─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Sutton
- 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
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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.
─── FRS 105 EXPLAINED
FRS 105 Explained for Sutton Micro-Entities
Who Can Use FRS 105 in the UK? Guidance for Sutton Businesses
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.
Professionally Prepared FRS 105 Accounts for Sutton Companies
Discuss Your FRS 105 Micro Entity Accounts with Us
─── 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 the UK financial reporting standard for micro-entities. It sets out simplified requirements for preparing annual financial statements when a qualifying company chooses to apply the micro-entities regime. It is not a tax return or a Companies House form; it is the accounting framework used to produce the financial statements.
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 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 the size thresholds alone does not automatically mean a company can use FRS 105.
No. The micro-entities regime is an available accounting regime, and FRS 105 applies when a qualifying company chooses to use it. A company that qualifies as a micro-entity may instead prepare accounts under a different framework, such as FRS 102, depending on its circumstances and reporting needs. It is a choice rather than an automatic requirement.
For accounting periods beginning on or after 6 April 2025, the size criteria are generally based on meeting at least 2 of 3 conditions: turnover no more than £1 million, balance sheet total no more than £500,000, and average number of employees no more than 10. There are also other legal rules and exclusions that can affect eligibility. A company should review its specific position rather than assuming it qualifies.
FRS 105 is the simpler framework for micro-entities, with reduced disclosure and measurement requirements. FRS 102 is a more detailed financial reporting standard used by a wider range of companies. FRS 105 is only available to companies that qualify for and choose the micro-entities regime, whereas FRS 102 may apply to companies that do not qualify as micro-entities or that choose not to use the micro-entities regime.
Where a company prepares FRS 105 Micro Entity Accounts, it will usually need to file annual accounts with Companies House, subject to the applicable filing requirements and any exemptions that may apply. The accounts are filed separately from the Corporation Tax Return (CT600) and from the Confirmation Statement. Filing obligations can vary, so it is important to check the specific requirements for your company.
Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime. A CT600 is a separate Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate Corporation Tax. The figures in the accounts often inform the tax return, but the two are distinct filings with different purposes and submission routes.
A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility depends on the company's size and other relevant rules, including any exclusions. A newly incorporated company should review its circumstances and expected activity to determine whether FRS 105 Micro Entity Accounts are appropriate. It is not automatic for all new companies.