─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stratford

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you will use. FRS 105 is the standard designed for the smallest companies, allowing a simplified balance sheet and profit and loss account with far less disclosure than larger reporting frameworks require. In Stratford, businesses often find that the practical challenge is not the framework itself but applying it correctly — getting the figures right, presenting the accounts in the required format, and making sure the disclosures reflect the company’s actual circumstances. Professional preparation can help here. It means your FRS 105 Micro Entity Accounts are built up from your bookkeeping and financial records, reviewed against the applicable reporting requirements, and prepared consistently from one period to the next. It also helps to separate the accounts themselves from the other filings a company has, such as the Corporation Tax Return (CT600) and the Confirmation Statement, which are distinct obligations with their own rules and deadlines.

🔥 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that sits at the very smallest end of the accounting framework. It is closely tied to the micro-entities regime, a set of rules that gives qualifying companies a simpler way to prepare their annual financial statements. Put plainly: if a company qualifies for the micro-entities regime and decides to use it, FRS 105 applies to how those financial statements are drawn up. In practice, that means a shorter, more streamlined set of accounts. The balance sheet and profit and loss account are prepared in a prescribed format, and the level of disclosure is significantly reduced compared with fuller frameworks — often described as FRS 105 accounts or FRS 105 financial statements. What it does not mean is that the accounts are optional or informal. They still need to reflect the company’s real financial position and performance accurately, based on proper records. It is also worth being clear that the micro-entities regime is a choice available to qualifying companies, not an automatic label. Some companies meet the size conditions but still cannot use it, and others choose a different framework. For businesses in Stratford, understanding whether FRS 105 Micro Entity Accounts are the right route is usually the first conversation worth having.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it when preparing their annual financial statements. Qualification is based on size. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable 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. Those conditions are not the whole story, however. Certain companies are excluded from the micro-entities regime regardless of size — for example, where the company’s activities or structure fall outside the rules — and there can be additional considerations around group structures, the type of entity and whether the accounts are being prepared on a consolidated basis. That is why meeting the size thresholds alone should never be treated as automatic confirmation of eligibility. For companies in Stratford considering FRS 105 Micro Entity Accounts, the sensible approach is to review the company’s specific position against the applicable rules, confirm whether the micro-entities regime is available and appropriate, and then prepare the accounts accordingly.

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 the company’s own financial records — bank transactions, sales and purchase records, payroll information, asset purchases and any financing arrangements. Those records are then organised into a set of financial statements prepared in line with FRS 105 and the underlying requirements that apply to the micro-entities regime. A professional approach means working through the detail: confirming the figures agree to the records, applying the correct presentation for the balance sheet and profit and loss account, checking that the disclosures made are appropriate for the company’s circumstances, and preparing comparative figures for the prior period. It also means being clear about what each filing is for. The FRS 105 financial statements are prepared for the company and, where required, filed with Companies House as part of the company’s annual accounts. Corporation Tax is a separate matter, dealt with through a Company Tax Return (CT600) submitted to HMRC, with figures that are derived from the accounts but adjusted for tax purposes. The Confirmation Statement is separate again. Keeping these obligations distinct helps avoid confusion, missed steps and unnecessary rework further down the line.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Stratford

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, switching from another reporting framework, or simply want your annual accounts handled accurately and on time, it is worth talking through your position. Share a little about your company — its structure, what it does, and the records you keep — along with your previous accounts if you have them. That gives a clear picture of whether the micro-entities regime is open to you and how your FRS 105 financial statements should be put together. From there, you can ask the questions that matter to you, understand what is involved, and decide how you would like 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 for companies that qualify for, and choose to apply, the micro-entities regime. It is the most simplified of the UK accounting frameworks, allowing a prescribed balance sheet and profit and loss account format with a much lower level of disclosure than other standards. It applies when the micro-entities regime is used, not as a general default for all small companies.

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 meets the size conditions may still be excluded from it for other reasons, and even where it qualifies, the company can choose a different framework such as FRS 102. FRS 105 applies only when the micro-entities regime is actually adopted for that 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 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 these conditions does not automatically guarantee eligibility, because other rules and exclusions can apply depending on the company's circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is designed for qualifying micro-entities, with a shorter prescribed format and minimal disclosure. FRS 102 is the wider standard used by many small and medium-sized companies and requires fuller disclosures, more detailed accounting treatments and, in some cases, accounting judgements that FRS 105 does not call for.

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

Where a company is required to file annual accounts, the FRS 105 financial statements form the basis of that filing, prepared in the format and with the disclosures the framework requires. Filing obligations depend on the company's circumstances and any exemptions that apply. Companies House does not approve or endorse accounts in advance — they are filed as the company's statutory accounts.

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

Yes, they are separate obligations. The FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime. The CT600 is a Corporation Tax Return submitted to HMRC, which starts from the accounts figures but applies tax adjustments, reliefs and allowances before arriving at the taxable profit. Filing accounts does not satisfy the Corporation Tax obligation, and vice versa.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it in its first accounting period. In practice, the first set of accounts often covers a shorter period, which affects how the size conditions are assessed against the applicable rules. It is worth confirming eligibility before assuming the regime applies.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, payroll details, details of any assets purchased or disposed of, loan and finance agreements, and the previous year's accounts if there is one. Anything that affects the company's financial position — from stock to amounts owed and owing — is relevant.

What changes are coming to micro-entity accounts filing?

UK company filing requirements are being reformed, with a move towards filing accounts digitally, using software, and providing more detail at the point of filing. Because these changes are being phased in and the detail matters, it is sensible to check the current position for your accounting period rather than relying on older guidance. The underlying FRS 105 framework and the micro-entities regime remain the basis for how qualifying companies prepare their financial statements.