─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Rustington

FRS 105 Micro Entity Accounts give qualifying companies in Rustington a simplified way to prepare and present their annual financial statements. FRS 105 is the financial reporting framework that applies when a company qualifies for the UK micro-entities regime and actively chooses to adopt it — it is not an automatic entitlement, and meeting the size criteria alone does not guarantee that the regime is available. Professional preparation of FRS 105 Micro Entity Accounts involves working from your bookkeeping and financial records to build a balance sheet, profit and loss account and supporting notes in the format the standard expects, while reflecting your company’s actual circumstances, such as its trading pattern, assets, liabilities and any transactions with directors. If you run a small limited company in Rustington or the surrounding West Sussex area and want FRS 105 accounts that are prepared carefully and consistently, the first step is a straightforward conversation about how your business is structured and what it has done during the period.

🔥 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? Micro-Entity Accounts Explained

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for, and choose to apply, the micro-entities regime. In plain terms, it sets out how a qualifying company’s financial statements should look and what they need to include, using a simplified format with reduced disclosure compared with the standards used by larger businesses. Under FRS 105, accounts are generally prepared on a historical cost basis, with a shorter balance sheet, a profit and loss account in a prescribed layout, and far fewer notes than you would see in a fuller set of accounts. The important point is that FRS 105 is a choice rather than an obligation: a company that qualifies for the micro-entities regime may apply it, but it may also decide to use a different framework such as FRS 102. Where the micro-entities regime is chosen, FRS 105 is the standard that applies. For directors in Rustington weighing up their options, understanding this distinction is the starting point for deciding how the company’s FRS 105 Micro Entity Accounts should be prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — the two elements go together, because eligibility alone does not put a company onto FRS 105. 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. That is the headline test, not the whole story. Certain types of entity are excluded from the regime, particular rules apply to groups, charities, and companies with regulated or investment-related activities, and there can be other restrictions that affect whether a company can be treated as a micro-entity at all. It also matters whether the company is preparing its first set of accounts, since the measurement of turnover and the length of the accounting period can influence the assessment. For directors in Rustington, the practical answer is to look at the company’s own numbers and circumstances rather than assuming that being small automatically means FRS 105 applies — and to revisit that assessment each year, because a change in turnover, balance sheet total or headcount can affect which regime is open to you.

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

Putting together a compliant set of FRS 105 Micro Entity Accounts depends on having a complete and accurate picture of the company’s finances. That means assembling the bookkeeping records, bank and credit card statements, sales and purchase invoices, payroll information, details of assets acquired or disposed of, stock or work-in-progress values, and any loan, lease or director’s loan arrangements — then translating all of that into a balance sheet, profit and loss account and the limited notes required under FRS 105. The work is carried out on the basis of the company’s records and the reporting requirements that apply to it, and it is worth separating the different obligations involved: preparing financial statements, filing annual accounts with Companies House, and dealing with Corporation Tax are distinct tasks with their own rules, forms and timetables. In particular, a CT600 Corporation Tax Return is submitted to HMRC and is not the same thing as the accounts themselves, even though the two are closely related in practice. Working with an experienced preparer helps reduce the risk of inconsistencies and errors, but no accountant can guarantee a particular filing outcome or that a regulator or tax authority will accept a return — what good preparation does is give you a clear, well-documented basis for what you submit.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts, whether you are preparing a first set of micro-entity accounts, switching to the micro-entities regime, or simply want the figures checked before they go out, get in touch and tell us about your company. It helps to have to hand your latest accounts, a summary of your income and expenses, details of any assets, liabilities and loans, and an idea of what has changed since the last accounting period. With that information we can look at your circumstances, explain what FRS 105 involves in your case, and talk you through the practical next steps for preparation and filing. There is no obligation and no pressure — just a clear, jargon-free discussion about the right approach for your business in Rustington.

─── 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 in simple terms?

FRS 105 is the UK financial reporting standard for micro-entities. It tells qualifying companies how to prepare a simplified set of financial statements — a prescribed balance sheet, a profit and loss account and a small number of notes — with fewer disclosures than larger companies have to provide. It is the standard that applies when a company qualifies for the micro-entities regime and decides to use it.

Who can use FRS 105?

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 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. Other eligibility rules and exclusions can also apply, so meeting the size thresholds alone does not automatically mean the regime is available — the specific circumstances of the company matter.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not oblige you to use FRS 105. It is an option, and some companies prefer to use a different framework such as FRS 102. What matters is making a deliberate choice and applying the selected framework consistently, because once you have adopted FRS 105, moving to another standard is generally done only in the circumstances the rules allow.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined standard for micro-entities, built around historical cost and a shorter, more prescriptive format with minimal disclosure. FRS 102 is a broader standard covering a much wider range of recognition, measurement and disclosure requirements, and it is commonly used by small companies through its reduced disclosure section for small entities. In short, FRS 105 is the lighter option, and the two are not interchangeable — the framework you use affects how the figures are presented and what appears in the notes.

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

Micro-entity accounts are prepared to report to the company's members, and in most cases a company's annual accounts are also filed with Companies House as part of its filing obligations. The exact filing requirements depend on the company's situation, including its size and whether it is entitled to any exemptions. Filing the accounts is a separate step from preparing them, and separate again from anything submitted to HMRC.

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

Yes. FRS 105 governs how the company's financial statements are prepared, while the CT600 is the Corporation Tax Return submitted to HMRC. The tax return is driven by the company's taxable profits and by tax rules that differ from accounting rules, so the figures on the return are not simply copied across from the accounts. Both need attention, and it is worth understanding how they interact rather than treating them as the same task.

Can a new limited company use FRS 105?

It can, if it qualifies for the micro-entities regime and decides to apply it. A company in its first accounting period still has to be assessed against the relevant size conditions and any other eligibility rules, and the way turnover is measured in a first period can be affected by the fact that the period may be longer or shorter than twelve months. A new company that does not qualify, or that prefers a different framework, would use another standard instead.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Usually you will need your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase invoices, payroll records, details of assets bought or sold, any stock or work in progress, information about loans, leases and director's loans, share capital details, and the previous year's accounts if there are any. Having these ready makes it much quicker to produce clear, well-supported FRS 105 financial statements.