─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Strathaven

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. If your company is based in Strathaven and you are looking for straightforward, proportionate financial statements, FRS 105 can offer a simplified approach to reporting. Whether you are a sole director running a small trading company, a consultant working from home, or a local business with a handful of employees, the accounts still need to be prepared accurately and consistently with the framework you have chosen. Professional preparation helps ensure your figures are pulled together correctly from your records, that the disclosures required under FRS 105 are appropriate to your circumstances, and that the resulting financial statements are presented in a way that makes sense for a micro-entity. It also helps you keep the accounts themselves clearly separated in your mind from your other obligations, such as your Corporation Tax Return and your Confirmation Statement. Eligibility is not automatic, so it is always worth checking your position before assuming FRS 105 applies to your company.

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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 Framework Behind Micro-Entity Accounts

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it is a stripped-back set of accounting rules for the smallest companies, allowing them to prepare financial statements with far less disclosure than larger reporting frameworks require. A qualifying company can choose to apply the micro-entities regime, and when that choice is made, FRS 105 is the standard used to prepare the accounts. That means the balance sheet, and the notes that accompany it, are prepared on a simpler basis, with figures generally kept at the amounts recognised rather than reworked through complex fair value adjustments. For a small company in Strathaven, the practical appeal is proportionality: the accounts reflect the size and complexity of the business rather than burying a modest operation under disclosures meant for much larger entities. It is important to remember that FRS 105 is an available regime rather than a default one, that not every small company qualifies, and that the framework governs the accounts themselves rather than your tax return or your confirmation filing.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that 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. Meeting the size conditions, however, is not the whole picture. Other eligibility rules and exclusions can apply, certain entity types are not able to use the regime at all, and the position is assessed by reference to the relevant accounting period. That means you should not assume that a small company automatically qualifies, or that qualifying automatically means you must use FRS 105 — the regime is available rather than compulsory. For a company in Strathaven, the practical exercise is to look at your figures for the period in question, consider whether any exclusions are relevant, and then decide whether the micro-entities regime is the right fit for your reporting. Where you are unsure, it is worth taking a view before you start preparing the accounts rather than after.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records — bank statements, sales and purchase information, payroll details, asset purchases, director’s loan movements and any other transactions that affect the company’s position. From those records we build a balance sheet and supporting notes that reflect the reporting requirements applicable to a micro-entity, using the recognition and measurement approach set out in FRS 105. Because the micro-entities regime carries reduced disclosure, some of the judgements are about what is genuinely required for your company rather than simply copying a template. Once the financial statements are finalised, filing them with Companies House is a separate step from your Corporation Tax obligations. A CT600 is a Corporation Tax Return submitted to HMRC and is not the same document as your statutory accounts, even though the figures in each should be consistent. Keeping these two workstreams clearly distinguished helps avoid confusion and reduces the risk of information being presented in the wrong place, or of one deadline being mistaken for another.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Strathaven

If you would like support with FRS 105 Micro Entity Accounts for your Strathaven company, the best place to start is a straightforward conversation about your circumstances. Tell us about your company’s activities, how long you have been trading, roughly what your turnover and balance sheet look like, and how many people you employ, so we can consider whether the micro-entities regime is likely to be available to you. It also helps to have your records to hand — bank statements, invoices, payroll information, details of any assets or loans, and your previous year’s accounts if there are any. From there we can explain what is involved, outline clear and transparent pricing options, and set out what you will need to provide. We can also talk through how your accounts relate to your other filing requirements, so you have a clear picture of everything on your plate rather than viewing each obligation in isolation.

─── 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 that applies to companies using the micro-entities regime. It sets out how the smallest qualifying companies prepare their financial statements, with a simplified recognition and measurement basis and significantly reduced disclosure compared with fuller standards. It governs the accounts themselves, not your tax return or your confirmation filing.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and choose to apply it. Qualification depends on meeting the applicable size conditions and on not falling within any of the relevant exclusions — for example, certain types of entity are not eligible regardless of size. Meeting the size tests alone does not automatically mean a company must or can use FRS 105, so eligibility should be checked against your specific circumstances.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it and therefore prepare FRS 105 accounts, or it may choose to report under a different framework such as FRS 102. The decision is normally made with reference to the company's size, its activities, and the needs of its users, and it is worth reviewing periodically as circumstances change.

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. Other eligibility rules and exclusions also apply, and thresholds have changed over time, so it is important to test your position against the rules in force for your particular accounting period rather than relying on older figures.

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 and is deliberately minimal, with a simpler measurement basis and very limited disclosures. FRS 102 is a fuller framework used by a much wider range of companies and requires considerably more disclosure and, in some areas, more complex accounting treatment. Choosing between them depends on eligibility and on what the company and its users need from the accounts.

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

Statutory accounts prepared under FRS 105 are generally filed with Companies House in the same way as accounts prepared under other frameworks, subject to the filing requirements that apply to your company. The micro-entities regime simplifies how the accounts are prepared and what they disclose, but it does not remove the filing obligation itself. Filing the accounts is a separate exercise from submitting a Corporation Tax Return to HMRC.

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

Yes. Your FRS 105 accounts are the statutory financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC to report your company's taxable profits and calculate the tax due. They draw on the same underlying records and should be consistent with one another, but they are distinct documents with distinct purposes and separate submission routes.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bank statements, sales and purchase records, payroll information for any employees or directors, details of assets purchased or disposed of, loan and director's loan account movements, and any stock or work in progress at the period end. Your previous year's accounts are also helpful for opening balances and comparatives. Where records are incomplete or mixed with personal spending, some tidying up may be needed before the figures can be finalised.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime if it qualifies for it and chooses to apply it — new companies are not excluded simply because they are new. However, eligibility still depends on the size conditions for the relevant accounting period and on the applicable rules and exclusions, and in a first period some of those tests can be less straightforward to assess. It is worth reviewing the position before preparing the first set of accounts.

Are there changes coming to micro-entity accounts filing?

The rules and thresholds around company size and accounts filing do change from time to time, and the micro-entity thresholds themselves were updated for accounting periods beginning on or after 6 April 2025. Because the framework evolves, it is sensible to confirm the requirements in force for your specific accounting period rather than assuming that whatever applied last time still applies now. We can talk you through the position for your company.