─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Strathpeffer

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company is based in or around Strathpeffer and you are considering FRS 105 Micro Entity Accounts, professional preparation can help you apply the framework consistently to your own circumstances — reflecting your bookkeeping, records and transactions in a set of financial statements designed for smaller companies. It is not a case of one size fits all: whether FRS 105 is suitable depends on your company meeting the relevant eligibility conditions and on the regime being an appropriate choice for your reporting needs. Our role is to work through those points with you, prepare the accounts on a sound basis, and explain what the figures mean, so you can file with confidence and keep your records in good order for the year ahead.

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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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the accounting framework that applies when a qualifying company chooses to use the micro-entities regime, allowing it to prepare simpler financial statements than those required under larger-company standards. Under FRS 105, the accounts focus on the essentials — a straightforward balance sheet, a profit and loss account and supporting notes — with fewer of the disclosures and fair value adjustments that other frameworks require. The key point is that FRS 105 is an option, not an automatic label: a company must qualify for the micro-entities regime, and FRS 105 applies when that regime is the one chosen. For a Strathpeffer-based company weighing up FRS 105 Micro Entity Accounts, the practical benefits are simpler reporting, clearer presentation of the numbers that matter, and financial statements that are proportionate to the size of the business.

Who Can Use FRS 105 in the UK?

FRS 105 is for companies that qualify for the UK micro-entities regime and choose to apply it — it is not a framework open to every small company. For accounting periods beginning on or after 6 April 2025, a company will generally need to meet at least 2 of 3 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 necessary but not always sufficient. Other rules and exclusions apply to the micro-entities regime, and some types of company cannot use it at all, so eligibility should be checked properly against the rules for the relevant accounting period rather than assumed from turnover alone. For a business in Strathpeffer considering FRS 105 Micro Entity Accounts, the practical sequence is straightforward: confirm whether the company qualifies, consider whether the micro-entities regime suits how you need to report, and then prepare the accounts on that basis.

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

Well-prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank information, invoices, expense details and any other supporting documents to build a set of micro-entity financial statements that reflects your company’s transactions and position for the period. The accounts are prepared with reference to FRS 105 and the applicable reporting requirements, and we take the time to explain the figures rather than simply handing over a document. It is worth separating the moving parts: the FRS 105 financial statements themselves, the filing of those accounts with Companies House, and the company’s Corporation Tax position, which is dealt with through a separate CT600 return submitted to HMRC. Each has its own requirements and deadlines, and each is handled on its own terms. What we can do is prepare the accounts carefully, on the basis of the information available, and make sure you understand what is being filed and why.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Strathpeffer

If you would like support with FRS 105 Micro Entity Accounts for your company, get in touch and tell us about your business. Share details of your trading activity, your accounting period, your records and your bookkeeping arrangements — along with anything that may affect whether the micro-entities regime applies to you — and we can review your circumstances and explain how the accounts would be approached. Whether you are preparing micro-entity accounts for the first time, reviewing the framework you currently use, or simply want a clearer picture of your reporting obligations, a straightforward conversation is the best place to start.

─── 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 designed for micro-entities. It sets out a simplified basis for preparing financial statements, with a shorter balance sheet, profit and loss account and note disclosures than the frameworks used by larger companies. It sits alongside the micro-entities regime, which is the legal framework that allows qualifying companies to report in this streamlined way. In practice, FRS 105 accounts are the financial statements produced when a qualifying company chooses that regime.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is not simply a matter of being small — a company must meet the applicable size conditions and must not fall within any of the exclusions that apply to the regime. Certain types of company and entity are outside the micro-entities regime altogether. So the starting point is to check eligibility against the current rules, then consider whether the regime is the right fit for how you want to report.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use FRS 105. The regime is an available option, and FRS 105 is the standard that applies when that option is taken. Some qualifying companies choose to report under a different framework because of their circumstances, such as the way they present particular transactions or the needs of lenders and other users of the accounts. The important point is that applying the micro-entities regime is a choice made for the company, not an automatic outcome.

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 following 3 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 during the period. These are the size conditions, and meeting them is only part of the picture — other rules and exclusions also apply, including restrictions on which types of entity can use the regime. Eligibility should always be assessed against the rules in force for your particular accounting period.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for UK companies and covers a much broader range of entities and transactions, including fair value accounting and a wider set of disclosures. FRS 105 is a far shorter, simplified standard written specifically for micro-entities, and it removes or restricts many of the options and disclosures found in FRS 102. Choosing between them comes down to eligibility and suitability: FRS 105 is available where the company qualifies for and adopts the micro-entities regime, while FRS 102 applies far more widely and may be preferred for other reasons.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts generally form part of the company's annual accounts filing obligations, which are dealt with separately from its tax filings and from the Confirmation Statement. The accounts must be prepared and then submitted through the appropriate Companies House route for the accounting period in question. Filings have their own deadlines and formats, and it is worth planning ahead rather than leaving the accounts and the filing to be sorted out at the same time.

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

Yes. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate what is due. The two are linked in the sense that the accounts usually inform the tax return, but they are separate documents with separate requirements, separate submission routes and separate deadlines. Preparing the accounts does not, by itself, complete your Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

In most cases we need your bookkeeping or accounting records for the period, details of income and expenses, bank and cash information, records of any assets and liabilities, stock or work in progress where relevant, and confirmation of any amounts owed to or by the company — including director's loan balances. It also helps to know your accounting period dates and whether there have been any significant one-off transactions. The clearer and more complete the records, the smoother the preparation process tends to be.

Will micro-entity accounts filing change in future?

Filing arrangements for small and micro-entity companies have been under review, with the aim of moving more information into a digital, tagged format and reducing the amount of detail that has to be filed on the public record. Because the detail and timing of these changes can develop, it is sensible to confirm the current position when your accounts are being prepared rather than relying on older guidance. We can talk you through what the requirements mean for your company's filing.