─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Saffron Walden

FRS 105 Micro Entity Accounts give qualifying companies in Saffron Walden access to the simplest financial reporting framework available under UK GAAP. FRS 105 is the standard that applies when a company qualifies for, and chooses to apply, the micro-entities regime — it is an available accounting regime rather than something every small company automatically uses. Professional preparation helps make sure your FRS 105 financial statements reflect your actual trading activity, are presented in line with the requirements of the standard, and are consistent with the records and information you already hold. If you run a small limited company in Saffron Walden, whether a newly incorporated business, a consultant, a shop, a trades business or a property or holding company, we can talk you through whether the micro-entities regime is likely to suit your circumstances and prepare FRS 105 Micro Entity Accounts that are clear, accurate and properly tailored to your company rather than produced from a generic template.

🔥 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

FRS 105 Explained: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime. In simple terms, it is the rulebook that tells you how your annual accounts should be put together, and it is deliberately the least complicated option available. Under FRS 105, accounts are prepared on a historical cost basis, and the standard is built around a simpler approach to measurement and disclosure than the fuller frameworks used by larger companies. The result is a set of financial statements that shows the essentials: a balance sheet, a profit and loss account and a small number of supporting notes, together with the directors’ and accountants’ reporting requirements that apply. FRS 105 is not imposed on every small company. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 applies when that regime is used — some companies instead report under FRS 102, including the FRS 102 Section 1A regime for small entities. For directors in Saffron Walden weighing up the options, the practical point is that FRS 105 can reduce the volume of disclosure and the time spent on accounts preparation, provided the company genuinely qualifies and the regime suits how the business is structured.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that decide to apply it. Qualification is a question of both size and status: the company must fall within the micro-entity size conditions and must not be caught by any of the exclusions that take certain entities outside the regime. For accounting periods beginning on or after 6 April 2025, the size conditions are 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 — and a company generally needs to meet at least 2 of those 3 applicable conditions, subject to the relevant rules and exclusions. Those figures are the starting point, not the whole test. A company can be well within the turnover and employee limits and still not be eligible, and eligibility can change from year to year as a business grows, takes on investment, changes its legal form or becomes part of a group. For directors in Saffron Walden, the sensible approach is to check the position for each accounting period before deciding which framework to apply, and to revisit the decision if the company’s circumstances shift rather than assuming that once you are on the micro-entities regime you stay there automatically.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records — bookkeeping, bank transactions, sales and purchase information, expense records, asset purchases, loans, director balances and the supporting documents behind them. From that information we build a set of FRS 105 financial statements that reflects the company’s position and performance in line with the applicable reporting requirements for the micro-entities regime. It is worth being clear about the two separate jobs that often get bundled together. Preparation of the accounts and their filing with Companies House is one exercise; the Corporation Tax Return, form CT600, is a separate submission made to HMRC under the corporation tax rules, and a Confirmation Statement is a further, distinct filing that simply confirms details on the register. FRS 105 accounts inform the tax position but they are not the same document as a CT600, and we keep the two clearly separated so nothing is missed. Our role is to prepare the accounts carefully, explain the figures and the judgements behind them, and make sure the information filed is consistent with your records — we do not claim any outcome is guaranteed, and acceptance of any filing is a matter for the relevant authority.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts in Saffron Walden, get in touch for a straightforward conversation about where your company stands. Tell us about your business, your accounting period, how your records are currently kept and whether you have traded for a full period, and we can assess whether the micro-entities regime looks like the right fit for your circumstances. Bring along your latest accounts or draft figures if you have them, along with details of any income, expenses, assets, loans or director transactions, and we will explain what is needed and what the process involves from there. If FRS 105 is not suitable or you do not qualify, we will say so and talk you through the alternatives — including FRS 102 Section 1A reporting — so you can make an informed decision rather than simply defaulting to one framework.

─── 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 sets out how the annual accounts should be prepared, including the basis of measurement and the limited disclosures required. It is the simplest of the UK GAAP frameworks and is intended to reduce the reporting burden on the smallest companies, while still producing a balance sheet, a profit and loss account and a small number of notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualification depends on size and on the company not falling within any of the relevant exclusions, for example certain types of entity that are outside the regime regardless of how small they are. It is a choice for those who qualify, not an obligation, and some qualifying companies prefer to report under FRS 102 Section 1A instead.

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 following 3 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 on its own a guarantee of eligibility, because other rules and exclusions can apply. It is worth checking your position for the specific accounting period in question rather than assuming the regime is available.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not mean you must use FRS 105. The regime is an option available to companies that qualify, and FRS 105 is simply the standard that applies if you decide to use it. Some directors prefer the slightly fuller disclosure available under FRS 102 Section 1A, for example where a lender, investor or group arrangement expects a particular level of detail. The right answer depends on your circumstances.

What is the difference between FRS 105 and FRS 102?

FRS 105 is designed for micro-entities and is the more streamlined of the two, using a historical cost basis and requiring fewer disclosures. FRS 102 is the wider UK GAAP standard used by larger or otherwise non-qualifying entities, and small companies that do not use the micro-entities regime typically apply the small entities regime in Section 1A of FRS 102. Choosing FRS 105 usually means less disclosure and simpler accounts, but it can also mean less information is available in the public accounts for anyone reviewing them.

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

Yes — where the company prepares accounts for a financial year, those accounts are filed at Companies House in the normal way, within the statutory filing deadline for the company. Filing is a separate exercise from dealing with HMRC, and it is also separate from the Confirmation Statement, which confirms details held on the register and is not a set of accounts. We can prepare the accounts and handle the Companies House filing as part of the same piece of work.

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

Yes, they are two different things. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, and it is driven by the tax rules rather than the accounting framework, with adjustments such as disallowable expenses and capital allowances applied to the accounts figures. Preparing the accounts and preparing the tax return go hand in hand, but they are distinct filings with distinct purposes.

What information is needed to prepare FRS 105 accounts?

As a starting point, we need your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, details of any stock or work in progress, asset purchases and disposals, loan and finance agreements, and particulars of director's loan account movements. If you have previously filed accounts, those are useful too. Anything unusual — a one-off transaction, a change in how the business operates, or a balance with a connected party — is worth flagging early so it can be considered while the accounts are being prepared.