─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wareham: Clear, Professional Financial Reporting

FRS 105 Micro Entity Accounts in Wareham are prepared under the UK financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. Not every small company qualifies, and eligibility depends on the size criteria and other rules in force for the accounting period. Professional preparation can help ensure the accounts are based on the company’s financial records, reflect its circumstances, and are presented in line with the chosen regime. We can review your position, prepare the FRS 105 financial statements, and explain the figures clearly before they are used for the relevant Companies House filing and internal records.

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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: The Micro-Entities Regime and Your Annual Accounts

In simple terms, FRS 105 is the UK financial reporting standard used for micro-entity accounts. It sits alongside the micro-entities regime, which is an optional accounting framework for companies that qualify. If a qualifying company chooses that regime, FRS 105 applies to its financial statements. The standard is designed to keep reporting straightforward, with simpler recognition and measurement rules and fewer disclosures than larger reporting frameworks. The result is a set of annual accounts that shows the company’s financial position and performance in a format suited to a micro-entity. For Wareham businesses, professional help can make sure the accounts are prepared consistently with the records and the regime chosen. A CT600 Corporation Tax Return is a separate filing to HMRC, as is a Confirmation Statement.

Who Can Use FRS 105 in the UK? Micro-Entity Guidance for Wareham Companies

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, the size conditions are generally a 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, with at least 2 of the 3 conditions usually needing to be met. That is only part of the picture: other eligibility rules and exclusions can apply, and the regime is optional. A Wareham company should therefore check its position for the specific accounting period before deciding whether FRS 105 Micro Entity Accounts are appropriate. We can help review the relevant facts and prepare the accounts if the regime is chosen.

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 Wareham

Professionally prepared FRS 105 Micro Entity Accounts start with accurate financial records and a clear understanding of the reporting requirements that apply to your company. We can prepare the financial statements from your bookkeeping, bank records, invoices, payroll information and asset details, then explain the figures and disclosures. The accounts are separate from Corporation Tax: the CT600 is submitted to HMRC, while the accounts may need to be filed with Companies House under the relevant company filing rules. We do not claim that Companies House or HMRC approves or endorses accounts; our role is to prepare the FRS 105 accounts properly for your circumstances and help you meet your filing obligations.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Wareham

If you need FRS 105 Micro Entity Accounts for your Wareham company, get in touch to discuss your circumstances. We can review whether the micro-entities regime may be appropriate, explain what information is needed, and provide clear, transparent pricing for preparing the accounts. Share your records, accounting period details and any questions you have, and we will help you take the next step.

─── 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-entity financial statements. It applies when a qualifying company chooses the micro-entities regime. It sets out simpler accounting and disclosure requirements than frameworks such as FRS 102, with the aim of reducing the reporting burden for eligible micro-entities. It deals with the annual accounts, not Corporation Tax or Confirmation Statements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for 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 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 tests alone does not always mean FRS 105 can be used.

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 can choose whether to apply it. If it does, FRS 105 applies to the financial statements. If it does not, another suitable framework may be used, depending on the company's circumstances and the rules in force.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions are 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. A company generally needs to meet at least 2 of these 3 conditions. There are also other rules and exclusions, and eligibility can depend on the company's structure and activities, so advice should be based on the specific company.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the standard for qualifying micro-entities that choose the micro-entities regime. It is simpler and has fewer disclosure requirements. FRS 102 is a broader UK financial reporting standard used by many other companies, including small companies that do not use the micro-entities regime. FRS 102 can involve more detailed recognition, measurement and disclosure requirements, so the right framework depends on eligibility and choice.

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

Micro-entity accounts prepared under FRS 105 are generally filed with Companies House where the company is required to file annual accounts. The filing requirement is separate from HMRC Corporation Tax filing. A company may also need to submit a CT600 to HMRC and, separately, a Confirmation Statement to Companies House. The exact filing obligations depend on the company and current rules.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC, and it can include tax adjustments that differ from the accounting figures. Preparing FRS 105 accounts does not replace the CT600, and submitting the CT600 does not replace any Companies House accounts filing requirement.

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. New companies still need to assess the size conditions and any other eligibility rules for the relevant accounting period. It is not automatic, and the first set of accounts may need particular attention. Keeping clear records from the start makes preparation more straightforward.