─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tamworth

If your company qualifies for the UK micro-entities regime and you choose to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the standard that applies when a qualifying micro-entity opts into that regime, and it is designed around the simpler, more streamlined reporting that micro-companies are permitted to use. For directors in Tamworth, the practical value lies in having accounts prepared carefully from your financial records, with the disclosures, formats and accounting treatments set out in a way that fits your company’s own circumstances. Professional preparation helps you avoid the common pitfalls — such as applying a treatment that belongs under a different framework, or disclosing more or less than FRS 105 requires. It also means your figures are presented consistently, so the accounts you prepare for members and file at Companies House tell a coherent story about your business. Eligibility is not automatic: a company must meet the relevant size conditions and any other applicable rules before the micro-entities regime is available, and choosing FRS 105 is a decision that should be made deliberately rather than by default. We work with Tamworth businesses to review whether the micro-entities regime is likely to suit them, then prepare FRS 105 Micro Entity Accounts that reflect their trading, their balance sheet and their reporting obligations.

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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. 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sets out how a very small company’s financial statements should be put together when that company qualifies for the micro-entities regime and decides to use it. The regime itself is optional: a qualifying company may choose to apply it, and FRS 105 is the standard that applies when that choice is made. What makes FRS 105 distinctive is its simplicity. It is built around the idea that micro-entity financial statements should be straightforward to prepare and straightforward to read, using a simplified presentation of the balance sheet and profit and loss account, and a much lighter set of notes than you would find under a fuller reporting framework. Certain measurement rules are also more prescriptive, which removes some of the judgement calls that larger frameworks require. For a director in Tamworth running a small limited company, the upshot is that FRS 105 Micro Entity Accounts can be a proportionate way to report, provided the company genuinely fits the regime. It is worth remembering that FRS 105 is an accounting framework, not a tax return — it governs how the financial statements are prepared and filed, while Corporation Tax is dealt with separately. Getting the framework right from the outset keeps your reporting consistent year on year.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Two things have to line up: the company must meet the eligibility conditions, and the directors must decide that the micro-entities regime is the right basis for their reporting. 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. Meeting those thresholds is a starting point rather than the whole picture. A range of other eligibility rules and exclusions can apply, and some companies are prevented from using the micro-entities regime regardless of their size. There is also a practical dimension: even where the regime is available, directors may prefer a fuller framework if a bank, investor or group requires more detailed reporting. For companies in and around Tamworth, the sensible approach is to consider eligibility and suitability together, rather than assuming that a small balance sheet means FRS 105 automatically applies.

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 Micro Entity Accounts with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records and ends with financial statements that fairly reflect your company’s position. We work from the accounting records you hold — bank transactions, sales and purchase information, payroll details, asset purchases, loan balances and any other relevant items — and build the financial statements in line with FRS 105 and the disclosure requirements that apply to the micro-entities regime. Where a judgement or an accounting policy choice arises, we explain it in plain English so you understand what has been done and why. It is important to separate the different obligations at play. Preparing the FRS 105 financial statements is one task; filing the accounts at Companies House is another; and dealing with Corporation Tax, including the CT600 return submitted to HMRC, is a separate exercise that runs on its own timetable and its own rules. A Confirmation Statement is separate again. We can help across these areas so that nothing is missed, but each filing stands on its own requirements. Because eligibility for FRS 105 depends on your company’s size and on the applicable rules and exclusions, we review the position rather than assuming the regime applies. Accounts are prepared on the basis of the information provided, and while we aim for accuracy and consistency throughout, we do not claim that any filing will be automatically accepted.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Tamworth

Whether you are preparing FRS 105 Micro Entity Accounts for the first time or want to check that your current approach is still right for your company, we are happy to help. Get in touch to talk through your circumstances and let us know a little about your business — your trading activity, the period you need accounts for, the records you hold and any changes during the year that might affect your reporting. From there we can consider whether the micro-entities regime is likely to suit you, explain what is involved, and set out clear, transparent pricing options, including fixed-fee arrangements where they fit. If you are unsure whether FRS 105 applies to your company, that is a perfectly good place to start the conversation. We will look at your position with you, answer your questions and outline the next steps, so you can decide how you would like to proceed.

─── 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 that applies to qualifying micro-entities which choose to use the micro-entities regime. It sets out how the financial statements should be presented and measured, with a simplified format and a lighter set of disclosure requirements than frameworks such as FRS 102. In practice it covers the balance sheet, the profit and loss account and the limited notes that accompany them.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the 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 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. Other rules and exclusions can also apply, so meeting the size tests does not automatically mean the regime is available or appropriate.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose whether to apply it, and FRS 105 applies when that choice is made. Some companies opt for a fuller framework instead, for example because a lender, investor or group arrangement calls for more detailed reporting. It is worth considering both the eligibility position and what the users of your accounts actually need.

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. FRS 105 is the micro-entities standard, offering a simplified presentation and far fewer disclosures. FRS 102 is the standard generally used by small and larger entities, and it involves more detailed recognition, measurement and disclosure requirements. The framework you use affects how the accounts look and how much information is included, so the choice matters.

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

Where a company prepares FRS 105 Micro Entity Accounts, the financial statements are typically filed at Companies House in line with the filing requirements for that company and period. Filing the accounts and preparing them are two distinct steps, and the accounts are separate from your Corporation Tax obligations. If you are unsure what needs to be filed and when, it is worth confirming your specific position rather than relying on general assumptions.

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

Yes, they are separate. FRS 105 governs how the financial statements are prepared, while the CT600 is the Corporation Tax return submitted to HMRC. They are prepared on different bases — the tax computation starts from the accounting figures but then applies tax rules, adjustments and reliefs. Filing accounts does not discharge your Corporation Tax obligations, and vice versa, so both need to be dealt with properly.

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, but being newly formed does not by itself guarantee eligibility. The size conditions apply to the company's position, and a new company's first period can raise practical questions about how those conditions are assessed. Other rules and exclusions may also be relevant. We can look at your circumstances and explain where you stand.

What information is needed to prepare FRS 105 accounts?

Typically we would need your accounting records for the period, including sales and purchase information, bank and cash records, payroll details, details of any assets purchased or disposed of, loan and lease balances, and stock or work in progress where relevant. Details of any changes in the period — new borrowing, director's loans, or a change in activity — are also helpful. The clearer and more complete the records, the smoother the preparation process tends to be.

Are there changes coming to micro-entity accounts filing?

The way accounts are filed at Companies House has been moving towards digital, software-based filing, and the requirements around accounts filing have been subject to reform. The detail and timing can matter for micro-entities, particularly around how the accounts and any accompanying information are submitted. Because the position can change, it is worth checking the current requirements for your filing period rather than relying on older guidance, and we can talk through what this means for your company.