─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Southease

FRS 105 Micro Entity Accounts in Southease are prepared under the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. FRS 105 provides the framework for the recognition, measurement and disclosure of the figures in those financial statements, keeping them deliberately straightforward: minimal notes, no revaluations or fair value adjustments, and a balance sheet focus that suits very small companies. Choosing the regime is a decision, not an automatic outcome — a company must first qualify as a micro-entity, and other eligibility rules and exclusions can affect whether the regime is available. Professional preparation helps ensure your accounts are put together properly for your company’s own circumstances, that the figures reconcile to your underlying records, and that the statements are consistent with the framework you have chosen, whether you trade as a single-director company, a family business or a small owner-managed operation in or around Southease.

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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 the financial reporting standard that sits behind the UK’s micro-entities regime. In simple terms, it is the rulebook for the smallest companies that choose to prepare their accounts in the most stripped-back way the law allows. Instead of the fuller disclosures and fair value options available under other frameworks, FRS 105 asks for a short set of financial statements — typically a balance sheet with a small number of supporting notes — using straightforward historical cost figures. Revaluations are not used, and the standard is designed to keep preparation simple and consistent. The important point is that FRS 105 is not a separate tax regime and it is not imposed on every small company: a company must first qualify as a micro-entity under the applicable size conditions and other rules, and then decide to apply the micro-entities regime. When that regime is used, FRS 105 is the standard that governs how the accounts in Southease are drawn up.

Who Can Use FRS 105 in the UK? Eligibility for Southease Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — it is not open to every small company by default, and it is not something a company can simply opt into regardless of its size. 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. Those thresholds are only part of the picture. Other eligibility rules, transitional provisions and exclusions can apply, and certain types of company are excluded from the micro-entities regime whatever their turnover or balance sheet looks like. Eligibility is also assessed period by period, so a company that qualified last year may not qualify this year, and vice versa. That is why we check your company’s individual position before preparing FRS 105 Micro Entity Accounts in Southease, rather than assuming the regime is available.

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

Preparing FRS 105 Micro Entity Accounts is a technical exercise, even though the finished statements look simple. The figures must be built from your company’s financial records — bookkeeping, bank and card transactions, invoices, payroll information, asset purchases, loans and stock — and then presented in line with FRS 105 and the disclosure requirements of the micro-entities regime. Professional preparation means the accounts are supported by a clear working paper trail, that the accounting policies stated are appropriate for a micro-entity, and that the balance sheet is consistent with the records you have kept. It is also helpful to keep the different obligations separate: the FRS 105 financial statements are the Companies Act accounts, filing them with Companies House is a company law requirement where it applies, and a Corporation Tax Return (CT600) is a separate submission to HMRC dealing with taxable profit and any tax adjustments. Work on one does not discharge the other, and we can help you understand how each fits together for your Southease company.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Southease

If you would like your FRS 105 Micro Entity Accounts prepared carefully and explained in plain English, get in touch and tell us about your company. It helps to share your accounting records, details of your trading activity, any asset purchases or loans, and copies of previous accounts so we can review your circumstances properly and confirm how the micro-entities regime applies to you. We will talk through your options, answer your questions about FRS 105, and set out clear, transparent pricing before any work begins so you know exactly where you stand.

─── 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 the figures in those accounts are recognised and measured, and what has to be disclosed. It is a deliberately minimal framework: accounts are usually built around a simple balance sheet with limited notes, using historical cost figures rather than revaluations or fair value adjustments, and with a much shorter list of disclosures than larger-company accounts. In practice, FRS 105 keeps the reporting burden low for very small companies while still producing formal financial statements.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the applicable size conditions and other rules, and that then choose to apply the micro-entities regime. Qualifying is not the same as being required to use it — a qualifying company may instead prepare accounts under a different framework such as FRS 102. Eligibility is assessed for each accounting period, so a growing company can move in or out of the regime over time, and certain types of entity are excluded from the micro-entities regime altogether. We can review your position before any accounts are prepared.

Is FRS 105 compulsory for every micro-entity?

No. Applying the micro-entities regime is a choice. A company that qualifies as a micro-entity can decide to use the regime, in which case FRS 105 is the standard that must be followed in preparing those accounts. Alternatively, it can choose a fuller framework, which may suit businesses that want to present more detail to lenders, investors or anyone reviewing the numbers. What FRS 105 is not is an automatic default that applies simply because a company is small.

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. Those are the headline size tests, but they are not the whole story. The relevant rules, transitional provisions and exclusions also apply, and some companies are excluded from the micro-entities regime regardless of their size. Meeting the size conditions alone does not guarantee that the regime is available, so eligibility should be checked against your specific circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard: short, simple and based on historical cost, with very limited disclosures. FRS 102 is a much broader framework, and it permits or requires items such as revaluations, fair value measurement, deferred tax and a wider set of disclosures. FRS 102 also contains a section for small entities that sits between the two. The result is that FRS 105 accounts give a concise picture, while FRS 102 accounts generally give a fuller and more detailed one.

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

If your company is required to file annual accounts, then the accounts it prepares — including accounts prepared under FRS 105 — are what support that filing, and micro-entity accounts are filed in a simplified format. For small companies, the profit and loss account is not normally placed on the public record, so what appears on the register is often a shorter version of the full statements. Filing accounts with Companies House does not replace any other obligation, and the exact filing position depends on your company's circumstances.

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

Yes, they are two distinct things. FRS 105 accounts are the financial statements prepared under the Companies Act reporting framework and are used for Companies House filing. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profit, calculated from the accounts but adjusted for things such as disallowable expenditure and capital allowances. The accounts feed into the tax return, but preparing and filing one does not complete the other, and the deadlines for each are different.

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

We normally need your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, payroll details if you employ staff, records of asset purchases and disposals, details of any loans or director's loan movements, stock or work in progress where relevant, and a copy of the previous year's accounts for comparison. The cleaner and more complete the records, the more straightforward the preparation tends to be. If your records are not up to date, we can talk through what is missing and how best to bring things together.