─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Southminster

If you run a small limited company in Southminster and you are looking for straightforward, properly prepared FRS 105 Micro Entity Accounts, you are in the right place. FRS 105 is the financial reporting framework that applies to qualifying micro-entities which choose to use the micro-entities regime for their annual accounts. It is deliberately the simplest reporting standard available for eligible UK companies, but ‘simpler’ does not mean ‘automatic’ — the accounts still need to reflect your actual transactions, balances and disclosures correctly, and you still need to be confident that your company meets the conditions to use the regime in the first place. Professional support with your FRS 105 Micro Entity Accounts means your figures are built from your bookkeeping and financial records, presented in a format suited to the micro-entities regime, and prepared with your wider filing obligations in mind. We work with directors and owners across Southminster and the surrounding area who want clear, transparent pricing, plain-English explanations and accounts they can actually understand, rather than a set of documents that only makes sense to an accountant.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 — formally titled The Financial Reporting Standard applicable to the Micro-entities Regime — is the UK accounting standard written specifically for the smallest companies. If your company qualifies as a micro-entity and you decide to adopt the micro-entities regime, FRS 105 is the framework you use to prepare your annual financial statements. In everyday terms, it lets you produce a much shorter and simpler set of accounts than larger companies: fewer disclosure notes, a simplified balance sheet, and a profit and loss account that is prepared on a straightforward basis. Importantly, the micro-entities regime is a choice. Qualifying companies are entitled to use it, but they are not forced to — some directors prefer a different framework such as FRS 102 if they want more detailed reporting, need particular accounting treatments, or have lenders and investors who expect more information. Where the regime is used, FRS 105 applies to those accounts. Getting the framework right matters, because it affects the figures your accounts show, what you disclose, and how the accounts compare with previous years. That is why it is worth talking through your circumstances before you decide, rather than assuming FRS 105 is the right fit simply because your company is small.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that choose to apply it. In practice that means companies that are small enough on the relevant size tests and are not caught by one of the exclusions that keeps certain types of entity out of the regime. 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 conditions are tested on the basis set out in the rules, which can involve looking at the current and preceding periods, and certain companies — for example some financial, credit or regulated entities — cannot use the regime at all, while others may be excluded for different reasons. In other words, meeting the size thresholds on their own does not guarantee that your company is eligible for the micro-entities regime, and eligibility does not oblige you to use it. If you are based in Southminster and want to know whether FRS 105 could work for your company, we can review your position and talk you through the alternatives before any decision is made.

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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your records: your bookkeeping, bank transactions, invoices, expenses, payroll information, asset purchases and any loans or balances outstanding at the year end. From there, the accounts are built so that the numbers are consistent with the underlying records and presented in line with the micro-entities regime and the applicable reporting requirements. Good preparation also means making sure your financial statements are internally consistent — that the balance sheet balances, that the figures agree to the accounting records, and that the comparative year is treated sensibly. It is important to keep the different filing obligations separate in your mind. Preparing and filing your statutory accounts with Companies House is one task; submitting a Corporation Tax Return (CT600) to HMRC is a separate obligation with its own deadlines, computations and adjustments. A Confirmation Statement is separate again. We can help you understand how these pieces fit together, what information is needed for each, and how your FRS 105 Micro Entity Accounts sit within your overall compliance picture, so nothing is overlooked because it was assumed to be covered elsewhere.

ICAEW

ACCA

AAT

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

Whether you are filing micro-entity accounts for the first time, switching accountant partway through the year, or simply want to check that your company is using the right framework, the best next step is a conversation. Tell us about your company — what it does, how long it has been trading, roughly what your turnover, balance sheet total and headcount look like, and when your accounting period ends. Share details of your current bookkeeping arrangements and any accounts already filed, and we can assess your circumstances and explain what your FRS 105 Micro Entity Accounts would involve and what information we would need from you. There is no obligation and no jargon — just a clear discussion about your position and the options available to you in Southminster and the surrounding area.

─── 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 the micro-entities regime. It sets out how qualifying micro-entity companies prepare their annual financial statements when they choose to apply that regime — including a simplified balance sheet, a simplified profit and loss account and reduced disclosure requirements compared with larger-company standards. It sits under UK GAAP and is intended to reduce the reporting burden on the smallest companies.

Who can use FRS 105?

FRS 105 is available to UK companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualifying is about more than turnover alone: a company generally needs to meet at least two of the three size conditions, and certain companies are excluded from the regime regardless of size — for example some financial and regulated entities. Meeting the size tests does not automatically mean FRS 105 must be used; it means the regime is available to you if your company is eligible.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option, not an obligation. A company that qualifies as a micro-entity may apply it, but it is also free to prepare accounts under a different framework, such as FRS 102 Section 1A. Where the micro-entities regime is chosen, FRS 105 is the standard that applies to those accounts. The right choice depends on your circumstances, including what lenders, investors or other users of the accounts expect to see.

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 the 3 applicable size conditions, subject to the relevant rules and exclusions: 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. Earlier periods are assessed against the thresholds that applied to them. Because other eligibility rules and exclusions can also apply, it is worth checking your specific position rather than relying on the size tests alone.

What is the difference between FRS 105 and FRS 102?

Both sit within UK GAAP, but they are aimed at different sizes of company and produce different levels of detail. FRS 105 is the most streamlined option, designed for qualifying micro-entities, with a simplified balance sheet and limited notes. FRS 102 is a fuller framework, and the small-company variant (Section 1A) requires more disclosure and offers more accounting options. FRS 105 is generally simpler to prepare; FRS 102 generally gives readers more information. Choosing between them is a judgement call based on eligibility and what the accounts need to achieve.

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

Yes. Preparing accounts and filing them are two separate steps. Most companies must send statutory accounts to Companies House each year, and where those accounts are prepared under FRS 105 they are filed as micro-entity accounts. Filing requirements are changing, including a move towards filing accounts using software and providing additional information such as the profit and loss account for micro-entity and small companies. It is worth confirming the current requirements for your filing period before you submit.

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

Yes, they are completely separate. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime, principally for Companies House and the company's members. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC, supported by a tax computation and, in most cases, a copy of the accounts. The figures overlap, but the rules are not identical — tax adjustments, capital allowances and disallowed expenses are handled in the tax computation, not in the accounts.

What information do you need to prepare my FRS 105 Micro Entity Accounts?

In broad terms, we need your bookkeeping or accounting records for the period, bank and credit card statements, sales invoices and purchase records, payroll information if you employ staff, details of any assets bought or sold, and confirmation of loans, director's loan account balances and any amounts owed to or by the company at the year end. If accounts have been filed before, copies of those and the previous year's figures help keep everything consistent. If your records are incomplete, we can talk through what is missing and how to pull it together.