─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stroud

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime for companies that qualify for it and choose to apply it. For directors in Stroud running a small limited company, FRS 105 offers a simpler, more streamlined reporting framework than the fuller standards, with reduced disclosure and a format built around the smallest businesses. Professional preparation starts with a proper look at your circumstances — your trading activity, your balance sheet, who your shareholders are and whether any exclusions apply — because not every small company is eligible, and eligibility is not automatic. Once that is established, we work from your financial records to prepare FRS 105 Micro Entity Accounts that reflect your position accurately, in the format the regime expects, and we separate the accounts themselves from your other filing obligations such as the Confirmation Statement and your Corporation Tax Return. If you are unsure whether the micro-entities regime is right for your company, that is exactly the kind of question worth talking through before anything is filed.

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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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is a UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out how a very small company should draw up its annual financial statements, and it sits alongside the micro-entities regime — the set of legal rules that allow qualifying companies to file simpler, more abbreviated accounts. The key point is that FRS 105 is not something a company is forced into. Qualifying companies can choose to apply the micro-entities regime, and when they do, FRS 105 is the standard those accounts are prepared under. Compared with FRS 102, FRS 105 is narrower in scope, generally relies on simpler measurement, and requires noticeably fewer disclosures. That can make the annual reporting process lighter for a director who simply wants clear, compliant financial statements without layers of unnecessary detail. If your company does not meet the qualifying conditions, or if applying the regime would not suit your circumstances, a different framework will be the right answer — which is why it is worth checking before you assume.

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. In practice, that means a company whose size sits comfortably within the micro-entity limits and which is not caught by one of the exclusions — for example, entities that are, or are part of, a group that cannot use the regime, or companies that fall into a category the rules do not permit. On the size test, 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. It is important to be clear that satisfying those size conditions on its own does not always guarantee eligibility. Other rules and exclusions can apply, and the position can shift as a company grows or restructures — crossing or approaching a limit, or changing ownership or group structure, are all moments worth reviewing. If your company is based in Stroud and you are weighing up whether FRS 105 Micro Entity Accounts are the right route, we can look at your circumstances and explain where you stand before anything is finalised.

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 means starting from reliable records and applying the reporting requirements that actually apply to your company. We review your bookkeeping, ledgers and supporting documents, consider the judgements and estimates your figures depend on, and prepare financial statements that present your turnover, balance sheet position and any required notes in line with the micro-entities regime. Where relevant, we also handle the Companies House filing of those accounts as a distinct step from your tax position: the accounts and the filing are one thing, and your Corporation Tax Return (CT600) submitted to HMRC is another, with its own computations and its own deadline. Keeping those strands separate matters, because the figures and the rules are not identical. Our role is to prepare and support the reporting so it reflects your circumstances as accurately as possible; we cannot guarantee a particular filing or tax outcome, and nothing we do constitutes approval or endorsement by Companies House or HMRC.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Stroud

Whether you are preparing to file for the first time, moving across from a different reporting framework, or simply want your FRS 105 Micro Entity Accounts handled by someone who works with the micro-entities regime regularly, get in touch and tell us about your company. It helps if you can share a little about your trading activity, your year-end position, your share structure and whether anything unusual happened during the period, along with access to your records. From there we can assess your circumstances, confirm whether FRS 105 looks like the appropriate framework for you, and explain the next steps clearly, with fixed-fee options and transparent pricing so there are no surprises.

─── 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 micro-entities. It governs how the smallest qualifying companies prepare their annual financial statements, with a simplified measurement approach and a much shorter list of required disclosures than larger-company standards. It works hand in hand with the micro-entities regime: a company that qualifies can choose to apply that regime, and FRS 105 is the standard those accounts are then prepared under.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and that choose to apply the micro-entities regime. Meeting the size criteria is the starting point, but it is not the whole picture — certain companies are excluded, and some circumstances mean the regime is not available regardless of size. Eligibility therefore needs to be checked against your specific company rather than assumed from turnover or headcount alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies may choose to apply it and prepare FRS 105 accounts, or it may instead prepare accounts under a different framework such as FRS 102. The choice often comes down to what the directors, lenders or other users of the accounts need to see, so it is worth considering before you settle on an approach.

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. On top of the size conditions, the relevant rules and exclusions still apply, so a company can meet the thresholds and still not be eligible. Both parts need to be considered together.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard for UK companies and covers a wide range of entities, with more detailed recognition, measurement and disclosure requirements — including options such as fair value accounting and revaluation. FRS 105 is far narrower and simpler by design, intended only for qualifying micro-entities, and generally avoids those more complex treatments in favour of a straightforward historical cost approach with minimal disclosures.

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

For a limited company, annual accounts are normally filed at Companies House, and that includes accounts prepared under FRS 105 for a company using the micro-entities regime. The accounts filing is separate from your Confirmation Statement and separate again from your Corporation Tax Return. The accounts show your financial position for the period; the tax return deals with your taxable profit and is submitted to HMRC.

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

Yes, they are two distinct filings. Your FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and, for a limited company, filed at Companies House. The CT600 is a Corporation Tax Return submitted to HMRC, supported by tax computations that start from your accounting figures but then adjust them for tax purposes. The two are related in that they share a starting point, but they are not the same document and do not follow identical rules.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies as a micro-entity and the directors choose to apply the micro-entities regime. In practice, a first accounting period can be straightforward because there may be little trading history to assess, but the eligibility position still needs checking — particularly if the company has already taken on investment, has group relationships, or falls into one of the excluded categories.

What information is needed to prepare FRS 105 accounts?

Generally we need your bookkeeping records or accounting software access, bank statements for the period, details of sales and purchases, payroll and employee numbers if you have staff, a list of assets and any liabilities, loan agreements, and information about share capital and dividends. If anything unusual happened during the year — a major purchase, a director's loan, a one-off transaction — flag it, because that helps us prepare accurate financial statements and assess whether FRS 105 remains the right framework.