─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Runcorn — Prepared for Qualifying Micro-Entities

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and our team supports Runcorn-based companies in preparing FRS 105 Micro Entity Accounts that reflect their circumstances properly. If your company meets the applicable size conditions and the micro-entities regime is the right fit, FRS 105 accounts can offer a simpler, more streamlined set of financial statements than the fuller frameworks available. Professional preparation focuses on taking the figures from your financial records — bookkeeping, sales and purchase information, bank records, asset details and any relevant transactions over the period — and presenting them in line with the recognition and measurement requirements that apply. Importantly, applying FRS 105 is a choice made by eligible companies, not something that happens automatically, and eligibility depends on more than headline size alone. We look at your company’s position, the accounting period in question and any relevant exclusions before recommending an approach, so that the FRS 105 Micro Entity Accounts prepared for your Runcorn business are appropriate, internally consistent and clearly presented for the people who rely on them.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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.
  
 
      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: The UK Micro-Entities Regime in Plain English

FRS 105 is the financial reporting standard written specifically for UK micro-entities. In simple terms, it is the rulebook that sets out how a very small company’s financial statements should be prepared when that company qualifies for, and chooses to use, the UK micro-entities regime. It sits alongside the other UK accounting frameworks — most notably FRS 102, which is used by a much wider range of companies — but it is deliberately simpler and shorter, designed around the reporting needs of genuinely small businesses. Under FRS 105, the financial statements focus on the basics: a balance sheet, a profit and loss account and a small amount of supporting information, with disclosure requirements kept to a minimum. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies when that regime is used — it is not forced on anyone, and not every small company will qualify. For directors in and around Runcorn, the practical appeal is straightforward: a reporting framework that matches the scale of the business, keeps the accounts understandable, and avoids the volume of notes and detail associated with larger frameworks. What it does not do is remove the underlying need for accurate records, sensible judgements about what is included, and a proper understanding of how the chosen framework affects the numbers.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then choose to apply it. Size is the starting point. 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. Meeting those conditions is a strong indication that the micro-entities regime may be available, but it is not the whole picture. The regime also carries its own rules and exclusions, and certain companies can be ineligible for reasons that have nothing to do with turnover, balance sheet size or headcount. Some entities are also excluded from using the framework regardless of how small they are, and there can be additional considerations for companies that are part of a group or that have particular activities. On top of that, the thresholds are not a permanent fixture — the size criteria have been updated over time, and the ones that apply depend on when the accounting period begins. For a company in Runcorn weighing up its options, the sensible approach is to check eligibility against the specific period and the specific circumstances, then decide whether applying the micro-entities regime and preparing FRS 105 Micro Entity Accounts is genuinely the right reporting choice — or whether a fuller framework such as FRS 102 better suits how the business is run and who relies on its accounts.

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 financial records and the reporting requirements that apply to your company’s specific situation. We work from the information you provide — accounting records, bank statements, invoices, payroll details, asset information and any significant transactions — and build financial statements that are consistent with those records and with the recognition and measurement principles of FRS 105. That includes considering whether the micro-entities regime is genuinely appropriate for the period in question, how individual items should be treated under FRS 105, and how the accounts should be presented so they are clear and meaningful to directors, shareholders and lenders. It is worth being precise about the separate pieces here. Preparing your financial statements and filing them with Companies House is one exercise; meeting your Corporation Tax obligations, including submitting a Corporation Tax Return (CT600) to HMRC, is a distinct one, calculated on its own basis and with its own deadlines. Our role is to help you get your FRS 105 Micro Entity Accounts in order, explain the choices and judgements involved, and keep the reporting process joined-up with your wider company filing and tax position, without overstating what any accounts preparation can guarantee.

ICAEW

ACCA

AAT

Need Help With Your FRS 105 Micro Entity Accounts in Runcorn?

If you are unsure whether the micro-entities regime suits your company, or you simply want your FRS 105 Micro Entity Accounts prepared properly without the guesswork, get in touch and let’s talk it through. Tell us about your company — the accounting period you need covering, the nature of your trading or activity, your bookkeeping records, any assets or liabilities, and whether this is the first set of accounts you are preparing under this framework. With that information we can look at your circumstances, confirm whether FRS 105 appears to be a suitable route for your business, and explain clearly what is involved, what we need from you and how our pricing works, using straightforward fixed-fee options where these fit. There is no obligation and no pressure — just a practical conversation about the reporting framework that makes sense for a business of your size in Runcorn.

─── 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 qualifying micro-entities that choose to apply the micro-entities regime. It sets out a simplified basis for preparing financial statements, with a short balance sheet, profit and loss account and limited supporting disclosures. It is one of several UK accounting frameworks, alongside standards such as FRS 102 which are used by larger or otherwise differently positioned companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then decide to apply it. Qualifying is not automatic and depends on more than size alone — the applicable eligibility rules, and certain exclusions, also need to be considered. A company that meets the size tests may still be ineligible for other reasons, so eligibility should always be checked against the specific company and accounting period before the framework is adopted.

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 can choose to apply it — which means FRS 105 applies — or it can use a different framework such as FRS 102. Some directors prefer the greater detail and disclosure of a fuller framework, for example where a lender, investor or group company wants more information. The decision is a reporting choice, and it should be made deliberately rather than by default.

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 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. These conditions sit within the wider rules for the micro-entities regime, and other eligibility requirements and exclusions can apply. Meeting the size conditions on their own does not automatically guarantee that a company qualifies.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes and types of company. FRS 105 is the micro-entities standard, kept deliberately short and simple, with minimal disclosure and a streamlined basis for measuring and presenting items. FRS 102 is a fuller framework used by a much broader range of companies, and it generally requires more detailed accounting treatment, more disclosures and more supporting notes. Choosing between them affects how the accounts look and how much work sits behind them.

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

Where a company prepares and files accounts under the micro-entities regime, those financial statements are generally delivered to Companies House as part of the company's annual accounts filing obligation. The accounts filing and your Corporation Tax position are separate matters: financial statements prepared for filing purposes are not the same document as a Corporation Tax Return (CT600), which is submitted to HMRC and computed on its own basis. It helps to treat them as two connected but distinct jobs.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which calculates the company's taxable profit and the tax due under tax rules rather than accounting rules. The figures can start from the same underlying records, but adjustments may be needed, so the two should not be treated as interchangeable.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and the directors choose to apply it — but newly formed companies often have limited or no trading history, which affects how the size conditions are assessed. In the first period there may also be practical points around a short or extended accounting period. It is worth reviewing the position before committing to a framework, rather than assuming the regime applies from day one.