─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Scunthorpe

If your company is a qualifying micro-entity, FRS 105 Micro Entity Accounts may be the most straightforward way to prepare and file your annual financial statements. FRS 105 is the UK financial reporting standard that sits within the micro-entities regime — a simplified framework designed for the smallest companies, with shorter notes, simpler measurement rules and a format that is easier to read and understand. Whether you are a sole director company trading locally in Scunthorpe or a small family business with a handful of staff, professional preparation can help make sure your FRS 105 Micro Entity Accounts are put together appropriately for your circumstances, reflect the information in your records and are presented in line with the applicable reporting requirements. Not every small company qualifies for the micro-entities regime, and not every qualifying company chooses to apply it, so the starting point is always a proper review of your eligibility and options.

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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: The Micro-Entities Regime in Plain English

FRS 105 is a UK accounting standard written specifically for micro-entities. It applies when a company qualifies for the micro-entities regime and chooses to use it, and it sets out how the financial statements should be prepared — what goes on the balance sheet, what goes on the profit and loss account, and how little note disclosure is needed compared with larger reporting frameworks. In practice, that means FRS 105 Micro Entity Accounts tend to be shorter, more straightforward and less costly to prepare than accounts produced under a fuller framework, because certain fair value adjustments, revaluations and deferred tax considerations are not part of the micro-entity approach. For a director in Scunthorpe running a small limited company, the appeal is simple: a clear set of financial statements that tells the story of the business without unnecessary complexity. It is worth remembering that the micro-entities regime is a choice available to qualifying companies — it is not an automatic label, and it is not the only option. If you would like to understand whether it is the right fit for your company, we can walk you through what it would mean for your accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to apply it — so the question is really two questions in one: does your company qualify, and is the regime the right choice for you? 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. Those thresholds are a starting point rather than the whole answer. Other eligibility rules and exclusions can apply, and some companies are excluded from the regime regardless of their size — for example, certain investment and financial businesses and some group situations. It is also worth noting that the tests are applied to the company and its accounting period, so a growing business may move in or out of the regime over time. If your company is based in Scunthorpe and you are weighing up whether FRS 105 Micro Entity Accounts are appropriate, we can review your figures and circumstances with you and explain the options clearly before you decide.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your bookkeeping, bank statements, sales and purchase information, payroll details and any other relevant documents to build a set of financial statements that reflects your company’s position for the period. From there, we consider the applicable reporting requirements and present the accounts in the format expected of a company applying the micro-entities regime, so the figures, comparatives and disclosures hang together logically. It is important to keep two things separate: the preparation of your financial statements and their filing at Companies House on the one hand, and your Corporation Tax obligations with HMRC on the other. A Corporation Tax Return (CT600) is a distinct filing, using figures that are typically derived from the accounts but submitted separately, and it is not the same thing as your FRS 105 Micro Entity Accounts. Companies House and HMRC do not approve, endorse or review accounts in advance, so the value of professional preparation lies in careful work, sensible queries and a clear paper trail — not in any form of official sign-off.

ICAEW

ACCA

AAT

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

If you would like help with your FRS 105 Micro Entity Accounts, the best next step is a conversation. Tell us a little about your company — what it does, how it is structured, when your accounting period ends, and what records you already keep. From there we can consider whether the micro-entities regime is likely to be available to you, explain what preparing FRS 105 Micro Entity Accounts would involve, and set out clear, transparent pricing so you know where you stand before any work begins. If you already have draft accounts, a trial balance or a set of figures from previous years, sharing those helps us give you a more useful answer. Get in touch with our team to discuss your requirements and find out how we can support your reporting and filing obligations.

─── 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 micro-entities. It sets out a simplified basis for preparing financial statements — a shorter balance sheet, a simple profit and loss account and minimal notes — and it applies when a company qualifies for the micro-entities regime and chooses to apply it. It is one of several reporting frameworks available in the UK, and the right one depends on your company's size and circumstances.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on size criteria and on a range of other rules and exclusions — for example, certain types of company and certain regulated or group situations are treated differently. Meeting the size tests alone does not automatically mean a company qualifies, so eligibility should always be checked against the specific rules for your accounting period.

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 alongside other rules and exclusions, so a company that appears to meet the thresholds may still be ineligible for the regime, and professional advice is useful before you rely on it.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. A company that qualifies can choose to apply it — and FRS 105 applies when that regime is used — but it may instead report under a fuller framework such as FRS 102. Some companies prefer the additional disclosure and measurement options available outside the micro-entities regime, particularly where banks, lenders or investors want more detail.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and is deliberately minimal: fewer disclosures, simpler measurement, and no need for certain adjustments such as revaluations or deferred tax. FRS 102 is a fuller framework used by small and larger entities, with more extensive accounting options and note disclosures. The practical effect is that FRS 105 accounts are usually shorter and simpler to produce, while FRS 102 accounts give a more detailed picture.

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

Where a company prepares accounts under the micro-entities regime, those accounts normally need to be filed at Companies House for the relevant period, in line with the filing requirements that apply to the company. The preparation of the accounts and the act of filing them are separate steps. If you are unsure what your company needs to submit and when, we can look at your specific circumstances and explain the position.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. They are separate filings with separate purposes, even though the tax return is usually based on figures taken from the accounts. Preparing your accounts does not, by itself, deal with your Corporation Tax obligations, so both need to be considered.

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

We typically ask for your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, payroll and employee details where relevant, details of any loans or assets, and the previous year's accounts for comparison. If you use accounting software, allowing us access is usually the quickest route. The more complete and organised your records, the more straightforward the preparation process tends to be.