─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stockwood for Qualifying Companies

FRS 105 Micro Entity Accounts are prepared under the UK micro-entities regime, which is an available accounting framework for companies that qualify and choose to apply it. FRS 105 sets out a simplified basis for preparing annual financial statements, with reduced disclosure requirements compared with larger reporting frameworks. Professional preparation can help ensure your accounts reflect your company’s financial records and circumstances appropriately, and that the figures and disclosures are presented in line with the relevant requirements. It is important to note that not every small company qualifies for the micro-entities regime, and eligibility depends on the size conditions and other rules and exclusions that apply. If you run a company in Stockwood and want to understand whether FRS 105 Micro Entity Accounts may be suitable, our team can review your position and help you prepare the accounts on a clear, transparent basis.

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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 
    
 
 
 
   
 
 
       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: What the Micro-Entities Regime Means for Your Stockwood Company

FRS 105 is a UK financial reporting standard designed for companies that qualify for the micro-entities regime. In simple terms, it gives smaller companies a more streamlined way to prepare their annual accounts, with simpler measurement and fewer disclosures than frameworks such as FRS 102. The micro-entities regime is optional: a qualifying company can choose whether to apply it, and FRS 105 applies when that regime is chosen. The result is a set of FRS 105 financial statements that still need to be prepared accurately from the company’s records and filed where required. For business owners in Stockwood, understanding whether FRS 105 Micro Entity Accounts fit your company is the first step. We can explain the framework in plain English, check the relevant eligibility conditions, and help you prepare accounts that are appropriate for your circumstances.

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

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 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. However, the size conditions are not the whole story. Other eligibility rules and exclusions can apply, and meeting the thresholds alone does not guarantee that a company qualifies for the micro-entities regime or that FRS 105 is the right choice. If you are based in Stockwood and want to understand whether your company may be able to use FRS 105 Micro Entity Accounts, we can review the relevant details with you and explain the options in plain English.

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 in Stockwood for Accurate Financial Reporting

Professionally prepared FRS 105 Micro Entity Accounts start with accurate records and a clear understanding of the reporting requirements that apply to your company. We can work from your bookkeeping, bank records, invoices, payroll information and other financial details to prepare financial statements under FRS 105, considering the disclosure requirements of the micro-entities regime where your company qualifies and has chosen to apply it. Preparation of the accounts and any Companies House filing are separate from Corporation Tax obligations: a CT600 is a Corporation Tax Return submitted to HMRC, while FRS 105 accounts are financial statements. We do not guarantee any particular filing outcome or regulatory approval, but we can help you prepare accounts based on the information provided and the applicable requirements, and explain the next steps clearly. If you are looking for FRS 105 Micro Entity Accounts in Stockwood, we can support you through the process.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Stockwood

If you need help with FRS 105 Micro Entity Accounts, the best next step is to tell us about your company and its circumstances. We can discuss your accounting records, reporting obligations and filing requirements, and explain what information we need to assess whether the micro-entities regime may be relevant for you. Whether you are preparing accounts for the first time or reviewing your current approach, we can provide clear guidance and practical support. Contact us to talk through your FRS 105 Micro Entity Accounts requirements in Stockwood and find out how we can help you move 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 for companies that qualify for and choose to apply the micro-entities regime. It provides a simplified framework for preparing annual financial statements, with fewer disclosure and measurement requirements than larger frameworks. It is an accounting standard, not a tax return, and it applies only when the micro-entities regime is selected.

Who can use FRS 105?

FRS 105 is available to 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting these size conditions alone does not automatically mean a company can or should use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A company that qualifies may be able to choose whether to apply it. If the company chooses the micro-entities regime, FRS 105 applies to the preparation of its financial statements. If it does not choose that regime, another suitable framework may apply instead, depending on eligibility.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simplified framework for qualifying micro-entities, while FRS 102 is a broader financial reporting standard used by many other companies. FRS 105 generally involves fewer disclosures and simpler accounting treatment, which can make it more straightforward for eligible micro-companies. FRS 102 has wider requirements and is typically used by companies that do not qualify for, or do not choose, the micro-entities regime. The right framework depends on eligibility and the company's circumstances.

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

If a company is required to file annual accounts at Companies House, the accounts must be prepared under an applicable framework. For a qualifying company that has chosen the micro-entities regime, that framework may be FRS 105. Filing the accounts is separate from preparing them, and Companies House filing does not replace any Corporation Tax obligations. Filing requirements depend on the company and the relevant rules, so it is worth checking what applies to your circumstances.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime, where applicable. A CT600 is a separate Corporation Tax Return submitted to HMRC. The figures in the accounts often inform the tax return, but the two are different documents with different purposes and deadlines. Preparing and filing FRS 105 accounts does not itself satisfy Corporation Tax filing obligations.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies still need to consider the size conditions, any exclusions and the rules for their particular accounting period, including first-period considerations. It is not automatic, and professional advice can help confirm whether FRS 105 is appropriate for the company's circumstances.

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

To prepare FRS 105 Micro Entity Accounts, we typically need complete bookkeeping records, bank statements, sales and purchase invoices, expense receipts, payroll information if the company employs staff, details of assets and liabilities, and any previous accounts or filings. The exact information depends on the company's activities and transactions. Having clear records helps ensure the financial statements are prepared accurately and efficiently.