─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stoke On Trent

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for companies that qualify for, and choose to apply, the UK micro-entities regime. FRS 105 is a distinct accounting standard, and it is not simply a lighter version of the accounts prepared under other frameworks — it comes with its own recognition, measurement and disclosure requirements, which is why the detail matters. For a small company in Stoke On Trent, professional preparation can help ensure the accounts are put together appropriately for the company’s own circumstances, based on the records provided and the reporting requirements that apply. It also helps to keep the accounting treatment consistent from one period to the next, so the figures filed at Companies House tell a coherent story about the business. If you are unsure whether FRS 105 Micro Entity Accounts are the right fit, or whether your company meets the qualifying conditions, a conversation about your situation is a sensible starting point rather than an assumption either way.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it sets out how a qualifying micro-entity prepares its annual financial statements — the balance sheet, the profit and loss account and the notes — when it chooses to use that regime. The micro-entities regime is an available accounting framework, not an automatic one: a company has to fall within the eligibility rules, and then it has the option of applying the regime. FRS 105 applies when that choice is made. What makes FRS 105 distinctive is that it is built around a simpler set of accounting requirements than the standards used by larger companies, with fewer disclosures and a more straightforward approach to measuring assets and liabilities. For a growing business in Stoke On Trent, that can mean annual accounts that are easier to follow and less costly to prepare, while still being filed in the required way. It is worth remembering that choosing the micro-entities regime is a decision that should suit the company’s size, structure and plans — which is exactly the kind of thing worth discussing before the accounts are drawn up.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that both qualify for the micro-entities regime and choose to apply it. Qualifying is a two-stage idea: the company has to meet the regime’s size conditions, and it must also fall outside the relevant exclusions. For accounting periods beginning on or after 6 April 2025, the size conditions generally require a company to meet at least 2 of 3 applicable thresholds — 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. It is important not to treat those figures as the whole story. Eligibility depends on the applicable rules and any exclusions that may apply, which means meeting the size thresholds does not automatically guarantee that a company can, or should, use FRS 105. Some companies are excluded from the micro-entities regime regardless of their size, and others may qualify but prefer a different reporting framework for commercial or financing reasons. For businesses in Stoke On Trent, the practical approach is to look at the company’s structure, activity, ownership and reporting needs alongside the size conditions, then decide whether FRS 105 Micro Entity Accounts are the appropriate route for the year in question.

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 properly starts with your financial records. From bookkeeping data, bank information, invoices, expense records and any relevant supporting documents, the accounts can be built up in line with FRS 105 and the applicable reporting requirements. That process involves deciding how items are recognised and measured, drafting the financial statements and notes, and making sure the figures are internally consistent. Company accounts filing at Companies House is a separate step from Corporation Tax, and the two should not be confused: the FRS 105 accounts are the financial statements prepared under the micro-entities regime, while a Corporation Tax Return (CT600) is a separate filing submitted to HMRC. A well-organised approach keeps those obligations clearly distinguished, so you know what is being prepared, what is being submitted, and where each document is going. Where judgement is needed — for example, on a particular transaction or a change in circumstances — the position can be considered on its own facts, based on the information available at the time.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Stoke On Trent

If you would like support with FRS 105 Micro Entity Accounts, the next step is a straightforward conversation about your company and what it needs. Tell us about your trading activity, your financial records, your accounting period and how your company is structured, and whether you have previously filed under the micro-entities regime or another framework. That information allows your circumstances to be assessed properly, so the right questions can be asked before any work begins. Whether you are a new limited company weighing up your options, an established business in Stoke On Trent looking for a clearer route through annual accounts, or a director who simply wants the figures handled carefully and explained in plain English, get in touch to discuss your requirements.

─── 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 the rules for preparing annual financial statements under the micro-entities regime, covering how items are recognised and measured and which disclosures are required. It is a separate standard from FRS 102, which is used by many larger small companies, and it is intentionally simpler in its requirements.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is not automatic — the company needs to meet the relevant size conditions and must not fall foul of the exclusions that apply to the regime. Meeting the size criteria alone does not always guarantee eligibility, so the company's specific circumstances should be considered.

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 are size conditions only — other rules and exclusions apply, and qualifying for the regime is not the same as being required to use it.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A company that qualifies can choose whether to apply it or to prepare its accounts under another framework such as FRS 102. FRS 105 applies when the micro-entities regime is the chosen route.

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, with a narrower set of recognition, measurement and disclosure requirements. FRS 102 is used by many small and medium-sized companies and involves more detailed accounting treatments and disclosures. The right choice depends on whether the company qualifies for the micro-entities regime and what its reporting needs are.

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

Where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts are generally the financial statements that are filed at Companies House, subject to the filing requirements that apply to the company. Filing accounts is a separate obligation from filing a Corporation Tax Return. The accounts are one submission; the CT600 is a separate one sent to HMRC.

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

Yes. FRS 105 Micro Entity Accounts concern the accounting and financial reporting framework for qualifying micro-entities and produce the annual financial statements. A Corporation Tax Return, known as a CT600, is a separate filing submitted to HMRC to report the company's taxable position. The two are related in that they draw on the same underlying financial information, but they are distinct documents and distinct submissions.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. A first accounting period can raise practical questions, such as how the period is treated for reporting purposes, so it is worth reviewing the company's circumstances and its expected activity before deciding on the framework.