─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stafford

If your company is based in Stafford and you are looking for a straightforward, proportionate way to prepare and report your annual figures, FRS 105 Micro Entity Accounts may be the right fit. FRS 105 is the financial reporting framework set out for qualifying micro-entities that choose to apply the UK micro-entities regime. It is a simplified basis of accounting designed for smaller companies, and it sits alongside — rather than replaces — your other filing and tax obligations. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s particular circumstances, that the figures are consistent with your underlying financial records, and that the disclosures included are the ones that actually apply to you. Because eligibility for the micro-entities regime depends on a combination of size criteria and other rules, a conversation about your position is always the sensible starting point before assuming FRS 105 is available to you.

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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: What It Means for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that applies to companies choosing to use the micro-entities regime when preparing their annual financial statements. In plain terms, it is a stripped-back accounting framework: it uses a simpler measurement basis, keeps disclosures to a minimum, and produces a shorter set of accounts than the fuller standards used by larger companies. That matters because preparing FRS 105 Micro Entity Accounts can reduce the time, cost and complexity involved in reporting for a small company, while still producing financial statements that are properly structured and filed. It is important to be clear that this regime is optional. A company that qualifies for the micro-entities regime can choose to apply it, and FRS 105 applies when that choice is made — it is not an automatic label attached to every small company. Equally, a company that does not qualify, or that has reasons to prefer a different framework, would prepare its accounts under another standard. For directors in Stafford weighing up their options, understanding FRS 105 is really about understanding whether the micro-entities regime suits how your company operates and reports.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is a two-part idea: you need to fall within the size limits, and you need to be free of the other eligibility restrictions that apply to the regime. On size, 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 figures are the starting point, not the whole answer. The relevant rules and exclusions can affect whether a company is permitted to use the micro-entities regime, and some companies are excluded regardless of size. Meeting the size thresholds therefore does not automatically guarantee eligibility, and FRS 105 only applies once a qualifying company actively chooses the micro-entities regime. For directors in Stafford running a small limited company, the practical route is to review your figures and your company’s circumstances, then confirm whether FRS 105 Micro Entity Accounts are likely to be appropriate before the year-end work begins.

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 with Accurate Financial Reporting

FRS 105 Micro Entity Accounts are prepared from your company’s financial records and the reporting requirements that apply to it. That means starting with accurate bookkeeping — bank transactions, sales and purchase records, expenses, assets and liabilities — and then translating those records into a set of financial statements that reflect the framework properly. Where the micro-entities regime is being applied, the accounts will follow the presentation and disclosure requirements of FRS 105 rather than the fuller requirements of other standards, and the balance sheet, notes and supporting information need to line up with one another. It is worth separating out the different pieces of the year-end jigsaw: the preparation of your financial statements is one task, filing those accounts with Companies House is another, and your Corporation Tax Return (CT600) is a separate submission made to HMRC. Getting the accounts right supports the other two, but they are not the same thing and should not be treated as interchangeable. Working with a professional preparer helps make sure your FRS 105 Micro Entity Accounts are consistent, complete for your circumstances, and ready to be filed.

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ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Stafford

Whether you are preparing your first set of FRS 105 Micro Entity Accounts or you simply want a second pair of hands at year end, the next step is a conversation about your situation. Tell us about your company, your accounting period, the records you keep and how you currently prepare your figures, and we can assess whether the micro-entities regime is likely to be appropriate for you and what would be needed to prepare your FRS 105 Micro Entity Accounts properly. If you are unsure whether FRS 105 or another framework fits your company, that is a perfectly sensible thing to raise. Get in touch with your details and we will talk through your requirements and the information needed to move things forward.

─── 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 choosing to use the micro-entities regime when preparing their annual financial statements. It is a simplified framework, containing reduced disclosure requirements and simplified measurement rules compared with the standards used by larger companies, and it is intended to make annual reporting more proportionate for the smallest companies.

Who can use FRS 105?

FRS 105 is available to companies that both qualify for the micro-entities regime and choose to apply it. Qualification depends on meeting the applicable size conditions and on not being excluded by the other eligibility rules. Meeting the size thresholds on their own does not automatically guarantee eligibility, so it is worth checking your specific position — including your company's structure and activities — before deciding to prepare accounts under FRS 105.

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. These conditions are subject to the relevant rules and exclusions, and certain companies are not eligible for the micro-entities regime regardless of their size. Because the detail matters, it is worth confirming your eligibility with a professional rather than relying on the headline figures alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies for it may choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies decide to use a different framework instead, often because of the way they report to lenders, investors or group companies. The decision is yours to make, and it can be reviewed if your circumstances change.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in depth and complexity. FRS 105 is the micro-entities framework, with a simplified measurement basis and a much shorter set of disclosure notes. FRS 102 is the standard generally used by small and medium-sized companies that do not qualify for, or choose not to use, the micro-entities regime. FRS 102 accounts typically include more detailed disclosures and can involve more judgement and more supporting work to prepare.

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

Accounts prepared under FRS 105 are the company's annual financial statements, and filing those accounts with Companies House is a separate step from preparing them. What gets filed depends on the filing options available to your company and the framework applied. Filing accounts is also distinct from your Corporation Tax Return — the CT600 is submitted to HMRC, not Companies House, and covers different information.

Can a new limited company use FRS 105?

It can be possible, but it is not something to assume. A newly incorporated company still needs to qualify for the micro-entities regime and choose to apply it, and the same size conditions and exclusions apply. In practice, new companies often need to consider whether their first period is long enough and active enough for the size tests to be assessed sensibly, and whether any other eligibility restrictions apply to them.

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

In broad terms, you will need complete and accurate bookkeeping records for the period, including bank statements and reconciliations, sales and purchase records, expense and receipt documentation, details of any assets and liabilities, and information about amounts owed to or by the company. Directors' loan account movements, VAT records where applicable, and details of any share capital also help. If your company is filing accounts, having the previous year's filed accounts to hand is useful as well. Good records make preparation smoother and reduce the number of queries raised along the way.

Am I eligible if I meet two of the three size conditions?

Meeting at least two of the three applicable conditions is generally the starting point for the size test for accounting periods beginning on or after 6 April 2025, but it is not the whole picture. The relevant rules and exclusions still apply, and some companies are prevented from using the micro-entities regime even where they fall within the size limits. Treating the size test as a tick-box exercise can lead to the wrong framework being used, so eligibility is best confirmed on a case-by-case basis.