─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ruislip Middx

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework used to prepare your annual accounts. FRS 105 is the smallest and simplest of the UK accounting standards, designed for qualifying micro-entities that want straightforward, appropriately presented financial statements rather than a fuller set of disclosures. For directors in Ruislip Middx, professionally prepared FRS 105 Micro Entity Accounts can help ensure the figures are drawn accurately from your bookkeeping records, presented in line with the requirements of the regime, and prepared with your company’s particular circumstances in mind — from the way assets and liabilities are recognised to the format of the balance sheet and the notes. It is important to note that eligibility is not automatic and depends on the relevant size conditions, the nature of the company, and any applicable exclusions, so a proper review of your position should always come before the 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  
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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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 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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 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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 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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 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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 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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Regime in Simple Terms

FRS 105 is the financial reporting standard that applies to UK companies using the micro-entities regime. In plain terms, it is the most streamlined accounting framework available: instead of producing a full set of accounts with extensive disclosures, a qualifying micro-entity prepares a simplified balance sheet, a small number of notes, and limited additional information. The regime itself is a choice, not an obligation — a company that qualifies is generally free to apply the micro-entities regime and therefore FRS 105, or to use a more detailed framework such as FRS 102 instead. FRS 105 accounts are prepared under specific measurement rules, which is why the framework suits straightforward, smaller businesses rather than companies with complex transactions, group structures or certain types of financial instruments. For directors in Ruislip Middx, the practical appeal is clarity: accounts that are easier to prepare, easier to read and focused on the essential financial position of the company, while still meeting the reporting requirements that apply to the chosen regime.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and then choose to apply it. The size test is the starting point. 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 two of those three conditions is a size measure, not a guarantee. Other eligibility rules and exclusions also apply, and some companies are prevented from using the micro-entities regime altogether regardless of how small they are. On top of that, the regime is optional: a qualifying company may instead prepare its accounts under a fuller framework. For directors in Ruislip Middx, the practical answer is to have the company’s turnover, balance sheet position, headcount and structure reviewed together, so that both eligibility and the choice of framework are considered properly before the accounts are 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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your underlying records — bank transactions, sales and purchase invoices, payroll information, asset purchases, loans and any other items that affect the company’s financial position. From there, the accounts are built to reflect the company’s circumstances under the reporting requirements that apply to the micro-entities regime, with the balance sheet and supporting notes presented in the required format. It is helpful to keep two separate strands in mind. First, the preparation of the financial statements themselves and, where relevant, their filing with Companies House. Second, the company’s Corporation Tax obligations, which are dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC — not through the accounts filing itself. Many directors find it useful to have both handled together so the figures are consistent, but they remain distinct requirements. Professional preparation focuses on accuracy, sensible presentation and a clear audit trail back to your records; it does not guarantee any particular outcome, and responsibility for the accounts and the company’s filings ultimately rests with the directors.

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Get Help With Your FRS 105 Micro Entity Accounts in Ruislip Middx

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, moving across from a different accounting framework, or simply want your year-end accounts handled properly, the sensible next step is a conversation about your circumstances. Have your latest bookkeeping or trial balance, details of your fixed assets and any loans, together with your previous year’s accounts, to hand — that is usually enough to assess whether the micro-entities regime is likely to be available to you and how your FRS 105 Micro Entity Accounts should be put together. We can talk through the accounts themselves, the separate Corporation Tax position, and any other filing obligations your company has, so you have a clear picture before anything is submitted.

─── 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 to companies using the micro-entities regime. It is the simplest of the UK accounting frameworks, allowing a qualifying micro-entity to prepare a streamlined balance sheet with limited notes rather than a full set of accounts with extensive disclosures. It sits within the same overall UK accounting framework as FRS 102, but applies only where a company qualifies for the micro-entities regime and chooses to use it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities and decide to apply the micro-entities regime. Broadly, that means the company must meet the applicable size conditions and must not fall within any of the exclusions that rule the regime out — for example, certain company types cannot use it regardless of size. Because the rules and exclusions can affect individual companies in different ways, it is worth checking your specific position rather than assuming eligibility from turnover alone.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use it. A company that qualifies can generally choose to apply the micro-entities regime — and therefore FRS 105 — or to prepare its accounts under a fuller framework such as FRS 102. The choice often comes down to the complexity of the company's transactions and whether the directors prefer the shortest possible set of accounts or a more detailed presentation.

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 size conditions is not the whole picture, as other eligibility rules and exclusions can apply, so the criteria should always be considered alongside the company's specific circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in depth. FRS 105 is designed for qualifying micro-entities and produces a simplified balance sheet with very limited disclosures and specific measurement rules. FRS 102 is a more comprehensive framework used by a much wider range of companies, requiring more detailed disclosures and offering accounting treatments that FRS 105 does not permit. Choosing between them depends on eligibility and on how much detail the directors want, or need, to present.

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

The accounts a company prepares for its members are also normally the accounts that must be filed at Companies House, although the filing requirements and any available options depend on the company's circumstances and the regime it has adopted. Filing the accounts is a separate exercise from dealing with Corporation Tax. Where micro-entity accounts are filed, the information made publicly available is generally more limited than for larger companies, which is one of the reasons the regime appeals to owner-managed businesses.

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

Yes. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and generally filed at Companies House. The CT600 is a separate Corporation Tax Return submitted to HMRC, which reports the company's taxable profits and calculates the tax due. The two are linked because the accounts figures usually inform the tax return, but they are distinct documents with distinct filing routes and deadlines.

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 as a micro-entity and the directors choose to apply the regime. In practice, first-year accounts often raise questions about the accounting period, the treatment of start-up costs, directors' loans and the split between share capital and other reserves, so it is worth getting the position reviewed early rather than leaving it until the filing deadline approaches.