─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Saxilby: Prepared for Qualifying Micro-Entities

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts can provide a streamlined basis for preparing your annual financial statements. FRS 105 is the financial reporting standard designed for qualifying micro-entities; it is not an automatic entitlement simply because a company is small. Eligibility depends on the applicable size conditions and on other rules and exclusions. Working with an experienced accountant in Saxilby can help you assess whether the regime is suitable, prepare accounts from your records, and keep the financial statements aligned with the framework in a way that reflects your company’s circumstances.

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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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   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.
  
 
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   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 in Saxilby

FRS 105 is the UK financial reporting standard for companies that qualify for, and choose to apply, the micro-entities regime. In simple terms, it sets out how qualifying micro-entity companies prepare their annual accounts and financial statements, often with simpler disclosure requirements than larger reporting frameworks. It does not remove the need to keep proper accounting records, and it is not the same as a Corporation Tax Return or a Confirmation Statement. Qualifying companies can choose to apply the micro-entities regime; where they do, FRS 105 is the accounting framework that applies. For a company in Saxilby, professional support can help confirm whether FRS 105 Micro Entity Accounts are appropriate and prepare the figures and disclosures accordingly.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Saxilby Companies

FRS 105 is intended for UK companies that qualify for the 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 applicable size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not automatically mean a company can use FRS 105. If your Saxilby company qualifies and the micro-entities regime is chosen, FRS 105 Micro Entity Accounts can be prepared on that basis.

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 in Saxilby

FRS 105 Micro Entity Accounts should be prepared from your company’s financial records and with reference to the applicable reporting requirements for the micro-entities regime. A professional accountant can help you organise bookkeeping, review income and expenses, and produce financial statements that reflect the company’s position and performance for the period. Where required, those accounts may then be filed at Companies House, while Corporation Tax obligations are dealt with separately through a CT600 submitted to HMRC. Preparation does not guarantee acceptance or a particular tax outcome, but it can help reduce the risk of avoidable errors and support clearer reporting for your Saxilby company.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Saxilby

To move forward with your FRS 105 Micro Entity Accounts, get in touch to discuss your company’s circumstances. It helps to have your latest financial records, details of income and expenses, confirmation of your accounting period, and any previous accounts to hand. We can talk through whether the micro-entities regime may be appropriate for your company and what information is needed to prepare FRS 105 accounts. Contact us to start the conversation about your FRS 105 Micro Entity Accounts in Saxilby.

─── 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 for companies that qualify for and choose to apply the micro-entities regime. It sets out simplified recognition, measurement and disclosure requirements for micro-entity financial statements. It is an accounting framework rather than a tax return, and it applies only when the micro-entities regime is used.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and choose to apply it. This can include newly incorporated companies if they qualify and choose the regime. Qualifying is not automatic, and certain companies may be excluded, so eligibility depends on the applicable size conditions and other rules.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is available for qualifying companies that choose to use it. If a qualifying company decides to apply the regime, FRS 105 is the framework that applies. A company may instead prepare accounts under another framework if it is eligible to do so and that choice is appropriate.

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting these size conditions alone does not always mean the company qualifies.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a standalone financial reporting standard for qualifying micro-entities that choose the micro-entities regime. FRS 102 is a broader UK GAAP framework used by many other companies. FRS 105 generally involves simpler measurement and fewer disclosures, but it is only available where the company qualifies and chooses that regime.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

If your company prepares FRS 105 Micro Entity Accounts, it will usually need to file annual accounts with Companies House, unless a specific exemption or alternative filing arrangement applies. That accounts filing is separate from the Confirmation Statement, which is also filed with Companies House but serves a different purpose.

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 regime. A CT600 is the Corporation Tax Return submitted to HMRC. The figures may overlap, but they are different documents with different requirements and filing responsibilities.

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

Typically, your accounting records, bank statements, sales invoices, purchase receipts, payroll details, loan or asset information, and any stock or work-in-progress details if relevant. Your accounting period dates, company details, and previous year's accounts are also useful. We can help identify what is relevant to your Saxilby company's circumstances.