─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ruthin

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which have chosen to use the UK micro-entities regime. If your company is based in or around Ruthin and you are considering this route, professional preparation can help ensure your accounts are put together appropriately for your particular circumstances — reflecting your actual trading activity, the assets and liabilities on your balance sheet, and the disclosures that the framework expects at this level. Unlike a one-size-fits-all template, a properly prepared set of FRS 105 Micro Entity Accounts considers whether the regime genuinely suits your company, what your financial records show, and how the resulting financial statements fit alongside your other filing obligations. It is worth noting that FRS 105 is not automatic: a company must qualify as a micro-entity and must actively choose to apply the regime. Whether you are filing your first set of accounts, switching from a different framework, or simply want reassurance that your figures and disclosures are presented sensibly, working with someone who understands FRS 105 Micro Entity Accounts can make the process clearer and less stressful.

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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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 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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   Matthew Lyon 
 
 
 
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─── FRS 105 EXPLAINED

FRS 105 Explained: What It Means for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that meet certain size conditions. It sits alongside the micro-entities regime, which is an optional accounting regime rather than a mandatory one. In simple terms, if your company qualifies as a micro-entity and you decide to apply that regime, FRS 105 is the framework you use to prepare your financial statements. Because the regime is designed for very small businesses, FRS 105 keeps things relatively straightforward: the accounts are simpler in structure and require far fewer disclosures than the fuller standards used by larger companies, but they still need to present a fair and consistent picture of the company’s financial position and performance. That typically means a simple balance sheet, limited notes, and figures drawn directly from your bookkeeping records. For a Ruthin-based company weighing up its options, understanding FRS 105 matters because it affects how your accounts look, what information they contain, and how they are filed. It is also important to separate this from your tax position — FRS 105 governs how the accounts are prepared and reported, not how much Corporation Tax your company owes. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies once that choice is made.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then decide to apply it. Eligibility is not simply a matter of being small — certain company types and situations fall outside the regime, so the rules and exclusions need to be considered alongside the size conditions. 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 two of those three is the starting point, not the whole test. Companies that are not eligible, or that qualify but prefer a fuller reporting framework, would look to a different standard instead. If you run a company in Ruthin and are unsure where you stand, it is worth reviewing your position before deciding, because the framework you choose shapes how your financial statements are prepared and presented.

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 properly starts with your financial records — bank statements, sales and purchase information, expense records, asset details, and any loans or balances outstanding at the year end. From there, the accounts are built up in line with the applicable reporting requirements for the micro-entities regime, producing a balance sheet and supporting notes that reflect your company’s position. It is helpful to keep two separate things in mind. First, there is the preparation of the financial statements themselves and their filing with Companies House as part of your annual accounts submission. Second, there is your Corporation Tax position, which is dealt with through a separate CT600 return submitted to HMRC. FRS 105 Micro Entity Accounts and a CT600 are not the same document, and neither substitutes for the other — the accounts are the financial statements, while the CT600 is the tax filing. A Confirmation Statement is a further, separate requirement. Working with an experienced preparer means your figures are presented clearly, your disclosures suit the framework, and you understand which document goes where. No preparation can guarantee a particular outcome, but careful, methodical work gives your accounts the best chance of being accurate and consistent with your records.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Ruthin

If you would like help with your FRS 105 Micro Entity Accounts, the best place to start is a straightforward conversation about your company. Tell us about your trading activity, how your records are kept, your year-end date, and whether you have filed micro-entity accounts before. We can then look at whether the micro-entities regime appears to suit your circumstances and explain what information we would need to prepare your accounts. Whether you are a newly incorporated company, an established small business reviewing your reporting framework, or a director who simply wants the process handled clearly from start to finish, get in touch and we will talk through your requirements and the next practical steps.

─── 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 designed for micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime prepare their financial statements, keeping the format simple and the disclosure requirements limited compared with the fuller standards used by larger businesses. In practice, that usually means a straightforward balance sheet with a small number of supporting notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not automatic and is not based on size alone — certain company types and circumstances are excluded, so other eligibility rules can apply. 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. Meeting those conditions does not by itself guarantee eligibility, so the specific rules and exclusions should always be checked.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional accounting regime. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. If a qualifying company prefers, it can use a different framework instead — FRS 102, for example. The decision often comes down to the level of detail the directors want in the accounts and how the company wishes to present its financial position.

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 the micro-entities standard: it is simpler, requires fewer disclosures, and is built around a small company's typical balance sheet. FRS 102 is a fuller framework used by a much wider range of companies, and it generally calls for more detailed accounting treatments and more extensive notes. Which one suits a company depends on its size, its circumstances, and what the directors want from the accounts.

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

Yes — where a company prepares FRS 105 Micro Entity Accounts, those financial statements form the basis of its annual accounts filing with Companies House, alongside any other information the filing requires. The accounts are the financial statements; they are separate from tax filings. It is worth keeping your filing obligations in view throughout the year so that nothing is missed.

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

Yes, they are two distinct documents with two different purposes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities framework, while the CT600 is the Corporation Tax Return submitted to HMRC to report the company's tax position. The figures in your accounts often inform the tax return, but the accounts themselves are not a tax filing, and a CT600 is not a substitute for filing accounts. A Confirmation Statement is a further separate requirement.

Can a new limited company use FRS 105?

It can, provided it qualifies for the micro-entities regime and chooses to apply it. Newly incorporated companies often fall comfortably within the size conditions in their early periods, but eligibility also depends on the type of company and any applicable exclusions, so it should be confirmed rather than assumed. A first set of accounts is also a good moment to think about which framework will suit the company as it grows.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records or a summary of income and expenses, bank statements, sales and purchase information, details of any assets owned by the company, and figures for any loans, director's balances or other amounts outstanding at the year end. Details of share capital and any dividends paid are also useful. With that information, the accounts can be prepared and any queries about the figures resolved before filing.