─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stewarton

FRS 105 Micro Entity Accounts in Stewarton are prepared under the financial reporting framework that applies to companies which qualify for, and choose to apply, the UK micro-entities regime. FRS 105 sets out a simplified basis of accounting, so the financial statements are generally shorter and more streamlined than those prepared under a fuller framework. Eligibility depends on meeting the relevant size conditions and on there being no exclusion that prevents a company from being treated as a micro-entity, so the position should always be checked carefully before deciding which framework to use. Professional preparation helps ensure the accounts are built from accurate bookkeeping records, reflect the company’s own circumstances, and are presented in line with the applicable reporting requirements. We work with directors across Stewarton and the surrounding area to prepare FRS 105 Micro Entity Accounts that are clear, consistent and ready for the relevant filing obligations, whether that is the accounts themselves, a Corporation Tax Return (CT600) or a separate Confirmation Statement.

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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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   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.
  
 
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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 the Micro-Entities Regime Means for Your Stewarton Company

FRS 105 is the UK financial reporting standard used by companies that qualify as micro-entities and choose to apply the micro-entities regime. In simple terms, it is a simplified accounting framework: disclosure requirements are kept to a minimum and a straightforward basis is used for measuring items in the accounts, which makes the financial statements shorter and easier to follow than those prepared under a fuller framework such as FRS 102. A company does not automatically fall into FRS 105 — it first has to qualify as a micro-entity, and then the directors have to decide to apply the regime. Once that choice is made, FRS 105 is the standard used to prepare the FRS 105 financial statements. Those statements typically include a balance sheet, supporting notes and any required statements, giving a clear picture of the company’s financial position at the period end for the benefit of directors, shareholders and other users. For a small company in Stewarton, FRS 105 can mean less paperwork and a more proportionate set of accounts, provided the framework genuinely suits the company’s size, structure and activities.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. 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. Those figures are a starting point rather than the whole test. Other eligibility rules and exclusions can apply, so meeting the size thresholds does not automatically mean a company is eligible — certain entities are excluded from the micro-entities regime regardless of their size, and the conditions have to be considered alongside the company’s structure, activities and any group relationships. Where a company does qualify and the directors decide to use the regime, FRS 105 applies to its financial statements. For companies in Stewarton, the practical starting point is a short review of the company’s circumstances, its accounting period and its records before confirming which framework is appropriate.

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 in Stewarton

Preparing FRS 105 Micro Entity Accounts starts with the company’s own financial records — bookkeeping entries, bank and credit card transactions, sales and purchase records, expense receipts and asset information — which are then used to build a balance sheet and supporting notes in line with the micro-entities regime. Our role is to prepare the financial statements, apply the framework consistently to the figures provided, and explain what the numbers mean in plain English so directors can understand the position and ask informed questions. We also keep accounts preparation clearly separated from other obligations, because they are different tasks with different purposes. A Corporation Tax Return (CT600) is a separate filing submitted to HMRC to report taxable profits, while a Confirmation Statement is a separate Companies House filing that confirms company details. Where statutory accounts are to be filed at Companies House, we prepare the figures and the filing information on that basis, but we do not claim that Companies House or HMRC reviews, approves or endorses the accounts. Directors remain responsible for the accuracy of the information they provide and for the filings submitted in the company’s name.

ICAEW

ACCA

AAT

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

If you would like help with your FRS 105 Micro Entity Accounts, the next step is a straightforward conversation about your company. Tell us about your trading activity, your accounting period, the records you keep and how you currently handle bookkeeping, and we can look at whether the micro-entities regime is likely to be relevant to your circumstances and what would be involved in preparing the accounts. We are happy to answer questions about eligibility, the information we would need, and how FRS 105 financial statements sit alongside other filings such as a Corporation Tax Return or a Confirmation Statement. Get in touch to discuss your requirements and we will set out clearly what is needed from you and how the work would be approached, with clear, transparent pricing and a practical, no-jargon service from start to finish.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It provides a simplified basis for preparing financial statements, with reduced disclosure requirements, so the accounts are generally shorter than those prepared under a fuller framework such as FRS 102. It governs how the accounts are put together — it is not a tax return and it does not determine how much tax a company pays.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and whose directors choose to apply the micro-entities regime. Qualification depends on the size conditions being met, along with any relevant rules and exclusions. Meeting the size thresholds alone does not guarantee eligibility, so the position should be checked against the company's own circumstances and the accounting period in question. Companies that do not qualify, or that qualify but decide to use a different framework, prepare their accounts under another standard.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies as a micro-entity can choose to apply it, and where that choice is made, FRS 105 is the standard used for the accounts. Directors may instead decide that a fuller framework better suits the company's circumstances, for example where lenders, investors or a parent company want more detailed information.

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 apply subject to the relevant rules, and certain companies are excluded from the regime regardless of size. Because eligibility can depend on the specific facts, it is worth confirming the position before choosing a framework.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are designed for different sizes of company. FRS 105 is the simpler micro-entities framework, with reduced recognition, measurement and disclosure requirements. FRS 102 is a more detailed framework used by larger or non-micro companies, and it generally involves more disclosures and more judgement in areas such as financial instruments, deferred tax and fair value. FRS 105 accounts are therefore usually shorter and more straightforward, while FRS 102 accounts give a fuller picture of more complex arrangements.

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

As with accounts prepared under any other framework, the statutory accounts of a limited company normally need to be filed with Companies House for the relevant accounting period, unless a particular exemption or filing route applies. FRS 105 determines how the accounts are prepared, whereas the Companies House filing is a separate step with its own requirements and format. We can prepare the FRS 105 financial statements and the associated filing information, but the company remains responsible for submitting the filing.

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

Yes. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities regime. A CT600 is a separate Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out what tax is due. The two are connected in the sense that the accounts usually provide the starting point for the tax computation, but they are different documents prepared for different purposes and submitted to different bodies — accounts to Companies House, the CT600 to HMRC.

What information is needed to prepare FRS 105 accounts?

We usually need the company's bookkeeping records or accounting software access for the period, bank and credit card statements, sales and purchase records, details of assets and liabilities, expense receipts, and any loan or hire purchase agreements that apply. Information about share capital and dividends is also helpful. The clearer and more complete the records, the more efficiently the FRS 105 financial statements can be prepared and the easier it is to resolve any queries that arise along the way.