─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in St Annes-on-Sea

If your company is a qualifying micro-entity and you have chosen to apply the micro-entities regime, FRS 105 Micro Entity Accounts give you a simpler, more proportionate way to report your financial position. FRS 105 is the financial reporting standard that sits behind that choice: it sets out how the accounts should be drawn up, what they need to include and how much disclosure is expected. For directors in St Annes-on-Sea running a small, owner-managed company, that can mean less paperwork and a clearer set of financial statements without unnecessary complexity. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, that the figures are presented consistently and that the accounts are prepared in line with the framework that applies to your circumstances. Eligibility is not automatic and depends on the size conditions and any relevant exclusions, so it is always worth checking your position before the accounts are put together.

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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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 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is a UK financial reporting standard written specifically for companies that qualify for the micro-entities regime. In plain terms, it is the rulebook that tells you how to prepare a set of micro-entity financial statements once the directors have decided to use that regime. It matters because the micro-entities regime allows a simpler approach than the frameworks used by larger companies: fewer disclosures, a more straightforward balance sheet and profit and loss format, and a generally more concise set of accounts. Critically, FRS 105 is not something that applies to every small company automatically. A company first needs to fall within the micro-entities regime, and then the directors need to choose to apply it. When that regime is used, FRS 105 is the standard that governs the accounts. If the regime is not available or is not chosen, a different framework will apply instead. For directors in St Annes-on-Sea, understanding that sequence — qualify first, then choose — is the key to knowing whether FRS 105 Micro Entity Accounts are the right route for their company.

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

FRS 105 Micro Entity Accounts are designed for UK companies that qualify for the micro-entities regime and then choose to apply it. Two things therefore have to line up: the company needs to be within the regime, and the directors need to select it. On the size side, 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. Those conditions are a starting point, not the whole picture. Certain companies are excluded from the micro-entities regime altogether, and there are additional rules that can affect whether the regime is available, including in relation to group structures and the type of entity involved. For that reason, meeting the size conditions alone does not automatically mean a company can use FRS 105. Directors in St Annes-on-Sea should have their eligibility confirmed against their actual circumstances before assuming that FRS 105 Micro Entity Accounts are the right route for them.

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

Well-prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank information, invoices and other supporting documents to build a set of financial statements that reflects what has actually happened in the business during the period, presented in the format that applies under FRS 105. That means the balance sheet, the profit and loss account and any supporting notes are prepared on a consistent basis, with the figures agreeing back to the underlying records. It is worth separating out the different obligations here, because they are not the same thing. Preparing FRS 105 financial statements is an accounting and reporting exercise. Filing those accounts with Companies House is a separate statutory step. And a Corporation Tax Return (CT600) is a further, distinct filing made to HMRC, based on the company’s taxable profits rather than on the accounts framework alone. Confirmation Statements are separate again. Professional help can ensure each of these is dealt with on its own terms, based on the information you provide and the reporting requirements that apply to your company.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in St Annes-on-Sea

If you would like help with your FRS 105 Micro Entity Accounts, get in touch and tell us about your company. It helps to share some background first — your company’s trading activity, the accounting period you need accounts for, your latest trial balance or bookkeeping records, and any Companies House or HMRC correspondence you have received. With that information we can look at your circumstances, consider whether the micro-entities regime is available to you and explain how the accounts would be prepared. We will talk you through what is needed, answer your questions 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 which qualify for the micro-entities regime and choose to use it. It sets out how the financial statements should be prepared, including the formats for the balance sheet and profit and loss account and the limited disclosures required. It is deliberately more concise than the frameworks used by larger companies, which is why it is popular with very small, owner-managed businesses.

Who can use FRS 105?

FRS 105 is intended for companies that fall within the UK micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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 alone does not guarantee eligibility, because other rules and exclusions can apply to certain types of company, so the position should always be checked against the specific circumstances.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime and choosing to apply it are two different things. A company that is eligible may still decide to prepare its accounts under a different framework, and in some situations that may suit its circumstances better — for example where a lender, investor or group parent expects a fuller set of financial statements. FRS 105 applies when the micro-entities regime is the route that has been selected.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the financial reporting standard used by a much wider range of UK companies, including many small and medium-sized entities, and it comes with more detailed recognition, measurement and disclosure requirements. FRS 105 is a shorter, simpler standard available only to qualifying micro-entities. The practical differences tend to show up in the amount of disclosure, the level of detail in the notes and the way certain items are treated. Choosing between them depends on eligibility and on what the company and its stakeholders actually need from the accounts.

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

Preparing the financial statements and filing them are separate steps. Once the accounts have been prepared, a company will normally need to file them with Companies House as part of its statutory obligations, though what is filed can be a reduced version depending on the regime used. Filing accounts is distinct from filing a Corporation Tax Return, which is submitted to HMRC rather than Companies House, and distinct from the Confirmation Statement, which deals with company details rather than financial reporting.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed with Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, and it deals with the company's taxable profits and tax position for the period. The figures in the accounts usually inform the tax return, but the two documents serve different purposes and go to different authorities.

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 in its first accounting period and the directors choose to apply it. In practice, first-period accounts can be affected by factors such as the length of the period, start-up costs and the level of activity, so the position is best reviewed once the period is complete and the figures are known. It is not something that can be assumed simply because the company is new and small.

What information is needed to prepare FRS 105 accounts?

Typically we would need your bookkeeping records or a trial balance for the period, bank statements and reconciliations, details of sales and purchases, information on fixed assets and any loans or hire purchase agreements, stock or work in progress figures where relevant, and payroll information if the company employs staff. Details of the company's registered office, company number and the accounting period covered are also needed, along with any previous set of accounts so figures can be compared consistently.

What changes are coming to micro-entity accounts filing?

The rules around small company accounts and the way they are filed have been under review in recent years, and changes to filing requirements are being introduced in stages. Because the detail and the timing can matter, and because different companies are affected in different ways, the most reliable approach is to check your specific position each year rather than rely on general commentary. We can review your circumstances and explain what applies to your company before the accounts are prepared and filed.