─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Vale Of

FRS 105 Micro Entity Accounts give qualifying companies in Vale Of a simpler, more proportionate way to report their financial position. FRS 105 is the financial reporting standard that applies when a company qualifies for the UK micro-entities regime and chooses to use it, allowing for streamlined financial statements while still presenting a true and fair view of the business. Whether you are a sole-director company, a family-run enterprise or a small trading business, professional preparation helps make sure your FRS 105 Micro Entity Accounts reflect the transactions you have actually recorded, are presented in line with the applicable reporting requirements, and are ready for the filing obligations that follow. Eligibility is not automatic: it depends on the company’s size, on the accounting period in question and on other rules and exclusions, so the first step is always a proper look at your circumstances to confirm that the micro-entities regime is the right fit for you.

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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 the Micro-Entities Regime Means for Your Company

In plain terms, FRS 105 is the UK financial reporting standard built specifically for micro-entities. Where a company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 sets out how the annual financial statements should be prepared: a simplified balance sheet, a simplified profit and loss account and a small set of notes, with far less disclosure than the larger reporting frameworks demand. That makes the accounts quicker to produce and easier to read, which appeals to owner-managed companies in Vale Of who want clear numbers rather than a lengthy set of notes. It is important to understand the distinction between the regime and the standard: the micro-entities regime is an available accounting framework for qualifying companies, and FRS 105 is the standard that applies when that regime is chosen. Choosing it is a decision, not an automatic outcome, and certain companies are excluded from the regime altogether. It is also worth remembering that FRS 105 Micro Entity Accounts are accounts for reporting and filing purposes — they are separate from a Corporation Tax Return, which is submitted to HMRC under a different set of rules.

Who Can Use FRS 105 in the UK?

FRS 105 in the UK is designed 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, the size test generally means meeting 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 during the period. Those figures are a useful guide for companies in Vale Of weighing up their options, but they are not the whole story. Additional eligibility rules and exclusions apply, and certain types of company are not able to use the micro-entities regime regardless of their size. A company’s position can also change from one period to the next as turnover, headcount and balance sheet values move. That is why FRS 105 is best approached as a decision to be assessed rather than an assumption: confirm that your company qualifies, consider whether the simplifications suit your business, and only then apply the regime when preparing your FRS 105 Micro Entity 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 in Vale Of

Preparing FRS 105 Micro Entity Accounts is not simply a case of copying figures from your bookkeeping into a template. The numbers need to be built up from your accounting records in the correct form, with the balance sheet, profit and loss account and supporting notes presented consistently with the micro-entities regime and with the company’s own circumstances. Our work starts with your financial records — bank transactions, sales and purchase invoices, payroll information and any asset or liability details — and goes through them to produce a set of financial statements that reflects what has actually happened in the business during the period. From there, the accounts can be finalised for the company’s records and submitted to Companies House as part of the company’s annual accounts filing obligation, where applicable. It is worth being clear that this is a separate exercise from Corporation Tax: the CT600 and supporting computations are filed with HMRC independently of the accounts filed at Companies House, and the two serve different purposes. We can help with both, but they are distinct pieces of work with their own deadlines and requirements.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Vale Of

If you think your company may qualify for the micro-entities regime, or you simply want to understand whether FRS 105 Micro Entity Accounts are the right route for you, we are happy to talk it through. Tell us a little about your business — what it does, how it is structured, the accounting period you are dealing with and the records you hold — and we can look at whether the micro-entities regime is available in your case and explain what would be involved in preparing your accounts. It also helps to know what else you need, such as a Corporation Tax Return, a Confirmation Statement or general bookkeeping support, so the work can be planned sensibly around your company’s filing calendar. There is no pressure and no obligation: the aim is to give you a clear picture of your options, with straightforward pricing and a realistic view of what is required, before you decide how you would like to proceed.

─── 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 sits within the UK's micro-entities regime and sets out the simplified form of financial statements that qualifying companies can prepare when they choose to apply that regime. In practice, it means a simplified balance sheet, a simplified profit and loss account and a much shorter set of notes than you would see under larger reporting frameworks, which keeps the accounts proportionate to the size and complexity of a small company.

Who can use FRS 105?

FRS 105 is available to companies that both qualify for the UK micro-entities regime and choose to apply it. Qualifying is about size, but it is not only about size — other rules and exclusions apply, and certain types of entity cannot use the regime at all. A company also has to weigh up whether the regime suits its circumstances, for example if it has transactions or agreements that are handled differently under the micro-entities regime. In short, qualifying makes FRS 105 available as an option; it does not make it compulsory.

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 for it can choose whether to apply it. Some companies decide to use a different framework, for instance FRS 102, because of the way certain items are treated, the expectations of a lender or investor, or simply the preference of the directors. The key point is that FRS 105 applies when the micro-entities regime is chosen, not automatically the moment a company falls within the size criteria.

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 following 3 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 during the period. Meeting those size conditions is normally a starting point rather than the whole answer, because other eligibility rules and exclusions also apply, and the position can change as a company grows. Because the detail matters, it is worth checking your specific circumstances rather than assuming the regime is available.

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 and they produce different accounts. FRS 102 is the standard used by a much wider range of businesses and involves fuller recognition, measurement and disclosure requirements. FRS 105 is the micro-entities standard: it is deliberately simplified, with far fewer notes and a more straightforward presentation. The trade-off is that the micro-entities regime offers less flexibility in certain areas, so a company needs to be comfortable with those simplifications before deciding to apply it.

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

Micro-entity accounts prepared under FRS 105 form part of the company's annual accounts, and a company that prepares accounts on this basis would normally file them at Companies House as part of its annual accounts filing obligation. The accounts themselves are prepared for the company and its shareholders, and the filing step is a separate administrative action with its own deadline for the accounting period in question. If you are unsure what needs to be sent where, we can help you map out each step.

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

Yes, and it is a common point of confusion. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime and filed at Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, accompanied by tax computations based on the company's taxable profits. They use overlapping figures, but they are separate documents with separate audiences, separate rules and separate deadlines. Preparing one does not remove the need to prepare the other.

What information is needed to prepare FRS 105 accounts?

The starting point is a complete and accurate set of accounting records for the period — bank statements, sales and purchase records, payroll information, and details of any assets, loans or other balances at the period end. It also helps to have the previous year's accounts, details of any changes in share capital or directors' loans, and confirmation of the accounting period being reported on. If your bookkeeping is up to date, the process is smoother; if it is not, we can talk about bringing the records into order first so the FRS 105 Micro Entity Accounts are built on solid foundations.