─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stocksfield

FRS 105 Micro Entity Accounts in Stocksfield are prepared under the financial reporting framework that applies to qualifying companies which choose to use the UK micro-entities regime. FRS 105 is a specific accounting standard, and it is the regime — not the size tests on their own — that determines whether it can be applied. Professional preparation begins with a review of your circumstances to confirm whether the micro-entities regime is available to your company and sensible for how you want to report. From there, the accounts are built from your bookkeeping and supporting records, so the balance sheet, any profit and loss information and the notes reflect the company’s actual position rather than a generic template. If you run a small limited company in Stocksfield and want clear, accurate financial statements, we can prepare FRS 105 Micro Entity Accounts that suit your circumstances and support your wider filing obligations.

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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 Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for, and choose to apply, the micro-entities regime. In plain terms, it is the rulebook used to draw up a company’s annual financial statements when that regime is used: the balance sheet, the profit and loss account where prepared, and the supporting notes. It is deliberately simplified. Revaluation and fair value accounting are not permitted, and the disclosure requirements are lighter than those of the larger standards, which keeps the financial statements shorter and easier to follow. Crucially, FRS 105 is not automatic. A company must first qualify for the micro-entities regime, and it can then decide whether to use it — plenty of companies report under FRS 102 instead. Understanding which framework applies to you, and applying it consistently, is where professional help tends to pay off.

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

FRS 105 is intended for companies that qualify for the UK 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 the 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 over the period. Those tests are a starting point, not the whole answer. Other eligibility rules and exclusions apply, and certain company types cannot use the micro-entities regime regardless of their size, so a company that comfortably meets the thresholds may still find FRS 105 is not open to it. Equally, a company that qualifies is under no obligation to use it. For FRS 105 Micro Entity Accounts in Stocksfield, the sensible approach is to check your specific circumstances against the regime rules and the available alternatives before deciding how to report.

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

Preparing FRS 105 Micro Entity Accounts is a matter of turning accurate records into financial statements that follow the applicable reporting requirements for a company using the micro-entities regime. We work from your bookkeeping, bank and supporting records to build a balance sheet, a profit and loss position and the limited notes that FRS 105 requires, checking that the figures are consistent with the underlying transactions and with previous periods. Preparation of the financial statements and filing those accounts with Companies House are separate steps, and both sit apart from your Corporation Tax obligations: a CT600 is a distinct return submitted to HMRC, even though it draws on the same underlying figures. We can explain what each step involves and what information is still outstanding, without promising any particular outcome, acceptance or result.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Stocksfield

If you would like support with your FRS 105 Micro Entity Accounts, the most useful first step is a conversation about your company. Tell us how you trade, how your records are kept, whether you have traded for a full period, and what has changed since the last set of accounts, and we can assess whether the micro-entities regime is likely to be available to you and what the work would involve. It also helps to have your bookkeeping, bank statements, sales and purchase records, payroll information, asset and loan details and last year’s accounts to hand, so we can give you a clear view of the preparation work and a straightforward explanation of the steps ahead. Pricing for FRS 105 Micro Entity Accounts is explained clearly and transparently before any work begins, so there are no surprises.

─── 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 sets out how a qualifying company that chooses to use the micro-entities regime prepares its annual financial statements, including the balance sheet, the profit and loss account where prepared, and the notes. It is a simplified framework: revaluation and fair value accounting are not permitted and the disclosure requirements are lighter than under the larger standards. FRS 105 governs accounting and reporting, not tax — your Corporation Tax position is dealt with separately through a CT600.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the 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 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. Meeting those size conditions is not the whole picture, because other eligibility rules and exclusions can apply and some company types cannot use the regime at all.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime makes FRS 105 available; it does not force you to use it. A qualifying company can choose to apply the micro-entities regime and FRS 105, or it can report under a different framework such as FRS 102. The choice affects how the figures are measured and how much is disclosed, so it is worth thinking about who will read the accounts and whether comparability with earlier years matters to you.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard: simpler measurement, no revaluation or fair value, and fewer notes. FRS 102 is the standard used by small and larger entities and allows more measurement options, such as revaluation and fair value, alongside more extensive disclosure. Because the two frameworks produce different figures and different levels of detail, switching between them is not simply a presentation change.

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

Yes. A limited company's annual accounts, including FRS 105 Micro Entity Accounts, are filed with Companies House as part of its statutory obligations. The preparation of the financial statements and the act of filing them are two separate stages, and the filing route and format are changing as Companies House moves towards digital submission, so it is worth confirming the current requirements for your period. Filing accounts is distinct from your Corporation Tax filing, which goes to HMRC.

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

Yes, they are separate filings. FRS 105 Micro Entity Accounts are the company's 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 is based on a tax computation that starts from the accounting figures but applies tax rules and adjustments. The accounts inform the return, but one does not replace the other, and the two are submitted to different bodies.

What information is needed to prepare FRS 105 accounts?

We normally need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase documentation, payroll summaries, details of any loans, hire purchase or lease agreements, an asset register with additions and disposals, stock or work in progress figures where relevant, share capital details, and the previous year's accounts. If any of that is incomplete, we can talk through what is missing and what can reasonably be reconstructed from the records you do have.

What changes are coming to micro-entity accounts filing?

Company filing requirements have been evolving. Companies House has been moving towards software-only filing of accounts, and there are plans to require small and micro-entities to include profit and loss information rather than filing a balance sheet and notes alone. The detail and timing of these changes are set out in current guidance, so the practical step is to confirm what applies to your accounting period before you file, and to keep your records in a format that supports both your accounts and your Corporation Tax return.