─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts for Sutton-in-Ashfield Companies
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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
Find Your Company
Search for your company to continue with the accounting services
Start typing to search for companies...
Results
Years filing UK company accounts
Micro entity accounts submitted
Verified Google reviews
Typical Filing Turnaround
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.
─── FRS 105 EXPLAINED
FRS 105 Explained: What the Micro-Entities Regime Means for Your Sutton-in-Ashfield Company
Who Can Use FRS 105 in the UK? Eligibility for Sutton-in-Ashfield Companies
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
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.
Professional Preparation for FRS 105 Micro Entity Accounts in Sutton-in-Ashfield
Get Help With Your FRS 105 Micro Entity Accounts in Sutton-in-Ashfield
─── 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.
FRS 105 is a UK financial reporting standard for companies that qualify as micro-entities and choose to apply the micro-entities regime. It sets out how their financial statements are prepared, including the balance sheet, profit and loss account and limited notes. It is an accounting framework, not a tax return or a Companies House filing in itself.
FRS 105 is available to companies that qualify for the UK 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 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. Other eligibility rules and exclusions can apply, so meeting those size tests does not automatically mean FRS 105 can be used.
No. The micro-entities regime is an available accounting regime for qualifying companies rather than a mandatory one. A company that qualifies can choose to apply it, in which case FRS 105 applies, or it may use another applicable framework such as FRS 102. The choice should reflect the company’s circumstances and reporting needs.
For accounting periods beginning on or after 6 April 2025, the size conditions are 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. A company generally needs to meet at least 2 of those 3 conditions, subject to the relevant rules and exclusions. Eligibility is not based on size alone, so it is important to check the full criteria before assuming the micro-entities regime applies.
FRS 105 is the micro-entities framework. It is designed to be simpler and has reduced disclosure requirements compared with FRS 102, which is used by many small and medium-sized companies that do not qualify for, or choose not to apply, the micro-entities regime. FRS 105 accounts focus on a more streamlined set of financial statements, while FRS 102 generally requires more detailed accounting and disclosure.
Where a company prepares FRS 105 Micro Entity Accounts, it will usually need to consider its Companies House filing obligations alongside its accounts preparation. Filing accounts with Companies House is separate from preparing them, and it is also separate from any Corporation Tax filing. The exact filing requirements depend on the company’s circumstances, so it is important to check what applies to your company.
Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A Corporation Tax Return, often called a CT600, is a separate submission to HMRC dealing with the company’s tax position. The accounts may provide figures that feed into the tax return, but preparing the accounts is not the same as filing the CT600.
Typically, we need the company’s accounting records, including a trial balance or bookkeeping records, bank statements, details of income and expenses, information on fixed assets and depreciation, loan and lease details, stock or work in progress where relevant, and any director transactions or balances. The exact information depends on the company’s activities. Having clear records helps with preparing accurate FRS 105 Micro Entity Accounts in Sutton-in-Ashfield.