─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stourbridge

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying UK companies that choose to apply the micro-entities regime, and they are widely used by owner-managed businesses across Stourbridge and the wider West Midlands. If your company is eligible, FRS 105 allows you to prepare simpler financial statements with reduced disclosure requirements, which can make the year-end process more straightforward and easier to follow. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together accurately from your financial records, reflect your company’s actual circumstances, and are presented in line with the applicable reporting requirements — so you can be confident the figures you file and share with shareholders are clear, consistent and properly supported.

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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: The Micro-Entities Accounting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside other UK accounting standards and is designed to be simpler than the frameworks used by larger companies, with fewer disclosure notes and a more straightforward approach to measuring assets, liabilities, income and expenses. The important point is this: it is the micro-entities regime that determines whether a company may use FRS 105, and FRS 105 applies when a qualifying company chooses to apply that regime. In plain terms, a company that qualifies can opt to prepare its annual financial statements under FRS 105 rather than a fuller framework such as FRS 102. The resulting FRS 105 Micro Entity Accounts typically show a simplified balance sheet, limited notes and a profit and loss position, and they form the basis of the accounts the company prepares for its members and, where required, files at Companies House. Choosing a simpler framework does not mean the accounts are prepared loosely — they still need to be accurate, prepared from proper records and consistent with the rules of the regime.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Eligibility is not simply a matter of being small: 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 — for accounting periods beginning on or after 6 April 2025, and those figures are subject to the relevant rules. Just as importantly, other eligibility rules and exclusions can apply. Certain types of company are not permitted to use the micro-entities regime whatever their size, and there are additional considerations for companies in groups, for companies with particular kinds of activity, and for newly incorporated companies assessing their first accounting period. Meeting the size conditions therefore does not automatically guarantee that your company can use FRS 105. The practical approach for a business in Stourbridge is to review your actual position — your figures, your company structure and what the accounts are used for — and confirm whether the regime is available and sensible before the accounts are prepared.

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 for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with the company’s own financial records — bookkeeping, invoices, bank transactions, payroll information and any asset or loan details — and turns them into a set of financial statements that reflects the reporting requirements of the micro-entities regime. Working with an experienced accountant helps with the practical detail: recognising what belongs in the accounts for the period, applying the measurement approach that FRS 105 requires, drafting the limited notes that micro-entity accounts need, and presenting a balance sheet and profit and loss position that makes sense for a small company. It is also worth being clear about the different filing strands. The preparation of the financial statements, and the filing of those accounts with Companies House where the company is required to file, sit separately from the company’s Corporation Tax obligations, which are dealt with through a Company Tax Return (CT600) submitted to HMRC. Because they are distinct processes, with different deadlines, formats and information needs, handling them side by side but not interchangeably is important. Professional support means your accounts are prepared on a considered basis and you understand what is being filed, where and why.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Stourbridge

If you would like help with your FRS 105 Micro Entity Accounts in Stourbridge, the best next step is a straightforward conversation about your company and what it needs. Tell us about your trading activity, your accounting period, who currently keeps the records, and whether you are also looking for support with your Corporation Tax Return (CT600) or your Confirmation Statement. With that information we can assess your circumstances, explain whether the micro-entities regime and FRS 105 look appropriate for your company, and set out clear, transparent options for preparing your accounts — including fixed-fee arrangements where they suit. There is no need to work out the framework on your own; get in touch and we will help you take the next step.

─── 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 apply the micro-entities regime prepares its annual financial statements. Compared with fuller frameworks, it involves fewer disclosure notes and a simpler measurement approach, which is why it is popular with very small, owner-managed companies. FRS 105 deals with the accounting and reporting framework only — it is not a tax return and it does not replace your company's other filing obligations.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not automatic: a company needs to satisfy the applicable size conditions and must not be excluded by the relevant rules. Some company types and circumstances make the regime unavailable regardless of size. Because eligibility depends on your specific company, it is worth checking the position before assuming FRS 105 is the right framework for you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies for it can choose to apply the regime and prepare its accounts under FRS 105, but it may instead use a fuller framework such as FRS 102 if that better suits its circumstances — for example where the company wants to present more detail, has more complex transactions, or has a lender or investor that expects a fuller set of accounts.

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: 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 conditions is part of the picture rather than the whole answer, because other rules and exclusions can apply — certain companies cannot use the regime at all, and there are additional considerations for groups and for newly incorporated companies.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK accounting standard used by most small and medium-sized companies. FRS 105 is the separate, more streamlined standard for micro-entities. In practice, FRS 105 involves fewer accounting policy choices and far fewer disclosure notes, and it generally works on a simpler measurement basis, whereas FRS 102 offers more options and requires more information in the notes. The choice between them depends on whether your company qualifies for the micro-entities regime and whether a simpler or fuller presentation suits your needs.

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

Where a company is required to file annual accounts, those accounts — prepared under whichever framework applies, including FRS 105 — are the accounts that go to Companies House. The micro-entity framework affects how the accounts are prepared and what they contain, not whether a filing obligation exists. Filing your accounts is a separate exercise from your Corporation Tax Return, even though both are usually prepared from the same underlying records.

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

Yes, they are separate things. FRS 105 Micro Entity Accounts are financial statements prepared under an accounting framework, while a CT600 is a Company Tax Return submitted to HMRC to report the company's taxable profit and tax position. The accounts often provide the starting point for the tax return, but the tax computation adjusts for items that are treated differently for tax, and the two are filed with different organisations. Looking after them together can help keep the figures consistent.

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

Useful starting points include your bookkeeping records or a trial balance for the period, bank statements, sales and purchase records, payroll information if you employ staff, details of any loans, and a list of assets such as equipment or vehicles with their purchase dates and costs. It also helps to know your company's accounting period dates, whether anything significant changed during the year, and whether you also need a CT600, a Confirmation Statement or both. If your records are incomplete, that is still a workable starting point — we can talk through what is missing.