─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Thames Ditton

FRS 105 Micro Entity Accounts in Thames Ditton are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the UK micro-entities regime. FRS 105 is not a lighter version of a normal set of accounts that can be applied at will — it is a specific framework with its own recognition, measurement and disclosure requirements, including a historical cost basis and simplified disclosures. That is why professional preparation matters: the accounts need to reflect your company’s actual transactions, its accounting records and its circumstances, and the framework must be the right one for the company in that period. Working with an experienced team means the figures are compiled carefully from the records you provide, the disclosures suit a micro-entity, and the accounts are prepared in a form that can be used for Companies House filing where the company qualifies and the regime is chosen. Because eligibility depends on meeting the applicable size conditions for the period and on no relevant exclusion applying, the starting point is always a proper review of your position rather than an assumption that the micro-entities regime is available.

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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook a very small company follows when it prepares its annual accounts under the micro-entities regime. The regime itself is a set of company law provisions that a qualifying company may choose to apply; once that choice is made, FRS 105 is the standard used to draw up the financial statements. Compared with the frameworks used by larger companies, FRS 105 is deliberately simplified. It is based on historical cost, so assets are not revalued upwards or measured at fair value, and it comes with a much shorter set of disclosure notes. There is also no deferred tax under FRS 105, with current tax dealt with instead. The result is a shorter, more straightforward set of accounts that still has to be accurate and properly prepared. Typical micro-entity financial statements centre on a balance sheet with supporting notes, with a profit and loss account prepared for the members. Choosing the micro-entities regime is a decision for the company, and it is worth taking advice if your circumstances are changing — for example if turnover or headcount is growing — because the framework needs to suit the company for the period in question.

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. Eligibility is decided period by period, and 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. Those size tests are not the whole story. Other eligibility rules apply, and certain companies are excluded from the regime altogether — for example, some entities that carry on particular types of regulated activity. A company that qualifies but prefers a different framework can prepare its accounts under another standard instead, and a company that has previously qualified may fall out of the regime as it grows. For companies in Thames Ditton and the surrounding area, the practical next step is to review the current period’s figures and the company’s activities together before deciding whether FRS 105 Micro Entity Accounts are the right approach.

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

Accurate FRS 105 Micro Entity Accounts start with accurate records. We work from the information you provide — bank statements, sales and purchase records, payroll details, asset purchases and any relevant agreements — to build financial statements that properly reflect the company’s activity for the period and follow the recognition, measurement and disclosure requirements that apply under FRS 105. The accounts are prepared on the basis that the micro-entities regime has been chosen, and we will flag anything in your figures that looks inconsistent or that needs a decision from you rather than quietly guessing. It is important to keep two things separate: preparing the financial statements, and filing them with Companies House. The accounts preparation and the Companies House submission sit alongside your Corporation Tax obligations, which are dealt with through a separate CT600 return submitted to HMRC. A Confirmation Statement is another separate filing again. Meeting the accounts filing requirement does not discharge your tax filing responsibilities, and vice versa. We can help you understand how these pieces fit together, prepare the accounts from your records, and support you with the information you need to keep your filings on track without implying any guarantee about how a third party will respond to them.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Thames Ditton

If your company may qualify for the micro-entities regime and you would like your accounts prepared under FRS 105, we would be glad to help. Tell us about your company — its trading activity, the accounting period in question, and the records you have available — and we can assess whether FRS 105 Micro Entity Accounts look like the right fit for your circumstances. If the micro-entities regime is not appropriate, we will say so and explain the alternatives rather than pushing your figures into the wrong framework. Get in touch to talk through your requirements, ask questions about what information is needed, and find out how our clear, transparent pricing works for a company like yours.

─── 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 applies when a qualifying company chooses to use the micro-entities regime, and it sets out how the accounts are prepared — including a historical cost basis, no revaluation or fair value measurement, no deferred tax, and a reduced set of disclosure notes compared with the frameworks used by larger companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is based on the applicable size conditions for the accounting period, and other rules and exclusions can also affect whether a company is eligible. Meeting the size tests is therefore not by itself a guarantee that the regime is available, and it is always wise to confirm your position before preparing accounts on that basis.

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 can choose to apply it, in which case FRS 105 is used, or it can prepare accounts under a different framework such as FRS 102. The choice can affect how much detail appears in the accounts and how the figures are measured, so it is worth considering carefully.

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. These conditions sit alongside other eligibility rules and exclusions, so satisfying the size tests alone does not automatically mean the micro-entities regime can be used.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the streamlined micro-entities standard, built on historical cost with no revaluations, no fair value accounting, no deferred tax and far fewer disclosure notes. FRS 102 is the standard for small and larger entities, and it allows more accounting options while requiring considerably more disclosure, including deferred tax.

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

Where a company prepares micro-entity accounts and the relevant filing exemptions apply, the accounts are generally delivered to Companies House, with the balance sheet and supporting notes forming the core of what is filed. This is separate from your tax filings. Filing methods and accepted formats can change over time, so it is worth checking current Companies House guidance for the period you are filing.

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

Yes. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities regime for the members and, where applicable, filed at Companies House. A CT600 is a separate Corporation Tax return submitted to HMRC to report the company's taxable profits and tax position. The two are related in that they draw on the same underlying figures, but they are distinct documents with distinct purposes.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. In practice, first-period accounts often need extra thought — for example around pre-trading costs, share capital and any assets introduced into the company — so it is worth getting advice early rather than assuming the regime applies by default.