─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Storrington

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. For companies in Storrington and the surrounding area, professionally prepared FRS 105 Micro Entity Accounts are designed to support clear, consistent financial statements based on the company’s records and applicable reporting requirements. Preparation should reflect your company’s circumstances, including its size, activities and filing obligations, and it should never be assumed that every small company automatically qualifies. The starting point is to assess eligibility, confirm the accounting framework that applies, and then prepare the accounts in a way that supports both your internal understanding and the required company filings.

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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 Micro Entity Accounts Explained for Storrington Companies

FRS 105 is the UK accounting standard used when a qualifying company chooses the micro-entities regime. In simple terms, it is a simplified financial reporting framework for very small companies: it allows eligible micro-entities to prepare accounts with reduced disclosure and simpler measurement requirements compared with larger-company accounting frameworks. The micro-entities regime is optional for companies that qualify, so FRS 105 applies when that regime is chosen. FRS 105 Micro Entity Accounts in Storrington typically include the financial statements needed to show the company’s position and performance for the period, and they sit alongside, rather than instead of, separate tax and confirmation filings. A professional review of your circumstances helps confirm whether the regime is suitable and how the accounts should be prepared.

Who Can Use FRS 105 in the UK? FRS 105 Micro Entity Accounts for Storrington Companies

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not automatically mean a company can or should use FRS 105. For Storrington companies considering FRS 105 Micro Entity Accounts, it is important to review the company’s specific position, activities, ownership and reporting obligations before deciding on the framework.

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 Storrington

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and prepared with reference to the applicable reporting requirements. This usually means collating bookkeeping, bank and expense records, reviewing assets and liabilities, and producing financial statements that reflect the company’s transactions for the period. The accounts preparation process is separate from Corporation Tax: FRS 105 accounts support the financial reporting side and any Companies House filing, while a CT600 is a separate Corporation Tax Return submitted to HMRC. Professional preparation can help you present information accurately and consistently, but it does not guarantee acceptance by any authority or remove your responsibility to ensure filings are correct and submitted on time.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Storrington

If you need support with FRS 105 Micro Entity Accounts in Storrington, the next step is to discuss your requirements. We can review your company’s circumstances, confirm the information needed, and explain how the accounts preparation process works. Useful details to have available include your latest financial records, details of income and expenses, asset and liability information, and any relevant correspondence about your filing obligations. Whether you are preparing accounts for the first time or reviewing how your current accounts are handled, a clear conversation helps establish the right approach for your company.

─── 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 as micro-entities and choose to apply the micro-entities regime. It provides a simplified basis for preparing financial statements, with reduced disclosure requirements compared with accounting frameworks used by larger companies. FRS 105 Micro Entity Accounts are accounts prepared under that standard, not a tax return. The regime is optional, so a qualifying company can choose whether to use it.

Who can use FRS 105?

FRS 105 is available to 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, 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 guarantee eligibility. Professional advice can help confirm your position.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an automatic requirement. If a company qualifies and chooses to apply it, FRS 105 applies to the accounts. A qualifying company may instead use another suitable framework, such as FRS 102, depending on its circumstances and reporting needs. The choice should be considered carefully.

What is the difference between FRS 105 and FRS 102?

FRS 105 is designed specifically for micro-entities and is simpler, with reduced disclosures and simpler measurement requirements. FRS 102 is a broader UK accounting framework used by many companies that do not apply the micro-entities regime or that need a more detailed reporting basis. The right framework depends on eligibility, size, ownership, activities and any other applicable rules. It is not simply a matter of preference.

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

Companies that prepare accounts under FRS 105 generally need to consider their annual accounts filing obligations with Companies House, subject to any exemptions or specific rules that apply. FRS 105 Micro Entity Accounts are financial statements prepared under the accounting framework; filing them is separate from submitting a Corporation Tax Return to HMRC. Because filing requirements can vary, it is important to check the current rules for your company and accounting period.

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

Yes. FRS 105 Micro Entity Accounts are accounting and financial reporting documents prepared under FRS 105. A CT600 is a separate Corporation Tax Return submitted to HMRC. The figures in the accounts often help inform the tax return, but the two are different filings with different purposes and requirements. Preparing the accounts does not in itself submit the CT600 or settle any Corporation Tax liability.

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. Eligibility still depends on the applicable size conditions and any other rules or exclusions. A company in its first accounting period may have particular considerations, so it is worth checking the position early. FRS 105 is not automatic simply because a company is new or small.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, an accountant typically needs complete financial records for the period. This may include bank statements, sales invoices, purchase receipts, expense records, payroll information if relevant, details of assets and liabilities, and any previous accounts or filings. The exact information depends on the company's activities and circumstances. Having clear records helps the accounts be prepared efficiently and accurately.