─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in South Humberside

If your company is a qualifying micro-entity and has chosen to apply the UK micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework you work within. FRS 105 is the smallest and simplest of the UK accounting standards, designed for companies that meet the applicable size conditions and that decide to use the regime rather than preparing accounts under FRS 102 or another framework. For directors in South Humberside, the practical benefit is a shorter, more streamlined set of financial statements — but the detail still has to be right, and the disclosures, accounting policies and presentation need to reflect your company’s actual circumstances. Professional preparation helps here. It means your figures are drawn properly from your accounting records, the accounts are put together with the applicable reporting requirements in mind, and the resulting FRS 105 financial statements are structured so that the directors can review and approve them with confidence before they are filed. Eligibility is not automatic and does not simply follow from being a small company, so it is worth checking the position for your specific business before you commit to the regime. If you are unsure whether FRS 105 Micro Entity Accounts are the right route for your company in South Humberside, a short conversation about your turnover, balance sheet and headcount is usually the fastest way to find out.

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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 Simple Terms

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In plain terms, it is the rulebook used to prepare and present the annual accounts of a company that qualifies as a micro-entity and has chosen to apply that regime. The micro-entities regime is optional — it is an available accounting framework for eligible companies in the UK, not something imposed on every small business, and FRS 105 applies when a company decides to use it. The standard is deliberately stripped back. It allows a simpler balance sheet and profit and loss account, a more limited set of notes, and fewer of the fair value and disclosure requirements found in larger frameworks, which is why it is often described as the least complex option available to a qualifying company. What FRS 105 does not do is remove the need for accurate bookkeeping. The accounts still have to be prepared from reliable records, they still have to give a true and fair view in the way the regime requires, and they still have to be approved by the directors and filed at Companies House where the company is required to file accounts. It is also worth being clear about what FRS 105 Micro Entity Accounts are not. They are a set of financial statements, not a tax return. A Corporation Tax Return (CT600) is a separate submission made to HMRC, and a Confirmation Statement is a further, separate Companies House filing. Understanding where FRS 105 accounts sit in that picture helps directors in South Humberside plan their year-end properly rather than treating all their filing obligations as one and the same.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and that choose to apply it. Eligibility is assessed against size criteria. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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. It is important to be accurate about what that means. Meeting two of those three conditions is a starting point, not a guarantee. Other eligibility rules and exclusions apply, and certain companies — for example some types of financial or regulated entity — may be excluded from the regime regardless of their size. There can also be periods where a company moves in or out of eligibility, so the position should be checked for each accounting period rather than assumed to continue. Companies in South Humberside that qualify have a genuine choice: apply the micro-entities regime and prepare FRS 105 Micro Entity Accounts, or prepare accounts under another framework such as FRS 102. Because the framework affects presentation, disclosure and how figures are reported, it is worth reviewing your position with your accountant before deciding, particularly if your turnover or headcount is close to a threshold or your business is changing shape.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is not just a case of copying last year’s figures into the same format. The accounts need to be built from your company’s financial records and prepared with the applicable reporting requirements in mind, including the recognition and measurement rules that apply under the micro-entities regime and the disclosure requirements that come with it. In practice, that means reviewing your bookkeeping for the period, checking that income and expenditure have been recorded in the correct accounting period, confirming the balance sheet items are supported, and making sure the accounting policies stated in the accounts genuinely describe how your company has prepared them. Where your company has anything unusual — a director’s loan, stock, hire purchase agreements, grants, or a change in what the business does — the treatment needs to be considered rather than assumed. It is also important to keep the different obligations separate. Preparing and finalising the financial statements is one piece of work. Filing those accounts at Companies House is another step, and it is subject to Companies House’s own requirements and processes. Your Corporation Tax obligations are separate again, dealt with through a CT600 submitted to HMRC, and your Confirmation Statement is a further filing in its own right. Keeping these distinct, and making sure each is handled on its own terms, is a large part of what professional support with FRS 105 Micro Entity Accounts looks like for companies in South Humberside.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in South Humberside

If your company may qualify for the micro-entities regime and you would like help with your FRS 105 Micro Entity Accounts, the next step is a straightforward conversation. Tell us about your business — what it does, how it is structured, its accounting period, and roughly where it sits on turnover, balance sheet total and employee numbers — and we can discuss whether the micro-entities regime looks appropriate for your circumstances and what preparing accounts under FRS 105 would involve. It also helps to have your records to hand: bookkeeping or accounting software access, bank statements, sales and purchase records, details of any assets or loans, and last year’s accounts if you have them. The clearer the picture we have of your company, the more useful our guidance will be. We can explain how the accounts fit alongside your other obligations, including your Companies House filing and your separate Corporation Tax position, and how our services are arranged, including clear, transparent pricing and fixed-fee options where these suit your needs. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 a qualifying micro-entity prepares and presents its annual accounts, including the format of the balance sheet and profit and loss account, the accounting rules to follow, and the limited notes that are required. It is the simplest of the UK accounting frameworks, which is why it is often chosen by very small companies that want a shorter, more straightforward set of financial statements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that 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 mean your company qualifies or should use this framework.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a requirement. A company that qualifies as a micro-entity can choose whether to apply the regime and prepare FRS 105 Micro Entity Accounts, or to prepare its accounts under a different framework such as FRS 102. The choice can affect how the figures are presented and what is disclosed, so it is worth considering which framework best reflects your company's circumstances before deciding.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader financial reporting standard used by a much wider range of companies, and it includes recognition, measurement and disclosure requirements that FRS 105 does not. FRS 105 is designed specifically for the micro-entities regime and is considerably shorter and simpler, with fewer notes and fewer of the fair value and other adjustments permitted or required under FRS 102. In practice, FRS 105 can produce simpler accounts, while FRS 102 generally gives a more detailed picture and is used where a company does not qualify for, or does not choose, the micro-entities regime.

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

Where a company is required to file annual accounts at Companies House, those accounts are filed there — and if the company has prepared them under FRS 105, that is the framework used for the filing. Filing is a separate step from preparing the accounts, and it is subject to Companies House's own requirements, including its filing and format rules. Preparing a set of FRS 105 Micro Entity Accounts does not by itself remove the need to file them where a filing obligation exists.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime and generally filed at Companies House where required. A Corporation Tax Return (CT600) is a separate submission made to HMRC to report the company's taxable position, and it is driven by tax rules rather than the accounting framework alone. A Confirmation Statement is separate again. Keeping these obligations distinct helps avoid confusion over what is due, to whom, and on what basis.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime for the period in question and chooses to apply it. In a first accounting period, the size conditions are considered with reference to the relevant rules for that period, which can differ from the position for an established company. It is worth checking the position for your specific company rather than assuming, because eligibility depends on your own turnover, balance sheet and employee numbers as well as any applicable exclusions.

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

As a starting point, we would normally need your accounting records for the period, including sales and purchase information, bank statements, and details of any assets, loans or other balances. Access to your bookkeeping or accounting software helps, as does last year's accounts and any correspondence about your filing obligations. It is also useful to know about anything unusual during the period, such as a change in activity, a director's loan, or new equipment. The more complete the records, the more efficiently your FRS 105 Micro Entity Accounts can be prepared.