─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Upton St Leonards

FRS 105 Micro Entity Accounts are the financial statements prepared under the UK micro-entities regime for companies that qualify for it and choose to apply it. In Upton St Leonards and across the surrounding area, we help directors understand whether the micro-entities regime is likely to suit their company, then prepare FRS 105 financial statements that reflect the company’s own records and circumstances. The framework is deliberately streamlined, but it still requires care: the balance sheet, the notes and the disclosures must be presented in line with the standard, and the figures need to tie back to the underlying bookkeeping. Professional preparation can help ensure that the accounts are consistent, clearly presented and prepared on the correct basis, so that filing with Companies House is handled as a separate, properly organised task from the company’s Corporation Tax obligations.

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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: The Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it is a simplified set of rules for preparing annual accounts. Rather than the fuller measurement and disclosure requirements found in other frameworks, FRS 105 keeps things lean: it focuses on a concise balance sheet, a small number of notes, and a historical cost basis, which means no revaluations or fair value accounting. For a director of a small company in Upton St Leonards, that can mean less complexity and a shorter set of financial statements. Two points are worth being clear about. First, the micro-entities regime is an option available to companies that qualify — not something every small company is automatically entitled to use. Second, FRS 105 applies when that regime is chosen. If a company prefers the wider disclosure and measurement options of another framework, that choice is made separately. We explain which framework fits your circumstances before any accounts are prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is a two-part test in practice: the company must meet the size conditions, and it must then choose the regime. For accounting periods beginning on or after 6 April 2025, a company will generally need 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. Newly incorporated companies, companies whose figures fluctuate, and groups all need to look at this carefully, because additional rules and exclusions can apply. Falling within the size thresholds does not, on its own, guarantee that a company is eligible to use FRS 105, and some companies are excluded regardless of size. Directors in Upton St Leonards should therefore treat the criteria as a starting point and confirm the position for their own accounting period before deciding which framework to adopt.

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

Preparing FRS 105 accounts starts with the company’s financial records: the bookkeeping, bank transactions, sales and purchase information, payroll details, and the assets and liabilities held at the period end. From those records we build financial statements that are consistent with FRS 105 and appropriate to the company’s size, activity and history. That includes getting the balance sheet to agree, preparing the limited disclosures the standard requires, and making sure the accounts read clearly for directors, lenders and anyone else who uses them. It is important to keep the two main filing strands separate. The accounts themselves are the financial statements prepared under the chosen framework and, for a limited company, are normally filed with Companies House. Corporation Tax is a different matter entirely: a CT600 is submitted to HMRC and deals with the company’s tax position, even though it will often draw on the same underlying figures. We can help with both, but they are distinct pieces of work with distinct purposes, and we prepare accounts on the basis of the information and instructions provided.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Upton St Leonards

If you are unsure whether FRS 105 Micro Entity Accounts are the right fit for your company, or you simply want the preparation handled properly, get in touch. Tell us a little about your company — its trading activity, its accounting period, who currently keeps the records, and what you have filed previously — and we can assess your circumstances and explain the options clearly, including how the micro-entities regime compares with other frameworks. We work with directors in Upton St Leonards and further afield, offering straightforward, transparent pricing and a sensible, unhurried conversation about what your company actually 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 that applies to companies using the micro-entities regime. It provides a simplified basis for preparing annual accounts, built around a concise balance sheet, a small number of notes and a historical cost approach. That means assets are generally not revalued and fair value accounting is not used, keeping the financial statements shorter and more straightforward than those prepared under fuller frameworks.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. For accounting periods beginning on or after 6 April 2025, a company will generally need 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. Meeting those size tests is not automatically the whole story — other eligibility rules and exclusions can apply, so the position should be checked for your specific company rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an accounting regime that is available to qualifying companies; it is not imposed on them. A company that qualifies may choose to apply it, and FRS 105 is the standard that applies when that choice is made. Some companies deliberately opt for a different framework because they want wider measurement or disclosure options, or because a lender or investor has asked for something more detailed. The decision is yours, provided the eligibility conditions are met.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard used by a wide range of companies, offering more measurement options and requiring fuller disclosures. FRS 105 is a narrower, simplified framework that exists specifically for the micro-entities regime. Under FRS 105 the accounts are typically shorter, the notes are fewer, and the measurement basis is more restricted — for example, revaluation and fair value accounting are not available. The framework you use affects what appears in your financial statements and how much detail is disclosed, so it is worth choosing deliberately rather than by default.

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

Accounts prepared under FRS 105 are still the company's statutory accounts, so for a limited company they will normally need to be filed with Companies House, subject to the filing requirements that apply to that company. Preparing the accounts and filing them are two connected but separate steps. Companies House does not review or approve accounts in the sense of endorsing their accuracy — responsibility for the accounts rests with the directors, which is one reason careful preparation matters.

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

Yes, they are separate. FRS 105 accounts are the financial statements prepared under the micro-entities regime, and they form the basis of the company's statutory reporting. A CT600 is a Corporation Tax Return submitted to HMRC and deals with the company's tax position and liabilities. The figures in the two documents are closely related, since the accounts usually inform the tax return, but they are different documents prepared for different purposes and submitted to different bodies. Timelines and submission methods differ too, so it pays to plan for both.

What information is needed to prepare FRS 105 accounts?

In most cases we will ask for the accounting records covering the period, including bank statements and reconciliations, sales and purchase records, expense receipts and supporting documents, payroll and employee information, and details of any loans, share capital, fixed assets and other balances held at the period end. If there are prior year accounts, or a previous accountant's file, those help establish consistency. The clearer and more complete the records, the more straightforward the preparation tends to be, and any gaps are best flagged early.

What changes are coming to micro-entity accounts filing?

Filing requirements at Companies House are evolving, including a move towards filing accounts through software and greater visibility of certain information for small and micro-entity companies. Because the detail and timing of these changes can shift, it is sensible to confirm the current position before you file rather than relying on how things worked in previous years. We keep the practical side of filing under review and will talk you through what applies to your company's particular period.