─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stockton-on-Tees

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 sits within the micro-entities regime and sets out a simplified basis for preparing and presenting financial statements, which many smaller companies find more straightforward than the alternatives. For directors in Stockton-on-Tees, professional preparation helps ensure the accounts reflect your actual financial records, are presented in line with the chosen framework, and are ready for the appropriate filing requirements. It also helps avoid the common pitfalls that arise when a framework is applied inconsistently — such as unclear disclosure notes or figures that do not reconcile to the underlying bookkeeping. Whether you are filing your first set of micro-entity accounts or switching frameworks, the emphasis is on accuracy, clarity and a proper fit with your company’s circumstances. Eligibility is not automatic, so it is worth reviewing your position before the accounts are prepared.

🔥 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 Financial Reporting Standard for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for companies using the micro-entities regime. In simple terms, it is the rulebook that tells you how micro-entity financial statements should be put together and what they should contain. It is deliberately simpler than the standards used by larger companies: there is less emphasis on fair value adjustments and revaluation, fewer disclosure requirements, and a more straightforward approach to measuring things like debtors, creditors and fixed assets. That simplicity is the main attraction. Rather than producing a long set of notes explaining accounting policies and judgements, a qualifying company applying FRS 105 typically produces a shorter, more focused set of accounts covering the balance sheet, the profit and loss account and a small number of notes. Crucially, the micro-entities regime is an available accounting regime, not a compulsory one — a qualifying company can choose to apply it, and it is FRS 105 that applies when that choice is made. If a qualifying company decides not to use the micro-entities regime, a different framework such as FRS 102 would normally be used instead. Choosing between them affects how the figures are presented, so it is worth understanding what each option involves for your business before the accounts are prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it — both parts matter. 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, subject to the relevant rules and exclusions: 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 give a useful indication of where the line broadly sits, but they are not the entire test. Other eligibility rules and exclusions can apply, and some companies are excluded from the regime altogether or from using it in particular circumstances. Meeting the size conditions therefore does not on its own guarantee that a company qualifies, and qualifying does not mean the regime must be used. If you are a director in Stockton-on-Tees weighing up whether FRS 105 Micro Entity Accounts are the right fit, the sensible step is to have your company’s specific position reviewed against the current rules before any framework is applied.

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

Preparing FRS 105 Micro Entity Accounts starts with your records: the bookkeeping, bank statements, sales and purchase information, payroll data, and any asset or liability details that sit behind your year-end position. From there, the accounts are built up in line with the micro-entity framework as it applies to your company’s circumstances, with the balance sheet, profit and loss account and supporting notes presented in the required format. It is important to keep two things distinct. The first is the preparation of the financial statements themselves and their filing with Companies House under the applicable company filing requirements. The second is Corporation Tax: a CT600 Corporation Tax Return is a separate submission made to HMRC, and it is not the same thing as the accounts. In practice, the figures in the two documents are closely related, so it makes sense to deal with them together where possible. What professional preparation offers is a structured, organised approach — accounts built from your actual records, presented in the correct format, and reconciled so that the numbers hold together. It is not a guarantee of any particular outcome, but it does reduce the risk of avoidable errors, inconsistencies or a filing that does not reflect what actually happened in the business.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts, the best starting point is a conversation about your company’s position. We will want to understand your trading activity, your accounting records, your year-end date and whether you have previously filed accounts, so that we can properly assess your circumstances and explain what is involved. Bring along whatever you have — bookkeeping records, previous accounts, bank and payroll information — and we can talk through how the micro-entities regime applies, what information is still needed, and how the accounts and your separate Corporation Tax obligations fit together. There is no obligation and no pressure: the aim is simply to give you a clear picture of your options, set out in plain English, before you decide how to proceed.

─── 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 using the micro-entities regime. It sets out how micro-entity financial statements should be prepared and presented, and it is intentionally simpler than the standards used by larger companies. In practical terms, that means fewer accounting adjustments, fewer disclosure notes and a shorter, more straightforward set of accounts covering the balance sheet, profit and loss account and a small number of supporting notes.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it. Qualifying is not the same as being required to use it — the regime is an available option, not a compulsory one. It is also worth noting that meeting the size conditions does not automatically settle the question, because other eligibility rules and exclusions can apply to particular companies or accounting periods. The reliable approach is to review your company's specific circumstances rather than assume eligibility from size alone.

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 the 3 applicable size conditions, subject to the relevant rules and exclusions. Those conditions are 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 at least 2 of the 3 is the starting point rather than the whole test — other eligibility rules and exclusions can still affect whether a company qualifies, and different thresholds applied to earlier accounting periods.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is one available accounting regime among others, and a company that qualifies for it can still choose not to apply it. Where a qualifying company does choose to apply the micro-entities regime, FRS 105 is the standard that applies. Where it does not, a framework such as FRS 102 would normally be used instead. The choice affects how figures are presented and how much disclosure is required, so it is worth considering your options rather than defaulting to one approach.

What is the difference between FRS 105 and FRS 102?

The main difference is the level of complexity. FRS 105 is built around the micro-entities regime and keeps things deliberately simple, with limited measurement adjustments and fewer disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it generally involves more detailed accounting treatment, more judgements and more extensive notes to the accounts. FRS 105 is available only to companies using the micro-entities regime, so the two are not simply interchangeable alternatives for every business.

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

Companies that prepare accounts are subject to company filing requirements, and for most limited companies that means filing accounts with Companies House. FRS 105 Micro Entity Accounts are prepared in the format required by the micro-entity framework, and the filing itself is a separate step from the preparation — the accounts are drawn up first, then filed in line with the applicable requirements. It is worth checking the specific requirements that apply to your company, as they can vary depending on factors such as company type and the period covered.

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

Yes, they are two distinct things. FRS 105 relates to the accounting and financial reporting framework used to prepare the financial statements. A CT600 is a Corporation Tax Return submitted to HMRC, which is a separate filing obligation with its own rules and deadlines. That said, the two are connected in practice, because the figures in the accounts typically form the starting point for the tax computation, which is why it can be efficient to prepare them in step with one another.

What information is needed to prepare FRS 105 accounts?

As a general guide, you would usually need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, payroll details, details of any loans or finance agreements, and information about assets and liabilities at the year end. If accounts have been prepared before, the previous year's figures are helpful too, as they provide a comparative position. The exact list depends on how the company trades and what it owns or owes, so it is best to confirm requirements once your circumstances are known.