─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in St Columb
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Micro Entity Accounts Explained in St Columb
Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for St Columb Companies
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
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 FRS 105 Micro Entity Accounts Preparation in St Columb
Get Help with Your FRS 105 Micro Entity Accounts in St Columb
─── 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.
FRS 105 is the UK financial reporting standard for companies that apply the micro-entities regime. It sets out how qualifying micro-entities prepare their financial statements, with a simplified framework compared with standards such as FRS 102. FRS 105 is not a tax return; it relates to the accounts, which may then be used as part of the wider reporting and filing process.
FRS 105 Micro Entity Accounts are intended for companies that qualify for the UK micro-entities regime and choose to apply it. This can include newly incorporated companies, provided they qualify and choose the regime. A company must satisfy the applicable eligibility conditions and not be excluded from the regime. Qualifying is not purely a matter of size, so it is worth checking the company's specific position before preparing accounts.
No. A company that qualifies for the micro-entities regime can generally choose whether to apply it. FRS 105 applies when that regime is chosen. Depending on the company's circumstances and reporting needs, another framework such as FRS 102 may be more appropriate or required.
For accounting periods beginning on or after 6 April 2025, the size conditions are generally a 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. A company usually needs to meet at least 2 of these 3 conditions, subject to the applicable rules and exclusions. Eligibility is not based on size alone, so it is worth checking the company's specific position before preparing FRS 105 Micro Entity Accounts.
FRS 105 is a specialist framework for micro-entities, while FRS 102 is a broader UK GAAP standard used by many small, medium and larger entities. FRS 105 generally offers simpler recognition and measurement requirements and fewer disclosures. FRS 102 may be needed or preferred where the company requires certain accounting treatments, has more complex transactions, or is part of a group with specific reporting needs.
If a company is required to file annual accounts, micro-entity accounts prepared under FRS 105 will usually form part of that filing, subject to the applicable filing requirements. The accounts are separate from a Corporation Tax Return. Filing obligations and the level of information required can depend on the company's circumstances, so it is important to confirm what applies before submitting anything to Companies House.
Yes. FRS 105 accounts are financial statements prepared under the UK accounting framework, whereas a CT600 is a Corporation Tax Return submitted to HMRC. The accounts may be used as a starting point for the tax return, but tax adjustments can differ from the accounting figures. The two have their own requirements and should not be treated as the same filing.
UK company filing requirements are being updated over time, including changes that affect how small and micro-entity accounts are filed with Companies House and what information they need to include. Because the details and timing can vary, the best approach is to check the latest official guidance or ask us to review your company's position for the relevant accounting period.