─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tarleton

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, your annual financial statements are prepared under FRS 105 — the financial reporting standard written specifically for micro-entities. FRS 105 Micro Entity Accounts in Tarleton are therefore not a generic set of small company accounts; they are accounts prepared under a distinct framework, with its own recognition and disclosure requirements, its own statutory format and its own simplifications compared with larger-company reporting. Professional preparation helps ensure those accounts are put together appropriately for your company’s particular circumstances, that the figures follow your underlying financial records, and that the resulting statements are presented in the expected form. It also means the accounts side of your year-end is handled separately from your other obligations, such as your Corporation Tax Return (CT600) and your Confirmation Statement. Eligibility is never automatic. A company generally needs to meet at least two of the three micro-entity size conditions, and additional rules and exclusions can affect whether the regime is available at all. We can review your position, explain what applying FRS 105 means in practice, and prepare accounts that reflect your business as it actually trades.

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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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it is the simplest of the UK accounting frameworks: it is designed for the smallest companies, and it allows a more streamlined set of financial statements than you would see under FRS 102 or the larger-company standards. Those statements typically include a concise balance sheet, a small number of notes and the prescribed primary statements, and the framework keeps disclosures to a minimum so that the accounting work is proportionate to the size of the business. The important point is that the micro-entities regime is a choice, not a default. A company that qualifies can decide to apply it — and where that choice is made, FRS 105 is the standard that governs how the accounts are prepared. If the regime is not used, the company reports under a different framework instead. Some companies also have good reasons for preferring a fuller reporting framework even where the micro-entities regime is available, and it is worth weighing that up. For FRS 105 Micro Entity Accounts in Tarleton, we explain which framework applies to you, what your accounts will look like under it, and how the figures flow from your bookkeeping through to your year-end financial statements.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

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 two of three 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 during the period. Those figures give a useful starting point for companies in Tarleton, but they are only part of the picture. Other rules and exclusions apply, and some companies cannot use the micro-entities regime whatever their size — for example, where the company forms part of an ineligible group, where it is a public company, or where it carries on certain regulated financial activities. There are also cases where the size conditions are met but the directors decide a fuller framework suits the business better. Because the tests are applied to your company’s own circumstances, the sensible approach is to check eligibility properly rather than assume it. We can review your turnover, balance sheet total and employee numbers alongside the applicable rules, confirm whether the micro-entities regime is open to you, and explain what applying FRS 105 would mean for your FRS 105 Micro Entity Accounts in practice.

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 Accounts and Accurate Financial Reporting

Good FRS 105 Micro Entity Accounts start with good records. We work from your company’s financial records — bank transactions, sales and purchase information, payroll data, asset purchases and any other relevant documentation — and use those to build a balance sheet and supporting notes that reflect the company’s position under the micro-entities regime. That includes checking that items have been treated consistently with the framework, that the statutory format is followed, and that the figures agree back to the underlying records rather than sitting on assumptions. It is worth being clear about how the different pieces fit together: the FRS 105 financial statements are the company’s annual accounts, and it is those accounts that are filed with Companies House; Corporation Tax is a separate matter, dealt with through a CT600 submitted to HMRC, and the tax computation is not the same document as the accounts. Your Confirmation Statement is separate again and does not replace either. We prepare the accounts on the basis of the information you provide and the applicable reporting requirements, and we explain the assumptions and judgements behind the figures so you can see how the numbers were arrived at. No preparer can guarantee how a third party will respond to a set of accounts, but a carefully prepared set of FRS 105 Micro Entity Accounts gives you a clear, coherent record of your company’s financial year.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Tarleton

If your year end is approaching, or you are simply unsure whether the micro-entities regime is the right fit for your company, get in touch to talk through your FRS 105 Micro Entity Accounts. Tell us a little about your business — what it does, how it is structured, roughly how it trades, who else is involved in the company, and what records you already keep — and we can assess your circumstances and explain how the accounts would be prepared. It also helps to know whether you already file under a different framework, whether anything unusual happened during the year, and what you need from us beyond the accounts themselves. From there we can set out the approach, the information we will need from you, and clear, transparent pricing so there are no surprises. Whether you are a director of a long-established Tarleton company or running something newer, a short conversation is usually the quickest way to establish where you stand and what happens next.

─── 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 has chosen to apply the micro-entities regime prepares its annual financial statements, including the format of the primary statements and the limited disclosures required. It is the most streamlined of the UK accounting frameworks, designed so that reporting stays proportionate for the smallest companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualification depends on meeting the relevant size conditions and on not falling within any of the exclusions that apply to the regime — so it is not simply a matter of being small. We look at your company's specific position, including its structure, group relationships and activities, before confirming which framework applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies for it can choose whether to apply it, and FRS 105 applies when that choice is made. Some directors prefer a fuller framework such as FRS 102, perhaps because of how they use the accounts, who else relies on them, or plans for the future. The decision is yours, but it should be an informed one.

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 two of the following three 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 is not the whole story, because other rules and exclusions can apply, and some companies cannot use the regime regardless of their size.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard, with a simplified format and minimal disclosure, while FRS 102 is the standard for larger small companies and others, covering more areas of accounting in greater detail and requiring more disclosure. Which one applies to you depends on whether you qualify for the micro-entities regime and whether you choose to use it.

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

Yes — a company's annual accounts are filed at Companies House, and where the company has applied the micro-entities regime, those accounts are prepared under FRS 105. Filing the accounts is a separate obligation from submitting a Corporation Tax Return to HMRC and from filing a Confirmation Statement, even though the accounts information may also feed into the tax position.

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

Yes, they are separate. FRS 105 accounts are the company's annual financial statements, prepared under the micro-entities regime and filed at Companies House. The CT600 is the Corporation Tax Return submitted to HMRC, and it is based on a tax computation that starts from the accounts but applies tax rules. Preparing one does not automatically prepare the other, so it is worth confirming exactly what is included in the service you receive.

What information is needed to prepare FRS 105 accounts?

Typically we need your records for the accounting period: bank statements and reconciliations, sales and purchase information, payroll details, details of any assets bought or sold, loan and director's account movements, and any invoices or agreements that support unusual items. If you already have bookkeeping or accounting software, we can usually work from that. The better the records, the more straightforward the preparation — and having your year-end information ready early usually makes the whole process smoother.