─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Sunningdale

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK companies which choose to use the micro-entities regime. If your company is based in Sunningdale and meets the relevant criteria, FRS 105 can offer a simpler, more streamlined way to present your financial statements than the fuller frameworks used by larger businesses. Professional preparation helps ensure the accounts reflect your actual financial records, follow the recognition and measurement rules of FRS 105, and are presented in a format appropriate to a micro-entity, including the reduced disclosure requirements that come with the regime. It also means the figures you use for the accounts and those you rely on elsewhere are consistent and properly supported. Eligibility is not automatic, so it is worth reviewing your turnover, balance sheet total and employee numbers, along with any exclusions that may apply, before deciding whether FRS 105 is the right framework for your Sunningdale 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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 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 for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits within the wider micro-entities regime, which is a set of simplified accounting and reporting rules that qualifying companies may choose to adopt. In plain terms, FRS 105 strips financial statements back to the essentials: a simple balance sheet, a simple profit and loss account, and limited notes. There is no requirement to revalue assets or recognise certain complex items in the way larger frameworks do, and the disclosures are deliberately reduced to keep reporting proportionate to a small business. It is important to understand that the micro-entities regime is a choice, not a default. A company must first qualify under the size criteria and any relevant exclusions, and FRS 105 then applies when that regime is the one selected. For a Sunningdale-based company weighing up its options, FRS 105 is often attractive because it keeps the reporting burden light while still producing accounts that meet the required standard for a micro-entity.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and actively choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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 those size conditions is the starting point rather than the whole answer, because the regime also carries its own rules and exclusions, and certain types of company are not able to use it. Eligibility can also change from one period to the next as a business grows or its balance sheet shifts, which is why it is worth reviewing the position each year rather than assuming the same framework applies indefinitely. If your Sunningdale company looks as though it may fall within the micro-entities regime, the next step is to confirm that properly and then decide whether FRS 105 is the right choice for the financial statements you need.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records — bookkeeping, invoices, bank transactions, payroll information and any asset or liability details. From there, the accounts are built in line with the applicable reporting requirements for the micro-entities regime, so the balance sheet and profit and loss account are presented on the correct basis and the limited notes required are included. It is helpful to keep two distinct threads in mind. First, the financial statements themselves, and where relevant their filing at Companies House. Second, your Corporation Tax obligations, which are dealt with separately through a Company Tax Return (CT600) submitted to HMRC. The figures in your FRS 105 accounts often inform that return, but the two are not the same thing and have different deadlines and purposes. Working with an accountant on your Sunningdale company’s FRS 105 Micro Entity Accounts helps make sure the numbers are internally consistent, supported by your records, and presented in a way that reflects your circumstances rather than a generic template.

ICAEW

ACCA

AAT

Need Help with Your FRS 105 Micro Entity Accounts in Sunningdale?

If you are considering FRS 105 Micro Entity Accounts for your Sunningdale company, the sensible first step is a straightforward conversation about your circumstances. We can look at your turnover, balance sheet total and employee numbers, consider whether the micro-entities regime is available to you, and explain how FRS 105 would apply to your financial statements. To assess your position properly, it helps to have your latest accounts or draft figures, a summary of your income and expenses, details of any assets and liabilities, and information on how your company is structured and what it does. From there, you will get a clear picture of the options open to you and what is needed to move forward, with clear, transparent pricing and no jargon.

─── 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 micro-entities. It sets out a simplified basis for preparing financial statements, with a simple balance sheet, a simple profit and loss account, and reduced disclosures. It exists so that very small companies can report in a way that is proportionate to their size, rather than following the fuller requirements that apply to larger businesses.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not simply a matter of being small in everyday terms — the company must meet the relevant size conditions and must not fall foul of any of the exclusions that apply to the regime. Eligibility should be checked against the rules for the specific accounting period in question.

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 qualifies may choose to use it and therefore apply FRS 105, or it may instead apply a fuller framework such as FRS 102. The decision often comes down to what the company wants from its accounts, whether it needs a more detailed presentation, and any requirements imposed by lenders, investors or other parties.

What are the 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 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 are size tests rather than a complete answer on their own — other rules and exclusions can affect whether the regime is actually available, so eligibility should always be confirmed for your circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard and offers the most simplified presentation and the fewest disclosures. FRS 102 is a fuller framework used by small and larger entities, with more detailed recognition, measurement and disclosure requirements. Choosing between them affects how much detail appears in your accounts and how certain items are treated.

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

Where accounts are prepared under FRS 105 and the company is required to file accounts, those financial statements are what get delivered to Companies House, subject to the filing requirements and any available exemptions that apply to the company. Filing accounts is a separate obligation from dealing with Corporation Tax, even though both draw on the same underlying figures.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities accounting framework. A CT600 is a Corporation Tax filing made to HMRC to report the company's taxable profits and calculate the tax due. They serve different purposes, go to different bodies, and have their own requirements, although the accounts usually provide the starting point for the tax figures.

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 practice, a first accounting period may be shorter or longer than a year, and the size conditions need to be considered in light of the rules that apply. It is worth checking eligibility early so your first set of accounts is prepared on the right basis from the start.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records, bank statements, sales and purchase information, payroll details, and any records of assets, liabilities, loans or director balances. Details of share capital and any changes during the period are also relevant. Accurate, complete records make it far easier to prepare accounts that properly reflect your company's position.

What changes are coming to micro-entity accounts filing?

The rules around company accounts and filing have been under review, and changes are being introduced over time, including a move towards filing accounts in a digital, tagged format. Because the detail and timing of these changes matter, the most reliable approach is to confirm the current position for your accounting period rather than relying on older guidance.