─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Shoebury: Professionally Prepared Financial Statements for Qualifying Companies

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework for your annual accounts. At Micro Entity Accounts, we help companies in Shoebury and the surrounding area understand how FRS 105 may apply to their circumstances. Professional preparation starts with your bookkeeping and financial records, then considers the relevant recognition, measurement and disclosure requirements under FRS 105. The aim is to prepare financial statements that reflect the company’s transactions and position in line with the chosen regime. Eligibility is not automatic: a company must meet the applicable size conditions and any other relevant rules or exclusions. We can review your position, explain what information is needed, and prepare FRS 105 Micro Entity Accounts that are tailored to your company rather than produced from a one-size-fits-all template.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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.
  
 
      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: The Micro-Entities Regime and What It Means for Your Shoebury Company

FRS 105 is the UK financial reporting standard designed for companies that qualify for the micro-entities regime and decide to use it. In simple terms, it gives eligible micro-entities a simpler basis for preparing annual financial statements than larger reporting frameworks. If a qualifying company chooses the micro-entities regime, FRS 105 applies to those accounts. The standard influences how the accounts are put together, including the balance sheet, profit and loss account and related notes, while still requiring the financial statements to be prepared on a consistent and understandable basis. For a company in Shoebury, using FRS 105 Micro Entity Accounts can mean a more streamlined set of financial statements, but it does not remove the need for accurate records or careful consideration of the applicable rules. It is an accounting and financial reporting framework, not a substitute for Corporation Tax Returns, Confirmation Statements or other separate filing obligations.

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

FRS 105 is available to companies that qualify for the UK 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 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. Meeting those size conditions is an important part of the picture, but it does not automatically guarantee eligibility, because other rules and exclusions can apply. A Shoebury company considering FRS 105 Micro Entity Accounts should also think about its structure, the nature of its activities, and whether the micro-entities regime is the right fit for its reporting needs. If your company does not qualify or chooses not to use the regime, another financial reporting framework may be more appropriate.

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.

Professional Preparation of FRS 105 Micro Entity Accounts for Accurate Financial Reporting in Shoebury

Professionally prepared FRS 105 Micro Entity Accounts start with a clear understanding of your company’s financial records and reporting requirements. We can help Shoebury-based micro-entities organise their bookkeeping, review the information needed for the financial statements, and prepare accounts under FRS 105 where the regime is available and chosen. The work focuses on accurate financial reporting: reflecting income, expenses, assets and liabilities appropriately, and preparing the balance sheet, profit and loss account and any required notes. Preparing the financial statements for the company is separate from filing them with Companies House, and separate again from Corporation Tax obligations such as the CT600. We do not claim approval, endorsement or regulatory review by Companies House, HMRC or any other body; instead, we aim to prepare FRS 105 Micro Entity Accounts carefully based on the information you provide and the framework that applies to your company.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Shoebury

If you would like help preparing FRS 105 Micro Entity Accounts, get in touch to discuss your company’s circumstances. We can talk through whether the micro-entities regime may be relevant, what records and information are needed, and how the accounts preparation process works. Sharing details such as your bookkeeping records, trial balance, previous accounts, company information and any relevant changes during the period will help us assess your requirements. Whether you are a new limited company, an established micro-entity, or simply unsure which reporting framework applies, we are ready to talk through your FRS 105 Micro Entity Accounts requirements in Shoebury.

─── 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 qualifying companies that choose to apply the micro-entities regime. It provides a simpler framework for preparing annual financial statements, including the balance sheet, profit and loss account and related notes. If a company qualifies for the micro-entities regime and decides to use it, FRS 105 applies to its accounts. It is an accounting and financial reporting framework, not a Corporation Tax Return or a Confirmation Statement.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK 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, a 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 conditions alone does not automatically guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. A qualifying company can choose whether to apply the micro-entities regime. If it does, FRS 105 applies to its accounts. If it does not qualify, or chooses not to use the regime, another financial reporting framework such as FRS 102 may be more appropriate. Some companies may also be excluded from the micro-entities regime, so eligibility needs to be considered carefully.

What is the difference between FRS 105 and FRS 102?

FRS 105 is designed for companies using the micro-entities regime and generally provides simpler recognition, measurement and disclosure requirements. FRS 102 is a broader UK GAAP framework used by many entities that do not apply the micro-entities regime, and it can involve more detailed disclosures and accounting treatments. The right framework depends on whether the company qualifies for the micro-entities regime, whether it chooses to apply it, and its own reporting circumstances.

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

Limited companies generally need to file annual accounts with Companies House, subject to the applicable filing requirements. FRS 105 accounts are the financial statements prepared under the micro-entities regime; filing those accounts with Companies House is a separate step from preparing them. Filing requirements can differ depending on the company and its circumstances, so it is worth checking the current rules or seeking advice.

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. A CT600 is a Corporation Tax Return submitted to HMRC and is a separate filing. The figures in the accounts often provide a starting point for the tax return, but tax computations and adjustments are handled separately from the accounts preparation.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility depends on the applicable size conditions and any other relevant rules or exclusions, and it is not automatic. A newly incorporated company should consider its expected turnover, balance sheet total, employee numbers and reporting needs before deciding which framework to use.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, we typically need company information, bookkeeping records, bank statements, sales and purchase records, payroll information, details of assets and liabilities, loan or finance agreements, stock or work-in-progress figures, a trial balance and any previous accounts. The exact information depends on the company's activities and circumstances. Having clear records helps the accounts preparation process run more smoothly.