─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tameside

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — a simplified reporting framework available to companies that meet the qualifying conditions and choose to apply it. For directors in Tameside running a small limited company, FRS 105 can mean shorter, more straightforward financial statements, with far fewer disclosure notes than a full set of small company accounts. Whether it is the right framework for your business depends on your company’s size, its legal form, the nature of its activities and any rules that may exclude it. Professional preparation helps to make sure your FRS 105 Micro Entity Accounts are built from accurate records, that the correct framework is applied consistently, and that the figures presented reflect your company’s actual circumstances rather than a generic template. The aim is simple: financial statements that are prepared appropriately, explained clearly, and ready for the decisions you need to make as a director.

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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  
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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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 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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 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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 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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 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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 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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─── 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. It sits within the UK’s micro-entities regime, which is an optional accounting regime: a company that qualifies for it can choose to use it, and FRS 105 is the standard that applies when that choice is made. In practical terms, FRS 105 financial statements are a stripped-back version of small company accounts. They focus on the essentials — a balance sheet, a profit and loss account and a small number of notes — and they avoid many of the more complex measurement and disclosure requirements you would find under FRS 102. There is, for example, no remeasurement of assets to fair value, no revaluation of property, and a much lighter set of notes. The trade-off is that the accounts give a simpler picture of the company, so they can be less informative to lenders, investors or anyone reviewing the business in depth. For a Tameside micro-entity whose directors want tidy, proportionate accounts at the lowest reasonable level of complexity, FRS 105 can be a good fit. For a company with more involved transactions, more interested parties or ambitions to raise finance, another framework may suit better — which is exactly the sort of judgement we can help you work through.

Who Can Use FRS 105 in the UK? Eligibility for Tameside Companies

FRS 105 in the UK is available to companies that both qualify for the micro-entities regime and choose to apply it — those two elements matter equally. On size, for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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. The average number of employees is usually calculated across the accounting period, and the other conditions are assessed on the figures for the period in question. Meeting the size test, however, does not by itself guarantee that the regime is available: certain legal forms and types of activity are excluded, and other rules and conditions can affect whether a company qualifies, so two businesses of a similar size can reach different conclusions. If your Tameside company looks as though it may fall within the micro-entities regime, the next step is to look at the detail — your company structure, what it does and how it is financed — before deciding whether FRS 105 Micro Entity Accounts are the right route.

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.

Preparing Your FRS 105 Accounts Accurately and Professionally

FRS 105 Micro Entity Accounts still need to be right. The framework is simpler, but the figures must be drawn correctly from your accounting records, posted to the right periods, and presented in line with the requirements of the standard. Professional preparation typically starts with your bookkeeping, bank records, sales and purchase information and asset details, from which a trial balance and then the financial statements are built. Alongside the accounts themselves, there are separate obligations to keep in mind: the financial statements prepared for the company’s members and any filing of accounts with Companies House are one thing, while Corporation Tax — reported to HMRC through a Company Tax Return (CT600) — is a distinct process with its own rules, deadlines and computations. A Confirmation Statement is separate again. We prepare FRS 105 financial statements carefully and consistently, explain the basis on which they have been drawn up, and set out clearly what has been filed where, so that directors in Tameside know exactly where they stand. Nothing here is a guarantee of any particular filing outcome — it is about doing the work properly and giving you an accurate, well-documented set of accounts for your circumstances.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Tameside

If your Tameside company may be eligible for the micro-entities regime, or you are already using it and want the preparation handled properly, get in touch to talk through your FRS 105 Micro Entity Accounts. A short conversation is usually enough to establish what you need. It helps to have your latest accounting records, bank statements, details of any assets, loans or directors’ transactions, and — if you have traded before — a copy of your previous accounts to hand, along with a note of your trading dates and year end. From there we can look at your company’s circumstances, confirm which reporting framework appears to apply, and explain the next steps clearly, with 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 is a simplified framework based on FRS 102, but with many of the more complex measurement and disclosure requirements removed. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard it uses to prepare its financial statements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Meeting the size criteria is not on its own enough to guarantee eligibility — legal form, the nature of the company's activities and certain exclusions can also affect whether the regime is available. It is always worth checking your specific circumstances rather than assuming the framework applies.

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 instead prepare its accounts under a different framework, such as FRS 102, if that better suits its circumstances. The choice is made at company level and should be applied consistently, so it is worth considering carefully before committing.

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 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 sit alongside the wider rules and exclusions that govern the micro-entities regime, so passing the size test alone does not automatically mean FRS 105 applies.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard for larger and more complex entities, and it allows or requires things such as fair value measurement, revaluation and deferred tax accounting. FRS 105, by contrast, is deliberately pared back: assets are generally held at cost, remeasurement is not permitted, and the disclosure requirements are far lighter. The result is shorter, simpler accounts — but also a less detailed picture of the business for anyone reading them.

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

The financial statements are prepared for the company's members, and company law requirements around filing accounts with Companies House still apply to micro-entities. What gets filed, and in what form, depends on the framework used and the current filing rules. Filing accounts with Companies House is a separate exercise from reporting Corporation Tax to HMRC, and separate again from the Confirmation Statement.

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

Yes. FRS 105 relates to the accounting and financial reporting framework and produces the financial statements. A CT600 is a Corporation Tax filing submitted to HMRC, with its own computations, adjustments and deadlines. The accounts are usually the starting point for the tax return, but they are not the same document and they are not sent to the same place.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In practice, a first set of accounts raises extra questions — the first accounting period may be longer than 12 months, there may be minimal activity, and the size conditions are assessed using the relevant rules for a first period. It is worth getting advice early so the framework, records and deadlines are set up correctly from the start.

What is changing about micro-entity accounts filing?

Companies House has been phasing in changes to how accounts are filed, including a move towards filing through software and a shift in what small and micro-entity companies are expected to include in their filed accounts. Because these changes are being introduced over time, the practical effect depends on your year end and the rules in force at that point. We can talk you through what the current requirements mean for your FRS 105 Micro Entity Accounts in Tameside.