─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tyrone for Qualifying Companies

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. For companies in Tyrone, preparing FRS 105 Micro Entity Accounts involves taking the company’s financial records and presenting them in line with the applicable micro-entity requirements, including the simplified format and disclosure expectations that come with this regime. Professional preparation can help ensure the accounts are put together appropriately for the company’s own circumstances, with figures supported by the underlying records and presented consistently. It can also help directors understand what information is needed, how the accounts interact with the company’s other filing obligations, and where separate tasks such as Companies House filing or a Corporation Tax Return (CT600) fit in. Eligibility for the micro-entities regime is not automatic, so the starting point is always to check whether the company qualifies and whether applying FRS 105 is the right choice.

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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 Qualifying Micro-Entities in Tyrone

FRS 105 is a UK financial reporting standard designed for companies that qualify for the micro-entities regime and choose to use it. In simple terms, it gives qualifying micro-entities a simpler way to prepare their annual financial statements, with a reduced set of disclosures compared with larger reporting frameworks. If your company is in Tyrone and the micro-entities regime is selected, FRS 105 applies to those accounts. The accounts still need to be accurate, complete and based on the company’s records; the difference is that the reporting requirements are tailored to the size and circumstances of a micro-entity. Choosing FRS 105 is not automatic just because a company is small. The directors need to confirm that the company meets the relevant qualifying conditions and that the regime is suitable. Once that is established, FRS 105 Micro Entity Accounts can provide a clear, proportionate way to report the company’s financial position and performance.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Tyrone Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. For companies in Tyrone, that means considering both the size conditions and any other rules that affect eligibility. 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. Meeting those size conditions is a key part of the picture, but it does not automatically guarantee eligibility. Other rules and exclusions can apply, and the company must also decide to use the micro-entities regime. If it qualifies and chooses that regime, FRS 105 applies; otherwise, a different accounting framework may be needed. Checking eligibility before preparing FRS 105 Micro Entity Accounts helps avoid assumptions and keeps the reporting approach appropriate for the company.

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 Tyrone

Professionally prepared FRS 105 Micro Entity Accounts are built from the company’s financial records and prepared with the applicable reporting requirements in mind. That typically means bringing together information such as income, expenses, assets, liabilities, and any other relevant transactions, then presenting the financial statements in the format required for a qualifying micro-entity that has chosen the micro-entities regime. The preparation of the financial statements and any Companies House filing are separate from the company’s Corporation Tax obligations. A Corporation Tax Return (CT600) is submitted to HMRC and is not the same thing as the FRS 105 accounts, even though the figures in the accounts may help inform the tax position. Professional support can help directors work through the information needed, keep the accounts consistent with the underlying records, and understand the distinction between annual accounts, confirmation statements, and tax filings. It does not replace the need for the company to meet its own filing and tax responsibilities.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Tyrone

If you need support with FRS 105 Micro Entity Accounts in Tyrone, the next step is to discuss your company’s circumstances. We can talk through whether the micro-entities regime may be relevant, what information you already have, and what may still be needed to prepare the accounts. Providing details such as your latest financial records, company information, and any previous accounts can help with an initial assessment. Whether you are preparing accounts for the first time or looking for help with an upcoming set of FRS 105 accounts, a clear conversation can help you understand the process and the information required. Get in touch to discuss your requirements and to find out how professional preparation could fit around your company’s reporting needs.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It sets out how those companies prepare their annual financial statements, with simplified requirements and fewer disclosures than larger reporting frameworks. If the micro-entities regime is selected, FRS 105 applies to the accounts for that period. It is an accounting framework, not a tax return.

Who can use FRS 105?

FRS 105 is intended for UK 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 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 those size conditions alone does not automatically mean a company can use FRS 105. The company must also be eligible under the wider rules and choose the regime.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a compulsory one for every company that might meet the size conditions. A qualifying company can choose whether to apply it, provided the relevant rules are met. If the company chooses the micro-entities regime, FRS 105 applies. If it does not, another applicable framework such as FRS 102 may be relevant. The choice should be considered alongside the company's circumstances and reporting needs.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are generally: 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. A company generally needs to meet at least 2 of those 3 conditions. That is only part of the picture: other eligibility rules and exclusions can apply, and the company must also choose to apply the micro-entities regime. Earlier accounting periods may be subject to different thresholds, so the relevant period should always be checked.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a broader UK financial reporting standard used by many companies, while FRS 105 is specifically for qualifying micro-entities that choose the micro-entities regime. FRS 105 generally involves simpler measurement and fewer disclosure requirements, reflecting the smaller size of the companies it is designed for. FRS 102 can apply to a wider range of companies and typically requires more detailed disclosures. The right framework depends on eligibility, the regime chosen, and the company's particular circumstances.

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

FRS 105 accounts are the company's annual financial statements prepared under the micro-entities regime, and micro-entity accounts are typically filed with Companies House as part of the company's annual accounts filing obligations. The exact filing requirements depend on the company and the period. Filing accounts with Companies House is separate from filing a Corporation Tax Return with HMRC, and it is also separate from the Confirmation Statement. Directors remain responsible for making sure the company meets its filing obligations.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime. A Corporation Tax Return (CT600) is a separate filing submitted to HMRC to report the company's Corporation Tax position. The two are connected because the accounts figures often help inform the tax return, but they are not the same document and they are filed with different bodies for different purposes. Preparing FRS 105 accounts does not replace the need to deal with Corporation Tax.

Can a new limited company use FRS 105?

A newly formed limited company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it for the relevant accounting period. There is no special exemption simply because the company is new: the usual eligibility conditions and any other relevant rules still need to be considered. In practice, a new company will also need to keep clear financial records from the start so that its first set of accounts can be prepared properly. Directors should confirm eligibility and the chosen accounting framework before preparing FRS 105 Micro Entity Accounts.