─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in St Neots

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company meets the relevant eligibility conditions and you decide the regime suits your circumstances, your accounts can be prepared under FRS 105 rather than under a fuller framework such as FRS 102. Professional preparation helps ensure the FRS 105 Micro Entity Accounts are put together appropriately for your company’s own circumstances — reflecting the transactions and balances actually recorded in your books, applying the simplified measurement requirements FRS 105 allows, and presenting the financial statements in a format that fits a micro-entity. It also helps keep the accounts, the Companies House accounts filing and your separate Corporation Tax obligations clearly in view, so nothing important is confused or overlooked along the way.

🔥 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

FRS 105 Explained: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits within UK GAAP and is based on FRS 102, but it is deliberately much simpler, allowing a far more straightforward approach to measuring assets and liabilities and removing many of the more involved accounting treatments that larger companies have to deal with. The standard works alongside the UK micro-entities regime, which is a legal framework that qualifying small companies can choose to use. Choosing that regime and preparing FRS 105 Micro Entity Accounts go hand in hand — FRS 105 is the standard that applies when the micro-entities regime is used. In practical terms, FRS 105 financial statements tend to be more compact than accounts prepared under a fuller framework, often centred on a statement of financial position with the supporting notes, and the exact content depends on the company’s circumstances and the filing requirements that apply. Not every small company qualifies for the micro-entities regime, and applying it is a choice rather than an automatic outcome — which is why it is worth checking your position before deciding how to prepare your accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 3 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 during the period. Meeting those size conditions is not the whole test — other eligibility rules and exclusions can affect whether the micro-entities regime is available, so the thresholds alone do not guarantee eligibility. Just as importantly, a qualifying company is never obliged to use the regime; it is an available accounting regime, and FRS 105 applies when it is chosen. In practice the assessment is made for each accounting period, so a business that qualifies this year may not qualify next year if turnover grows or it takes on more staff. It is also worth remembering that eligibility for the regime and the preparation of FRS 105 Micro Entity Accounts are closely linked: the standard is the framework you use once the regime has been selected.

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

FRS 105 Micro Entity Accounts are prepared from your company’s financial records together with the reporting requirements that apply to it. In practice, that means starting with accurate bookkeeping, year-end adjustments and supporting documentation, then applying the recognition and measurement rules in FRS 105 to produce the financial statements — typically a statement of financial position with the notes needed to support it. It is worth keeping the different obligations distinct: preparing the financial statements and filing accounts at Companies House sit on the reporting side, while a Corporation Tax Return (CT600) is a separate submission to HMRC built on tax legislation rather than the accounting framework. Whoever prepares your FRS 105 Micro Entity Accounts should be able to talk you through the judgements involved, explain why the figures look the way they do, and flag anything that might affect whether the micro-entities regime continues to suit your company in the following accounting period.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in St Neots

If you would like help with FRS 105 Micro Entity Accounts in St Neots, get in touch and tell us about your company. It helps to have a sense of your accounting period, an indication of your turnover, balance sheet total and average employee numbers, and an idea of how your records are currently kept — whether that is accounting software, spreadsheets or a folder of receipts and invoices. From there we can look at whether the micro-entities regime appears to suit your circumstances, explain what your FRS 105 financial statements will include, and set out the separate steps for your Companies House accounts filing and your Corporation Tax Return (CT600). Clear, transparent pricing and a straightforward conversation about what is involved.

─── 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 micro-entities. It forms part of UK GAAP and is based on FRS 102, but it is deliberately simplified: it removes much of the complexity around measuring assets and liabilities and is designed to keep the financial statements short and easy to follow. FRS 105 applies when a qualifying company chooses to apply the micro-entities regime, which is why accounts prepared under it are often described as FRS 105 Micro Entity Accounts.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option, not a requirement. A company that qualifies can choose to apply it and prepare FRS 105 accounts, or it can prepare accounts under a fuller framework such as FRS 102, typically in line with the small companies regime. The choice can matter — for example, if you need more detailed information for lenders, investors or group reporting — so it is worth making the decision deliberately rather than treating FRS 105 as the default for any small company.

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 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 during the period. These are size conditions, and other rules and exclusions can also apply, so meeting the thresholds does not automatically mean the regime is available to your company. Eligibility is normally assessed for each accounting period, which is why it is worth revisiting the position each year rather than assuming it stays the same.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main UK GAAP standard and covers a wide range of accounting treatments, including detailed disclosure requirements and options such as certain fair value and revaluation approaches. FRS 105 is a separate, shorter standard built for micro-entities. It takes a simpler approach to measurement and presentation, permits fewer accounting options — for instance, FRS 105 does not allow the revaluation of tangible fixed assets and does not recognise deferred tax — and requires fewer notes. In short, FRS 102 gives you more options and more detail, while FRS 105 gives you a leaner set of financial statements suited to a very small company.

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

If your company is required to file accounts with Companies House, the FRS 105 Micro Entity Accounts form the basis of that filing, alongside any other documents due for the period, such as a Confirmation Statement. Micro-entity accounts filed at Companies House are usually a shortened version of the financial statements, focused on the statement of financial position and its supporting notes, rather than the full internal records behind them. Filing accounts at Companies House is a separate exercise from dealing with HMRC, so it is worth keeping a clear record of what has been filed and when.

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

Yes, they are separate. FRS 105 accounts are prepared under the accounting framework and are used for the statutory accounts filing at Companies House. A Corporation Tax Return (CT600) is a tax filing submitted to HMRC and is prepared under tax rules rather than accounting standards. The figures often start from the accounts, but adjustments — such as disallowable expenses or capital allowances — can mean the taxable profit differs from the accounting profit, so filing the accounts does not on its own settle the company's Corporation Tax position.

Can a new limited company use FRS 105?

It can, provided it qualifies for the micro-entities regime and chooses to apply it. A newly incorporated company that has only recently started trading is often small enough to fall within the size conditions, but eligibility still depends on the relevant rules and exclusions, and a first accounting period can raise its own questions about how the figures should be presented. The practical approach is to check the position before preparing the first set of accounts rather than assuming FRS 105 will apply.

What changes are coming to micro-entity accounts filing?

The rules around accounts filing have been evolving. The updated micro-entity size thresholds apply to accounting periods beginning on or after 6 April 2025, and Companies House has been moving towards filing accounts through software, with more information required to be filed for small and micro-entity accounts than in the past. Because the detail and timing of these changes can be confirmed or adjusted, it is sensible to check current Companies House guidance before you file and to talk to whoever prepares your accounts about what it means for your company.