─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Warlingham

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, which is a simplified accounting framework available to qualifying UK companies. If your company meets the relevant size conditions and chooses to apply that regime, FRS 105 provides the basis on which your annual accounts are prepared. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, use the disclosure and measurement simplifications the framework allows, and are presented appropriately for your company’s individual circumstances. For directors in Warlingham and the surrounding Surrey area, this means accounts that are clear to read, consistent with the underlying bookkeeping, and prepared with a proper understanding of what FRS 105 does and does not permit. It is worth noting that FRS 105 is not a universal route for all small companies — eligibility depends on the size conditions being met and on no relevant exclusion applying — so it is sensible to confirm your position before the accounts are prepared.

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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  
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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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 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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 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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 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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 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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 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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Regime in Plain English

FRS 105 is a UK financial reporting standard written specifically for micro-entities — the smallest companies within the UK’s company size framework. Rather than being a set of rules that every small company must follow, it sits alongside the broader micro-entities regime. A company that qualifies for that regime can choose to apply it, and where that choice is made, FRS 105 is the standard used to prepare the annual financial statements. In practical terms, FRS 105 allows a simpler approach to measuring and presenting figures than the fuller standards used by larger companies. It is built around the idea that the shareholders and directors of a very small company need concise, understandable accounts rather than extensive notes. If you run a qualifying company in Warlingham, understanding this distinction matters: the micro-entities regime is an available option, and FRS 105 applies when that option is taken up. It is not an automatic label applied to every small company, and the choice should be made with your circumstances in mind.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for UK companies that qualify for the micro-entities regime and then choose to apply it. Qualification is not simply a matter of being small — it depends on the applicable size conditions for the accounting period in question. 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 conditions is an important part of the picture, but it is not the whole test. Other eligibility rules and exclusions can apply, and certain companies may be prevented from using the regime regardless of size. That is why the sensible approach is to assess your company’s position individually rather than assuming FRS 105 applies. For directors in Warlingham considering FRS 105 Micro Entity Accounts, confirming eligibility and making a deliberate choice about the regime is the first practical step.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records — bank transactions, sales and purchase information, payroll details, asset records and any balances owed to or by the company. From there, the accounts are built using the measurement and disclosure requirements that apply under FRS 105, and presented in a format suitable for a micro-entity. An important distinction for directors is that the annual accounts and the company’s Corporation Tax position are separate matters. FRS 105 governs how the financial statements are prepared; the Corporation Tax Return (CT600) is a separate submission made to HMRC, and a Confirmation Statement is a further, different filing altogether. Professional preparation of FRS 105 Micro Entity Accounts in Warlingham focuses on producing financial statements that are internally consistent, based on the information provided, and ready for the directors to review and approve before filing with Companies House by the applicable statutory deadline.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Warlingham

If you would like support with your FRS 105 Micro Entity Accounts, the best starting point is a conversation about your company. Tell us about your trading activity, your accounting period, your current bookkeeping arrangements and how your records are kept, and we can consider whether the micro-entities regime is likely to be relevant to you. It also helps to share details of any changes during the year — new assets, loans, director transactions or a shift in turnover — as these can affect how the accounts are put together. We can then explain the information needed to prepare your FRS 105 Micro Entity Accounts, the options available to you, and how the accounts sit alongside your other filing and tax obligations. Get in touch to discuss your requirements and the next practical 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 that applies to companies using the micro-entities regime. It sets out how a qualifying micro-entity measures and presents its annual financial statements, and it is deliberately more streamlined than the standards used by larger companies. Where a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 is the framework used to prepare the accounts.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 Micro Entity Accounts are available to companies that qualify for the micro-entities regime and decide to apply it. Qualification is based on size conditions plus the wider eligibility rules, which include certain exclusions. Meeting the size thresholds on their own does not automatically confirm eligibility, so it is worth checking your specific circumstances — particularly if your company has any unusual structures, activities or group relationships.

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 can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies instead prepare accounts under a fuller standard because of the way they report, what their lenders or investors expect, or simply by preference. The decision should be made deliberately rather than assumed.

What are the micro-entity eligibility criteria for accounting periods beginning on or after 6 April 2025?

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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. These are the headline size conditions, and other rules and exclusions can still affect whether the micro-entities regime is available. Different limits have applied to earlier accounting periods.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the standard for micro-entities and is the more simplified of the two. FRS 102 is the fuller UK standard used by a much wider range of companies, including small companies that do not use the micro-entities regime. FRS 105 offers a lighter approach to measurement and disclosure, while FRS 102 generally requires more detail and gives more accounting options. Which standard applies depends on the regime your company qualifies for and chooses to use.

Do FRS 105 accounts need to be filed with Companies House, and is a Corporation Tax Return (CT600) separate?

Yes — where a company prepares FRS 105 Micro Entity Accounts, those financial statements are used for the company's annual accounts filing with Companies House, subject to the normal filing requirements and deadlines. A Corporation Tax Return (CT600) is a separate matter: it is a tax filing submitted to HMRC and is not the same document as the statutory accounts. A Confirmation Statement is a further, different filing again. Keeping these three obligations clearly separated helps avoid confusion.

What information is needed to prepare FRS 105 accounts?

Typically, you will need complete records for the accounting period: sales and purchase information, bank and cash records, payroll details, details of assets owned or disposed of, loan and finance arrangements, stock or work in progress where relevant, and any amounts owed to or by the company. Opening balances from the previous year, together with any prior-year accounts, are also useful. The more complete and organised the records, the more straightforward the preparation process tends to be.

Can a new limited company in Warlingham use FRS 105?

A newly incorporated company is not automatically a micro-entity simply because it is new. In its first period of trading it may well fall within the size conditions, but eligibility depends on the applicable rules for that period and on whether any exclusion applies. It is usually a good idea to consider the position early in the company's life, since the accounting framework chosen affects how the first set of accounts is put together.