─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Shepperton: Clear Financial Reporting for Qualifying Small Companies

FRS 105 provides the financial reporting framework that applies to qualifying micro-entities in the UK when they choose to adopt the micro-entities regime. For a Shepperton-based company, that means financial statements prepared under a simplified standard, with reduced recognition and measurement requirements and fewer disclosures than larger reporting frameworks demand. Professional preparation of FRS 105 Micro Entity Accounts helps ensure your figures are presented appropriately for your company’s circumstances, that the accounts reflect the underlying accounting records accurately, and that the resulting statements are suitable for filing at Companies House where required. It also helps to keep your statutory accounts properly separated from your other obligations, such as your Corporation Tax Return (CT600) and your Confirmation Statement. Not every small company is eligible, and eligibility depends on the applicable size conditions, the nature of the entity, and any relevant exclusions, so a short review of your position is usually the sensible first step before the micro-entities regime is applied.

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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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Regime and What It Means for Your Shepperton Company

FRS 105 is the UK financial reporting standard written specifically for companies that qualify for the micro-entities regime and decide to use it. In plain terms, it is the simplest set of statutory accounting rules available to small UK companies, designed so that a qualifying business can produce straightforward financial statements without the level of detail and disclosure that larger frameworks require. The UK micro-entities regime is one of the accounting regimes a qualifying company may choose; alternatives exist, and a company that meets the size conditions is not obliged to use the micro-entities regime. Where the regime is chosen, FRS 105 applies, and the company’s financial statements are prepared on that basis. Practically, FRS 105 accounts focus on the core statements a reader needs to understand the company’s position, with a lighter disclosure burden and simpler measurement rules. For a Shepperton director running a small trading or service company, that often translates into accounts that are quicker to prepare and easier to read, while still giving an accurate picture of the business’s financial position for the period.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then choose to apply it, which is a two-part test rather than a single size check. On size, a company generally needs to meet at least 2 of the 3 applicable conditions for accounting periods beginning on or after 6 April 2025: 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 during the period. Meeting those conditions does not, on its own, guarantee that a company can or should use the regime. Other eligibility rules and exclusions can apply depending on the type of entity and its activities, and some bodies are outside the regime altogether. In addition, heading a qualifying company is not the same as choosing the regime: a qualifying company may instead prepare accounts under the small companies regime, and the decision is usually taken with reference to the company’s reporting obligations and who relies on the accounts. For a Shepperton company, the practical answer is to have the position reviewed against the actual figures and the specific rules before FRS 105 Micro Entity Accounts are prepared, so that the basis of preparation is appropriate and defensible.

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 your company’s own financial records — bookkeeping, bank and credit card transactions, sales and purchase invoices, payroll information, asset purchases and disposals, loans, and any relevant prior-year accounts. From that information, the accounts are drafted in line with FRS 105 and the applicable reporting requirements for the period, with the figures agreed back to the underlying records and the disclosures kept proportionate to the micro-entities regime. It is worth being clear about how the pieces fit together: the statutory financial statements are prepared for the company and, where required, filed at Companies House; the Corporation Tax Return (CT600) is a separate submission made to HMRC; and the Confirmation Statement is a further, separate Companies House filing that confirms the company’s registered details. Each has its own information requirements and its own route of submission. Working with an experienced preparer helps you keep those obligations distinct, spot inconsistencies between them, and understand what has been included, what has been omitted, and why — so you can review the accounts with confidence before they are finalised.

ICAEW

ACCA

AAT

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

If you run a small company in or around Shepperton and you would like to understand whether the micro-entities regime is right for you, get in touch to discuss your FRS 105 Micro Entity Accounts requirements. It helps if you can share some background when you make contact: your company’s accounting period dates, an idea of your turnover, balance sheet total and average employee numbers, whether you have filed micro-entity accounts before, and access to your bookkeeping records or accounts software. With that information, your circumstances can be assessed properly and you can be advised on the most suitable approach for your company. Pricing can be discussed in advance on a clear, transparent and, where appropriate, fixed-fee basis so there are no surprises.

─── 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 qualifying micro-entities should prepare their financial statements, with simplified recognition and measurement requirements and a much lighter disclosure burden than the standards used by larger companies. It sits within UK GAAP alongside FRS 102, which is the framework most small and medium-sized companies use.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. 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. Those conditions apply for accounting periods beginning on or after 6 April 2025, and other rules and exclusions can affect whether a particular entity qualifies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that meets the size conditions may choose to apply the micro-entities regime and prepare FRS 105 accounts, or it may instead prepare accounts under the small companies regime using FRS 102 Section 1A. The choice is usually made with the company's circumstances, reporting needs and stakeholders in mind.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main UK financial reporting standard for companies that are not micro-entities, and it includes Section 1A for small companies. FRS 105 is the more streamlined standard for micro-entities, with simpler measurement rules and fewer disclosures. In practice, FRS 102 Section 1A accounts will generally contain more detail and more note disclosures than FRS 105 accounts, while FRS 105 accounts are typically shorter and more straightforward to read.

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

Preparing accounts under FRS 105 does not remove the requirement to file statutory accounts with Companies House where that requirement applies to your company. What the micro-entities regime does affect is the content and format of the accounts themselves, since micro-entity accounts can be delivered in a simplified form. The exact filing position depends on your company's circumstances, so it is worth confirming before the accounts are finalised.

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

Yes. The FRS 105 financial statements are the company's statutory accounts, prepared under the micro-entities regime and filed at Companies House where required. The CT600 is a separate Corporation Tax Return submitted to HMRC, which reports the company's taxable profits and is calculated with reference to the figures in the accounts but is not the same document. The two are prepared for different authorities and served through different channels.

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

In most cases, the preparer will need your bookkeeping records or accounting software access, bank and credit card statements for the period, sales and purchase records, payroll information, details of any assets bought or sold, loan or finance agreements, and the previous year's accounts for comparison. Shareholding details, director loans and any significant one-off transactions are also useful context. The more complete the records, the more straightforward the preparation tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime for its first set of accounts if it meets the applicable size conditions and is not caught by any of the relevant exclusions. Because a first accounting period is often shorter or longer than twelve months and turnover may be modest, the position is usually assessed on the actual figures for that period rather than an assumption. It is worth reviewing eligibility before the first accounts are prepared.

Are the rules around micro-entity accounts filing changing?

Companies House has been introducing reforms in stages, including a move towards filing accounts through software and changes to what small and micro-entity companies are expected to include. Because the reforms are being phased in, the requirements that apply to your company depend on factors such as the dates of your accounting period. If you are unsure what applies to you, it is worth checking the current position before you file rather than relying on how micro-entity accounts were filed in previous years.