─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tarporley

If you run a small limited company in Tarporley, FRS 105 Micro Entity Accounts may be the most straightforward way to prepare and file your annual financial statements. FRS 105 is the financial reporting framework that sits alongside the UK micro-entities regime — it is not an automatic entitlement, and it only applies where a company qualifies for that regime and chooses to apply it. Where it does apply, FRS 105 allows for a simpler, more streamlined set of accounts than larger reporting frameworks, which is exactly why so many owner-managed businesses in and around Tarporley ask about it. Professional preparation helps you work through the detail properly: checking your eligibility against the applicable size conditions and exclusions, reviewing the figures in your accounting records, preparing financial statements that reflect your company’s actual circumstances, and making sure the accounts are consistent with the information held elsewhere in your company’s records. It also helps to separate the different obligations a company has — the accounts prepared under FRS 105, the filing of those accounts with Companies House, and the separate Corporation Tax position reported to HMRC — so nothing is assumed or overlooked. Whether you are filing your first set of micro-entity accounts, switching framework, or simply want a second pair of eyes on the numbers, we can help you prepare FRS 105 Micro Entity Accounts that are clear, accurate and appropriate for your business.

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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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   3rd Hub 
 
 
 
 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: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the simplest set of rules available to a small company for preparing annual accounts. The UK micro-entities regime is an optional accounting regime: a company that qualifies for it can choose to apply it, and once that choice is made, FRS 105 is the standard used to prepare the financial statements. That distinction matters. Qualifying for the regime does not automatically put you on FRS 105, and choosing the regime is a decision that should be made with your circumstances in mind — including who uses your accounts, whether there is a lender, investor or group relationship involved, and whether the simpler presentation is genuinely suitable. Where the regime is applied, FRS 105 financial statements are typically shorter and more straightforward than accounts prepared under a fuller framework such as FRS 102. They still need to be prepared properly from accurate accounting records, they still need to give a true and fair view in line with the requirements of the standard, and they still form the basis of what is filed at Companies House. What FRS 105 does not do is replace your other obligations: it governs how the accounts are prepared, not your Corporation Tax Return, your Confirmation Statement or your other filing duties. For directors in Tarporley weighing up how to present their company’s year-end figures, understanding what FRS 105 is — and what it is not — is the first step to making a sensible decision.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it — both parts of that sentence matter. On the qualifying side, the size test is the starting point. 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 conditions are applied in line with the relevant rules, including how turnover and balance sheet total are measured and which accounting period they are tested against. Even where those conditions are comfortably met, other eligibility rules and exclusions can still affect whether the regime is available — certain types of entity are excluded, and there are additional considerations for companies that form part of a group or that have particular characteristics. Meeting the size thresholds therefore does not, on its own, guarantee that FRS 105 applies. On the choice side, applying the micro-entities regime is a decision, not a default. A qualifying company may select FRS 105 or opt for a fuller framework, depending on what its accounts need to do. If you are unsure where your Tarporley company stands, we can review your position and explain the options in plain English before anything is prepared.

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

FRS 105 Micro Entity Accounts are only as reliable as the records behind them and the care taken in preparing them. Our approach is to work from your company’s own financial records — bookkeeping, bank transactions, sales and purchase information, payroll data, asset details and any relevant agreements — and to prepare financial statements that reflect the applicable reporting requirements for the micro-entities regime. That means the figures are built up from source, checked for consistency, and presented in the format FRS 105 requires, rather than being dropped into a template and left at that. It is important to be clear about the different pieces of the puzzle. Preparing the financial statements is one task. Filing those accounts with Companies House is a separate step with its own format and deadlines. Reporting your Corporation Tax position to HMRC through a Company Tax Return (CT600) is a further obligation again, and it is not the same thing as FRS 105 accounts — the accounts support the tax position, but they are not a substitute for it. We can help you keep those strands distinct and properly handled. What we cannot do is guarantee any particular outcome: Companies House does not approve or endorse accounts before they are filed, and no adviser can promise a specific filing result. What we can offer is careful preparation, clear explanations of the judgements involved, and a fixed-fee approach to the work so you know where you stand before anything begins.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts for your company, the best place to start is a straightforward conversation about where you are now. Tell us about your business — what it does, how it is structured, who else is involved as a director or shareholder, and how your records are currently kept — and share the information we would need to assess your circumstances, such as your latest accounts, a trial balance or bookkeeping export, details of any assets or loans, and your year-end date. From there we can talk through whether the micro-entities regime is likely to be available and appropriate for your company, what the accounts would look like under FRS 105, and how the preparation and filing process would work in practice. There is no obligation and no pressure: if the micro-entities regime is not the right fit, we will say so and explain the alternatives. Get in touch and we will take it from there.

─── 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 companies using the micro-entities regime. It is the simplest framework available for preparing annual accounts, and it is designed to reduce the amount of disclosure and detail required compared with fuller standards. Importantly, FRS 105 is the standard you follow once you have decided to apply the micro-entities regime — it is not a standalone filing or a tax return.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying depends on meeting the applicable size conditions and not falling within any of the relevant exclusions, which is why eligibility should always be checked against your company's specific circumstances rather than assumed. Some companies that are small in size still cannot use the regime — for example, certain entities are excluded by the rules — so a proper review is worthwhile before committing to the framework.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an optional accounting regime. A company that qualifies for it may choose to apply it, and if it does, FRS 105 is the standard used to prepare the accounts. Qualifying companies can instead prepare accounts under a fuller framework such as FRS 102. The choice is a real one, and it is worth considering who relies on your accounts — lenders, investors, group companies or other stakeholders may prefer more detailed reporting.

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 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. Meeting the size conditions alone is not the whole story, as other eligibility rules and exclusions can apply, and the conditions must be considered at the correct point in time and on the correct basis. We can help you work through this for your company.

What is the difference between FRS 105 and FRS 102?

The main difference is the level of detail and complexity. FRS 105 is tailored to micro-entities, with a simpler presentation and far fewer disclosure requirements, and it also applies a different approach to certain measurement areas. FRS 102 is the fuller UK standard used by small and larger entities, offering more recognition and measurement options and requiring considerably more disclosure. FRS 105 can produce shorter, more accessible accounts, while FRS 102 may suit companies whose accounts need to serve a wider audience.

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

Yes. Where a company prepares accounts under FRS 105, those accounts are normally filed at Companies House in the required format, alongside any other filings the company must make. Filing is a separate step from preparing the accounts, and the format submitted is not identical to the full financial statements prepared for the company's own records. Companies House does not approve or endorse accounts before they are filed — the responsibility for what is submitted rests with the company and its advisers.

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

Yes, they are two distinct things. FRS 105 accounts are the company's financial statements, prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is the Company Tax Return submitted to HMRC to report the company's Corporation Tax position. The accounts typically inform the figures used in the tax return, but preparing and filing one does not discharge the obligation to deal with the other, and the two follow different rules and processes.

What information is needed to prepare FRS 105 accounts?

In practice we usually need your bookkeeping or a trial balance for the period, bank and credit card statements, sales and purchase records, payroll information if you employ staff, details of fixed assets and any additions or disposals, information on loans, leases and other commitments, and your previous year's accounts if you have them. Share details of anything unusual during the year — a new loan, a significant purchase, a change in shareholding — as these can affect how the accounts are presented. The more complete the records, the more straightforward the preparation tends to be.