─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tonbridge

FRS 105 Micro Entity Accounts in Tonbridge are prepared under the UK financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. FRS 105 is designed for companies that meet the relevant eligibility conditions and opt into that regime, so it is not automatic for every small company. Professional preparation can help ensure the accounts are put together appropriately for your company’s circumstances, using the financial records you provide and the applicable reporting requirements. Whether you are a director reviewing your options or a company looking for support with annual accounts, clear guidance on FRS 105 Micro Entity Accounts can make the process more straightforward.

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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 
    
 
 
 
   
 
 
       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 for Tonbridge Micro-Entities

FRS 105 is the UK accounting standard used by qualifying micro-entities that choose the micro-entities regime. In simple terms, it provides a simpler financial reporting framework for very small companies, with annual financial statements that still need to be accurate and consistent. A company does not have to use the micro-entities regime just because it may qualify; it is a choice, and FRS 105 applies when that regime is chosen. If you run a company in Tonbridge and want to understand whether FRS 105 Micro Entity Accounts are suitable, the starting point is checking the eligibility conditions and any exclusions, then looking at the company’s reporting and filing needs.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the 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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not always mean a company can use the regime. If you are considering FRS 105 Micro Entity Accounts in Tonbridge, it is worth checking both the size criteria and any other relevant restrictions before deciding.

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 Tonbridge

Professionally prepared FRS 105 Micro Entity Accounts can be based on the company’s financial records and the reporting requirements that apply to it. The work typically involves preparing financial statements, helping ensure the figures are consistent with the information provided, and supporting the separate Companies House filing where required. It is important to distinguish this from Corporation Tax obligations: a CT600 is a separate filing to HMRC and is not the same as FRS 105 accounts. Good preparation does not guarantee a particular filing outcome, but it can help reduce avoidable errors and make the process clearer for directors of companies in Tonbridge.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Tonbridge

If you need FRS 105 Micro Entity Accounts in Tonbridge, get in touch to discuss your requirements. We can review the information you provide, consider your company’s circumstances and eligibility position, and explain the next steps for preparing your accounts. To help assess what is needed, it is useful to have your financial records, details of income and expenses, asset and liability information, and any relevant filing or tax correspondence to hand. Speak to us about your FRS 105 Micro Entity Accounts and we will help you understand the options available.

─── 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 forms part of the micro-entities regime and sets out how qualifying companies that choose that regime prepare their annual financial statements. It is designed to be simpler and less detailed than standards such as FRS 102, while still requiring accounts to be prepared accurately and consistently. In Tonbridge, companies that qualify and choose the micro-entities regime would use FRS 105 for their statutory accounts.

Who can use FRS 105?

FRS 105 can be used by companies that qualify as micro-entities under 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 2 of 3 applicable size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically guarantee eligibility. We can help assess your circumstances for FRS 105 Micro Entity Accounts in Tonbridge.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A company that qualifies may be able to choose the micro-entities regime and therefore apply FRS 105, or it may use another suitable framework if eligible. The right choice depends on the company's circumstances, its reporting needs, and any restrictions that apply. It is worth discussing the options before preparing FRS 105 Micro Entity Accounts.

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 the 3 applicable size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Certain companies are excluded, and other rules can affect eligibility. Meeting the size conditions is not by itself a guarantee that the micro-entities regime can be used. A professional review can help confirm whether FRS 105 is appropriate.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a separate UK financial reporting standard specifically for qualifying micro-entities. It is simpler and has fewer disclosure requirements than FRS 102, which is used by many other companies. FRS 105 is not simply a reduced version of FRS 102 for all purposes; it has its own rules and simplifications. The right framework depends on whether the company qualifies for the micro-entities regime and chooses to apply it, or whether it must or chooses to use another standard such as FRS 102.

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

If a company prepares FRS 105 accounts as its statutory annual accounts, those accounts are generally filed with Companies House as part of its annual accounts filing obligations, subject to the applicable rules and any exemptions. This is separate from any Corporation Tax filing to HMRC. The exact filing position depends on the company's circumstances. We can help prepare FRS 105 Micro Entity Accounts in Tonbridge and explain the separate filing steps.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime and are separate from a Corporation Tax Return (CT600). The CT600 is a tax filing submitted to HMRC, and its figures may need to be based on the company's accounts and tax adjustments. Preparing FRS 105 Micro Entity Accounts does not replace the need to deal with Corporation Tax obligations separately.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility depends on the size conditions and any relevant exclusions, and a first accounting period can require additional consideration. Being newly incorporated does not automatically mean FRS 105 applies. It is sensible to review the company's circumstances before preparing FRS 105 Micro Entity Accounts in Tonbridge.