─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Thatcham

FRS 105 Micro Entity Accounts in Thatcham are financial statements prepared under the UK reporting framework for companies that qualify for the micro-entities regime and choose to apply it. FRS 105 is not a tax return, and it is not something every small company is automatically entitled to use — eligibility depends on the company meeting the relevant size conditions and falling outside any exclusions that apply to the micro-entities regime. Professional preparation helps to make sure the figures are drawn from accurate, well-kept records, presented in the simplified format FRS 105 allows, and consistent with how the company reports elsewhere. We work with directors in Thatcham and the surrounding area to review their bookkeeping, confirm how the company should be treated for reporting purposes, and prepare FRS 105 financial statements that genuinely reflect the company’s circumstances rather than a template that happens to look similar.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 sits behind the micro-entities regime. In simple terms, it is a simplified way for very small companies to prepare their annual financial statements, designed to cut down on the volume of notes and accounting adjustments that larger frameworks require. Instead of measuring certain assets and liabilities at fair value or revalued amounts, FRS 105 accounts are generally built on a straightforward, cost-based approach, with a much shorter set of disclosures. The key point is that FRS 105 is not compulsory. A company that qualifies as a micro-entity can choose to apply the micro-entities regime — and FRS 105 applies when that choice is made. A qualifying company could instead report under a fuller framework, such as the small companies regime, if that better suits its circumstances, its lender, or its shareholders. So the decision is really two steps: does the company qualify as a micro-entity, and is the micro-entities regime the right reporting choice for it? Understanding both questions is what makes FRS 105 Micro Entity Accounts useful rather than merely minimal.

Who Can Use FRS 105 in the UK? Companies That May Qualify for the Micro-Entities Regime

FRS 105 is available to UK companies that qualify as micro-entities and choose to apply the micro-entities regime. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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 figures set the headline test, but they are not the whole story. Other eligibility rules and exclusions can apply, and certain types of entity are not able to use the regime at all, so qualifying is never simply a matter of checking three numbers and assuming the answer is yes. It also matters that the regime is a choice: a qualifying company can decide to apply it and prepare FRS 105 accounts, or it can report under a different framework if that better reflects its circumstances and the needs of anyone who relies on its accounts.

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 and Accurate Financial Reporting in Thatcham

Preparing FRS 105 Micro Entity Accounts properly starts with the company’s own financial records — bank transactions, sales and purchase invoices, payroll information, asset purchases, loan and lease agreements, and any previous year’s accounts. From there, the figures are assembled into a balance sheet and the supporting notes that the micro-entities regime requires, with the accounting policies and disclosures kept proportionate to the company’s size and activity. It is important to keep the different obligations separate: the financial statements are prepared under the applicable reporting requirements, the accounts are then filed with Companies House where a filing obligation applies, and any Corporation Tax liability is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC. The two use overlapping information but follow different rules, and treating them as the same thing is a common source of confusion. Our role is to prepare your FRS 105 Micro Entity Accounts carefully and accurately from the records you provide, explain the judgements behind them, and flag anything that needs your attention before the accounts are finalised.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Thatcham

If you are a director in Thatcham wondering whether FRS 105 is the right fit for your company, the sensible next step is a straightforward conversation. Tell us about your company — what it does, how it is structured, roughly how it has traded, and who needs to see the accounts, whether that is Companies House, a bank, a lender, or simply you and your fellow shareholders. From that, we can help you work out whether the micro-entities regime is likely to be available to you and whether it suits your circumstances, then prepare your FRS 105 Micro Entity Accounts from the records you hold. Get in touch with your details and any questions you have, and we will take it from there with clear, 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 that supports the micro-entities regime. It allows qualifying companies to prepare simplified annual financial statements, generally using a cost-based measurement approach with a much smaller set of notes and disclosures than fuller frameworks such as FRS 102. It is an accounting and reporting framework, not a tax regime, so it does not determine how much Corporation Tax a company pays.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities and then choose to apply the micro-entities regime. 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 eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically confirm that a company qualifies.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not oblige a company to use it. A company that qualifies can choose to apply the regime and prepare FRS 105 accounts, or it can report under a fuller framework such as the small companies regime under FRS 102 Section 1A. The right choice often depends on who relies on the accounts — for example, a lender, an investor, or a parent company may prefer more detailed reporting.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main UK financial reporting standard and applies to a much wider range of companies, including small companies using Section 1A. It permits or requires more measurement options and a greater level of disclosure. FRS 105 is the streamlined micro-entities framework, with simpler measurement and far fewer notes. In practice, FRS 105 produces shorter, less detailed accounts, while FRS 102 accounts give readers more information about the company's position and policies.

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

Where a company is required to file annual accounts, micro-entity accounts are filed with Companies House in the format the micro-entities regime allows, which typically means a simplified balance sheet with limited notes. Filing the accounts at Companies House is separate from submitting a Corporation Tax Return to HMRC. The date by which accounts are due depends on the company's accounting reference date and whether it is a first accounting period, so it is worth checking the specific deadline that applies to your company.

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

Yes, they are two distinct obligations. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The figures in the two documents usually start from the same underlying records, but different rules apply, so adjustments are often needed and one does not replace the other.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 for its first accounting period if it qualifies as a micro-entity and chooses the regime. New companies often fall within the size conditions simply because they are small in their early years, but eligibility still depends on the applicable rules and any exclusions, and the position should be checked against the company's actual turnover, balance sheet total, and employee numbers rather than assumed.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Useful starting points include bank and credit card statements for the period, sales invoices and receipts, purchase invoices and expense records, payroll or contractor information, details of assets bought or sold, loan and lease agreements, VAT records if registered, and the previous year's accounts. If you keep digital bookkeeping records, providing access is usually the simplest route. The more complete and up to date the records are, the more straightforward it is to prepare accurate accounts and to explain any points that need your input.