─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts for Companies in Sunninghill

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and it is designed to keep statutory financial statements straightforward for very small companies. For a company based in Sunninghill, choosing FRS 105 Micro Entity Accounts can mean simpler measurement requirements and fewer disclosures than other UK accounting frameworks, provided the company meets the eligibility conditions and is not excluded for another reason. Professional preparation helps ensure the accounts are put together appropriately for the company’s own circumstances — reflecting the underlying records accurately, applying the framework consistently from year to year, and presenting the figures and notes in the format expected for a micro-entity. It also helps directors understand what the accounts are actually saying about the business, so decisions about the year ahead are based on figures they can rely on. Because eligibility is not automatic and depends on the company’s size and other rules, it is worth reviewing your position before assuming FRS 105 is the right route.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook a very small company follows when it prepares its annual financial statements, and it is intentionally lighter than the frameworks used by larger businesses. Its connection to the micro-entities regime is direct: the micro-entities regime is a set of company size conditions set out in company law, and when a qualifying company chooses to apply that regime, FRS 105 is the standard it uses to prepare its accounts. That choice usually brings simpler accounting — for example, assets are generally held at cost or a straightforward value rather than being revalued, and the amount of disclosure in the notes is reduced. What does not change is the need for the figures to be accurate and to reflect the company’s real records, because the accounts still have to be prepared properly and approved by the directors. In practice, FRS 105 Micro Entity Accounts give a clear, honest picture of a small company’s position without the detail that larger businesses are required to provide.

Who Can Use FRS 105 Micro Entity Accounts in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, a company will generally need 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 those size conditions, however, is not on its own a guarantee that the regime is available. The relevant rules and exclusions also apply, and some companies are prevented from using the micro-entities regime regardless of how small they are, while certain entities are outside its scope altogether. Eligibility can also change from one period to the next as turnover, balance sheet totals or headcount move, so it is worth reassessing each year. In short, FRS 105 Micro Entity Accounts suit qualifying companies that want a simpler framework — but the qualification test, the exclusions and the choice itself all need to be considered carefully before the accounts are prepared.

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.

Accurate, Professionally Prepared FRS 105 Micro Entity Accounts

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your bookkeeping, bank statements, sales and purchase information, payroll details and any other supporting documents to build a set of financial statements that reflects what actually happened in the period. From there, the figures are presented in line with the requirements that apply to a micro-entity, with the notes and disclosures that the framework calls for. It is worth separating out the different obligations involved: the accounts themselves are prepared under FRS 105 and, where required, filed at Companies House, while a Corporation Tax Return (CT600) is a separate submission made to HMRC and a Confirmation Statement is a further, separate filing. Each has its own content and its own timetable, and each depends on the same underlying records being correct. Our role is to prepare the FRS 105 Micro Entity Accounts carefully on the basis of the information provided and the reporting requirements that apply, so that directors have accounts they can review with confidence before they are approved and filed.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Sunninghill

If you run a small limited company in Sunninghill and want to understand whether FRS 105 Micro Entity Accounts are the right fit, the sensible first step is a straightforward conversation about your circumstances. Tell us about the company, the accounting period you need accounts for, and your current records, and we can look at your position in the round — including whether the micro-entities regime is available to you and what the accounts will need to include. Bring whatever you have: bookkeeping exports, bank statements, invoices, payroll summaries or notes from your existing records. We can then set out how we would prepare the accounts, what information is still needed, and how the accounts, the CT600 and any other filings fit together. There is no need to wait until a deadline is close — the earlier the records are reviewed, the fewer questions tend to arise.

─── 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 how a qualifying company that chooses to apply the micro-entities regime prepares its annual financial statements, including how items are measured and what must be disclosed in the notes. It is deliberately simpler than the frameworks used by larger companies, which is why it is popular with very small limited companies that want statutory accounts without unnecessary complexity.

Is FRS 105 compulsory for every micro-entity?

No. FRS 105 is not compulsory. A company that qualifies for the micro-entities regime is entitled to apply it, but it can also choose to prepare its accounts under another framework, most commonly FRS 102 Section 1A for small entities. The regime is an option, not an obligation, so the decision is usually made by weighing up the practical differences in measurement and disclosure against the company's plans.

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. Meeting the size conditions is not the end of the story, because certain rules and exclusions can prevent a company from using the regime even when it is small. Eligibility should always be checked against the company's specific circumstances and the rules in force for the period.

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 and differ in how much detail they require. FRS 105 is the micro-entities standard and keeps measurement simple — for instance, it does not permit revaluation of assets — and it requires fewer disclosures. FRS 102, including Section 1A for small entities, allows more accounting options and asks for more notes to the accounts. Companies preparing FRS 105 Micro Entity Accounts therefore tend to produce shorter, more compact financial statements.

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

Yes. Preparing accounts under FRS 105 does not remove the need to file statutory accounts at Companies House where the company is required to do so; it simply determines how those accounts are prepared. The accounts must still be approved by the directors and submitted within the relevant filing deadline for the company's period. Depending on the company's circumstances and the filing options available to it, the version filed may be a simplified set rather than the full accounts prepared for the members.

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

Yes — they are two different things. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities regime and filed at Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out the tax due. The two are based on the same underlying records and need to be consistent with each other, but they are prepared for different purposes and sent to different organisations. A Confirmation Statement is a further separate filing.

Can a new limited company use FRS 105?

It can be possible, but it is not automatic. A newly incorporated company will usually be small, and many new companies will fall within the micro-entity size conditions — but the criteria still have to be tested against the actual figures for the period, and the applicable rules and exclusions need to be considered. A first set of accounts can also raise practical questions about the period covered, so it is worth taking advice early rather than assuming the regime applies.

What information is needed to prepare FRS 105 accounts?

In broad terms, we need the company's financial records for the period: bookkeeping or accounting software exports, bank and credit card statements, sales invoices and receipts, purchase invoices, payroll information if the company employs anyone, details of any loans or assets, and the previous year's accounts where they exist. The more complete and well-organised the records are, the more straightforward the process tends to be. If your records are incomplete, tell us early so we can agree what is needed.

What changes are coming to micro-entity accounts filing?

Filing requirements at Companies House are evolving, with a general direction of travel towards digital filing and towards small and micro-entity companies providing more information than today's simplified filing options allow. Because the detail and timing of these changes matter, it is sensible to check your position each year rather than relying on how you filed previously. We can explain how the rules affect your company when you get in touch.