─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stretton

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK which choose to apply the micro-entities regime. If your company is based in Stretton and meets the relevant size conditions, FRS 105 can offer a simpler, more streamlined basis for preparing your annual financial statements — typically with less disclosure than larger reporting frameworks require. Because eligibility depends on the specific circumstances of your company, including its turnover, balance sheet total, employee numbers and any applicable exclusions, the sensible starting point is a conversation about your position. Professional preparation helps ensure your FRS 105 accounts reflect your actual financial records, are presented consistently with the framework you have chosen, and are ready for the Companies House filing obligations that go with them. This is separate from your Corporation Tax Return (CT600), which is a distinct filing submitted to HMRC.

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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 Reporting Framework

FRS 105 is the financial reporting standard in the UK that sets out how qualifying micro-entities prepare their annual accounts when they choose to apply the micro-entities regime. In plain terms, it is a simplified accounting framework: it is designed to keep the financial statements straightforward, with a shorter set of disclosures than frameworks such as FRS 102, while still producing a balance sheet, a profit and loss account and supporting notes where required. The key point is that FRS 105 is not something a company is automatically placed into — it is an available regime, and it applies when a qualifying company chooses to use it. It is also worth being clear about what FRS 105 is not: it has nothing to do with your Corporation Tax Return (CT600), your Confirmation Statement or your VAT returns. Those are separate filings with separate purposes. FRS 105 concerns the accounting and financial reporting of the company’s results and position, and the accounts prepared under it may also need to be filed at Companies House. For directors in Stretton weighing up how to present their company’s numbers, FRS 105 Micro Entity Accounts can be an efficient route — provided the company actually qualifies and the regime genuinely suits its circumstances.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies in the UK that qualify for the micro-entities regime and decide 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. Importantly, those size tests are not the whole story. Other eligibility rules and exclusions can apply — for example, certain types of entity are not permitted to use the micro-entities regime — so meeting the thresholds does not automatically mean a company qualifies, and qualification does not mean FRS 105 must be used. If your company is in Stretton and you are weighing up whether FRS 105 Micro Entity Accounts are the right approach, it is worth reviewing both your numbers and your company’s structure and status before deciding. A short conversation is usually enough to establish whether the micro-entities regime is likely to be available to you and whether it genuinely suits how you want your accounts presented.

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 means working from the company’s underlying financial records — bank transactions, sales and purchase information, payroll data, asset and liability positions, and any relevant supporting documentation — and presenting them in line with the applicable reporting requirements for the micro-entities regime. A professionally prepared set of FRS 105 accounts should give a clear, accurate picture of your company’s position at the accounting date, and should be internally consistent with what you have already reported elsewhere. It also helps to keep the two distinct strands of compliance separate in your mind: the preparation of the financial statements and the subsequent filing of those accounts at Companies House is one exercise, while your Corporation Tax Return (CT600) is a separate submission to HMRC, even though the figures will obviously relate to one another. Good preparation work means fewer surprises, fewer queries, and a cleaner audit trail if you are ever asked to explain your figures. We do not claim guaranteed compliance, guaranteed acceptance by any body, or any form of regulatory approval — what we can do is apply care, accuracy and consistency to the preparation of your FRS 105 Micro Entity Accounts in Stretton.

ICAEW

ACCA

AAT

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

Whether you are unsure whether your company qualifies for the micro-entities regime, you have already decided to apply FRS 105, or you simply want your accounts prepared accurately and on time, the next step is a conversation. Tell us about your company — its activities, your accounting period, your approximate turnover and balance sheet position, and how many people you employ — and we can assess how your circumstances fit the FRS 105 Micro Entity Accounts framework. It also helps to have your bookkeeping records, bank statements and any previous accounts to hand, as these give us the clearest possible starting point. If you would like to discuss your FRS 105 Micro Entity Accounts requirements with someone who understands both the reporting framework and the separate Corporation Tax and Companies House filing obligations that sit alongside it, get in touch and we will take it from there.

─── 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 qualifying micro-entities which choose to use the micro-entities regime. It is a simplified framework, allowing shorter financial statements and fewer disclosures than frameworks such as FRS 102, while still producing a balance sheet, a profit and loss account and any required notes.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Meeting the size conditions is one part of the picture, but other eligibility rules and exclusions can also apply, so qualification is not automatic simply because a company is small. It is worth checking your specific position before assuming FRS 105 is available to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A qualifying company can choose to apply it, in which case FRS 105 governs how the accounts are prepared, or it can report under a different framework such as FRS 102. The choice is the company's, and it should be made with the company's circumstances and the needs of its users in mind.

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. These conditions sit alongside other rules and exclusions, so satisfying the size tests on their own does not guarantee that a company qualifies.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities framework and is deliberately more streamlined, typically requiring fewer disclosures and simpler presentation. FRS 102 is the broader UK financial reporting standard used by a much wider range of companies, including small companies that do not qualify for — or choose not to use — the micro-entities regime. Which framework is appropriate depends on your company's eligibility and how you want your accounts presented.

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

Accounts prepared under FRS 105 are still company accounts, so the usual filing obligations can apply, including delivery to Companies House. The filing requirements depend on your company's circumstances and any exemptions that apply, and this is entirely separate from your Corporation Tax Return (CT600), which is submitted to HMRC.

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

Yes, they are two distinct exercises. FRS 105 governs the accounting and financial reporting framework used to prepare your statutory accounts. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable position. The figures in each will usually relate to one another, but they serve different purposes and are filed with different bodies.

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

Typically we would look for your bookkeeping records or a full transaction listing for the period, bank and credit card statements, sales and purchase documentation, payroll information, details of any assets and liabilities, and a copy of the previous year's accounts if available. The clearer and more complete the records, the more straightforward the preparation of your FRS 105 Micro Entity Accounts will be.