’s size or activities change from one year to the next.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your company’s own financial records — bookkeeping, bank transactions, sales and purchase information, asset details, and any relevant agreements or loan arrangements. From that information, the accounts are drawn up so that the figures presented reflect the company’s transactions and position in line with the applicable reporting requirements under the micro-entities regime. The work splits into two distinct strands that are often confused. The first is the preparation of the financial statements themselves: the balance sheet, the profit and loss account, and the limited notes that FRS 105 requires, together with the supporting information needed for approval and signing. The second is the separate filing of those accounts with Companies House, which has its own format and submission process. Corporation Tax is a third, separate matter: a CT600 is a tax return submitted to HMRC, not part of the accounts, and the figures used in each are not automatically identical. Keeping these strands clearly separated helps avoid surprises. The aim throughout is accounts that are accurate, well-presented, and consistent with the records behind them — not a guarantee of any particular outcome, but a careful, methodical approach suited to a micro-entity in Rudyard.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Rudyard

If you would like your FRS 105 Micro Entity Accounts handled with care, or you are simply unsure whether the micro-entities regime is the right fit for your company, the next step is a conversation. Tell us about your company — what it does, how it is structured, roughly where it sits in terms of turnover, balance sheet total and employees, and any unusual transactions or arrangements it has — and we can help you assess your circumstances and what is needed. Bring along your bookkeeping records, bank information, details of any assets or liabilities, and any correspondence you have received about your filing obligations. From there, you will get clear, practical guidance on preparing FRS 105 Micro Entity Accounts and on how the accounts fit alongside your separate Companies House and Corporation Tax responsibilities.

─── 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 a simplified basis for preparing annual accounts, including the formats for the balance sheet and profit and loss account and a much shorter set of disclosure notes than the fuller standards used by larger companies. It is the standard that applies when a qualifying company chooses to use the micro-entities regime.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualifying is not just a matter of size: the regime has its own eligibility rules and a number of exclusions, so some companies that look small on paper may not be able to use it. Eligibility also needs to be considered alongside the type of entity and the nature of its activities.

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 may choose to apply it — and if it does, FRS 105 is the standard used to prepare the accounts. A qualifying company can instead report under a fuller framework such as FRS 102, which involves more detailed measurement and disclosure requirements.

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 these 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. Meeting the size conditions does not by itself guarantee eligibility, because the relevant rules and exclusions also apply.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is a streamlined framework for qualifying micro-entities, with simpler formats and limited disclosures. FRS 102 is a fuller framework used by a much wider range of companies, involving more detailed recognition, measurement and disclosure requirements. The framework chosen affects how the accounts look and what must be included.

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

Accounts prepared under FRS 105 still need to be filed with Companies House as part of a company's annual filing obligations, using the format and submission process that applies to those accounts. Filing the accounts is a separate step from preparing them, and it is also separate from any Corporation Tax filing made to HMRC.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime; a CT600 is a Corporation Tax Return submitted to HMRC. The two are prepared for different purposes and can differ in the figures they use, even though both draw on the same underlying records. Filing one does not discharge the obligation to deal with the other.

What information is needed to prepare FRS 105 accounts?

Typically you will need complete bookkeeping records for the period, bank and cash information, details of sales and purchases, a list of assets and liabilities, information on any loans or director balances, opening balances if the company has traded before, and details of any unusual or one-off transactions. If the company is newly incorporated, information about share capital and the date trading began is also helpful.

What changes are coming to micro-entity accounts filing?

Companies House has been moving towards requiring small and micro-entity accounts to be filed using compatible software rather than simpler submission routes, as part of wider reforms to the filing process. Because the detail and timing of these changes matter, it is worth checking the current position before your next filing date and making sure your accounts are prepared in a way that can be filed correctly.