─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tile Hill

If you run a small limited company in Tile Hill and you are looking for straightforward, proportionate financial reporting, FRS 105 Micro Entity Accounts may be the right fit. FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime: it provides the framework for qualifying companies that choose to apply that regime when preparing their annual financial statements. Because the regime is optional and the eligibility tests look at your company’s size and circumstances, not every small company will qualify, and meeting the size conditions alone does not automatically mean the regime applies. Professional preparation helps you work through the detail — confirming whether the micro-entities regime is available to your company, preparing the accounts on the correct basis, and making sure the figures in the financial statements line up with your underlying accounting records. For directors in Tile Hill who want their FRS 105 Micro Entity Accounts prepared properly and explained clearly, that support takes the guesswork out of the process and leaves you free to focus on running the 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: What It Means for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is a simplified set of accounting rules that allows qualifying companies to prepare accounts using a much lighter approach than larger reporting frameworks demand. It connects directly to the UK micro-entities regime: a company that qualifies for that regime can choose to apply it, and when it does, FRS 105 is the standard used to draw up the financial statements. The result is a set of accounts built around a simplified balance sheet and limited disclosure notes, rather than the fuller disclosures you would see under other standards. The key point for directors is that applying the micro-entities regime is a choice, not an automatic outcome — a company must first meet the relevant eligibility conditions, and other rules or exclusions can affect whether the regime is available. FRS 105 also applies only to the accounts themselves; it does not replace separate obligations such as filing a Corporation Tax Return (CT600) with HMRC or keeping your Confirmation Statement up to date. If you are unsure whether FRS 105 suits your company in Tile Hill, a short conversation about your figures and your plans usually makes the position much clearer.

Who Can Use FRS 105 in the UK? Eligibility for Tile Hill Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it — both elements matter. Eligibility is assessed against size conditions, and 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. In practice, that means a company can meet two conditions comfortably and still qualify, so it is not a case of having to satisfy all three. However, the size tests are only part of the picture. Other eligibility rules and exclusions can affect whether the micro-entities regime is available to a particular company, and the tests are applied to the company’s own figures and circumstances rather than to a generic profile. Meeting the thresholds therefore does not guarantee eligibility, and eligibility does not oblige you to use the regime. For directors in Tile Hill weighing up whether FRS 105 Micro Entity Accounts are the right route, the sensible first step is a straightforward review of your turnover, balance sheet and headcount alongside any other factors that may be relevant, followed by a clear decision about whether to apply the regime.

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 in Tile Hill

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, sales and purchase information, payroll details where relevant, and any asset or liability balances at the period end. From there, the accounts are put together on the basis that applies to your company and the reporting framework it has chosen. That means working through the recognition and measurement decisions FRS 105 requires, drafting the simplified balance sheet and the limited notes that accompany it, and making sure the figures are consistent with the records they came from. It also means keeping the different obligations clearly separated: preparing the financial statements is one task, filing those accounts with Companies House is another, and calculating and submitting a Corporation Tax Return (CT600) to HMRC is a third. They are related, but they are not the same thing, and treating them as interchangeable is a common source of confusion. Our role is to prepare and explain your FRS 105 Micro Entity Accounts so the position is transparent, the paperwork is orderly, and you understand what has been submitted and why. We do not claim that any set of accounts is guaranteed to be accepted, and we cannot offer regulatory approval — what we can do is apply the applicable reporting requirements carefully to the information you provide and flag anything that needs your attention before filing.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Tile Hill

Whether you are preparing micro-entity accounts for the first time, switching from a different reporting framework, or simply want a second pair of eyes on the numbers, we are happy to help. Tell us a little about your Tile Hill company — what it does, how it is structured, the period you need accounts for, and the records you already hold — and we can talk through your FRS 105 Micro Entity Accounts requirements and explain what information we would need to assess your circumstances. There is no obligation and no pressure: if FRS 105 turns out not to be the right basis for your company, we will say so and point you towards the framework that fits. Reach out today 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 designed for micro-entities. It sets out a simplified accounting framework, allowing qualifying companies to prepare a reduced balance sheet with limited disclosure notes rather than the fuller reporting required under standards such as FRS 102. FRS 105 is tied to the UK micro-entities regime: it is the standard used when a company qualifies for that regime and chooses to apply it.

Who can use FRS 105?

FRS 105 is intended for 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 eligibility rules and exclusions can also apply, so meeting the size thresholds on their own does not automatically mean the regime is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can choose to apply it and use FRS 105, or it can prepare accounts under a different framework such as FRS 102. There are situations where a different framework makes more sense — for example, where you need a more detailed presentation of the figures or where a lender or investor has asked for particular information — so the decision is worth discussing before you commit.

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-entity standard and offers the most simplified presentation and the smallest set of disclosures. FRS 102 is the standard generally used by small and larger entities, and it requires considerably more detail in the financial statements and notes. Choosing between them is largely about which regime your company qualifies for and what the users of the accounts actually need to see.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Where a company prepares accounts under the micro-entities regime, those accounts normally form the basis of what is filed at Companies House, although what appears on the public register is a simplified version of the full accounts. Filing the accounts is a separate step from preparing them, and it is also separate from your Corporation Tax obligations. We can talk you through how preparation and filing fit together for your company.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes — they are two distinct filings. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting framework and are relevant to your Companies House filing. A CT600 is a Corporation Tax Return submitted to HMRC, which is prepared for tax purposes under tax rules rather than the reporting framework. The figures in the two documents often start from the same records, but they are calculated and submitted separately, so it is worth keeping the distinction clear.

Can a new limited company use FRS 105?

It depends on the company's circumstances rather than simply on how long it has been trading. A newly incorporated company may meet the micro-entity size conditions in its first period, but eligibility also depends on the applicable rules and exclusions, and on whether the regime is chosen. If your company is new and you are unsure which framework to use for your first set of accounts, it is worth reviewing your expected turnover, balance sheet total and employee numbers before deciding.

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

In broad terms, we need your accounting records for the period: bookkeeping or transaction data, bank and credit card statements, sales and purchase information, payroll details where you employ staff, and details of any assets, liabilities, loans or share capital at the period end. If you are moving from another accountant or framework, the previous accounts and a trial balance are helpful too. Send us what you have for your Tile Hill company and we can confirm what else, if anything, is required.