─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wellingborough

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the financial reporting framework that applies to companies qualifying for, and choosing to apply, the UK micro-entities regime. For a company based in Wellingborough, that means a concise, simplified set of accounts built from the company’s own financial records and presented in line with the requirements of FRS 105. Professional preparation helps to make sure the accounts reflect the company’s actual circumstances — its income, costs, assets and liabilities — rather than a generic template. It also helps to keep the figures consistent from year to year, to get the disclosure and presentation points right for a micro-entity, and to keep the accounts in a form that supports the rest of the company’s reporting. Importantly, FRS 105 is not automatic: a company must qualify for the micro-entities regime and the directors must choose to apply it. Part of the preparation process is confirming that the regime is actually appropriate before the accounts are drawn up.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard that sets out how micro-entity accounts should be prepared. It is tied directly to the UK micro-entities regime: where a company qualifies for that regime and chooses to apply it, FRS 105 is the framework used to produce its financial statements. In practical terms, it allows a much shorter and simpler set of accounts than the fuller frameworks used by larger companies — typically a concise balance sheet with limited notes, prepared on a straightforward historical cost basis, without the revaluations and wider disclosure that bigger reporting frameworks require. That matters because it keeps the numbers easy to read and the accounts quick to understand, while still meeting the requirements that apply. It is worth being clear about two things. First, micro-entity status is an option, not an obligation — a qualifying company can choose to apply the regime, or it may be better served by a different framework depending on its circumstances. Second, FRS 105 accounts are statutory accounts, not a tax return: they sit alongside, rather than replace, other filings.

Who Can Use FRS 105 in the UK? Companies That May Qualify for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it, which is why eligibility is looked at before any accounts are prepared. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of three 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. Those conditions are assessed against the company’s own figures for the relevant period, and in some cases a company may need to be assessed on a group or combined basis. The size tests are not the only consideration. Other eligibility rules and exclusions can apply, and certain companies are not able to use the micro-entities regime regardless of their size. Meeting the thresholds therefore does not automatically mean a company qualifies, and even where it does, applying the regime remains a choice rather than a requirement. For a business in Wellingborough, the sensible approach is to check the criteria against the actual numbers and circumstances, then decide whether FRS 105 Micro Entity Accounts are the right route.

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 Wellingborough

FRS 105 Micro Entity Accounts are prepared from the company’s own financial records and in line with the reporting requirements that apply to micro-entities under FRS 105. In practice, that means working through the bookkeeping and supporting documents for the period, agreeing the figures, and then presenting them in the format the standard requires — a simplified balance sheet with the limited notes appropriate to a micro-entity. It also means separating two different jobs that are sometimes muddled together. Preparing the financial statements is one task; filing the company’s annual accounts with Companies House is a separate step driven by company law rather than by FRS 105 itself. Corporation Tax obligations are separate again: a CT600 is submitted to HMRC and is not the same document as the statutory accounts, even though the two are prepared from the same underlying records. Good preparation therefore keeps the accounts, the Companies House filing and the Corporation Tax position aligned without treating them as one and the same thing.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Wellingborough

If you would like help producing your FRS 105 Micro Entity Accounts, the best place to start is a conversation about your company and how it has traded. We can look at whether the micro-entities regime is likely to be the right fit, explain what FRS 105 involves in practice, and set out what we would need from you to prepare the accounts. It helps to have your records to hand — bank statements, sales and purchase invoices, payroll and expense information, details of any assets, loans or director’s loan movements, and your previous year’s accounts if you have them. From there we can work through your circumstances and outline the options clearly, including how the accounts, your Companies House filing and your Corporation Tax position fit together. Get in touch to talk through your requirements.

─── 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 used to prepare micro-entity accounts. It applies where a company qualifies for the UK micro-entities regime and chooses to apply it, and it sets out the simplified formats, measurement rules and reduced disclosures that those accounts follow. Think of it as the rulebook for a particular style of accounts rather than a filing in itself.

Who can use FRS 105?

It is available to companies that qualify for the UK micro-entities regime and decide to apply it. Eligibility depends on size and on other conditions, and it is subject to rules and exclusions, so it is not something every small company automatically qualifies for. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of three 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.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime makes FRS 105 available — it does not force a company to use it. The choice rests with the company, and for some businesses a fuller framework such as FRS 102 may be more suitable, for example where more detailed disclosures or particular accounting treatments are wanted. If the regime is chosen, FRS 105 should then be applied properly and consistently.

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 two of three 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 conditions is not the whole story, because other eligibility rules and exclusions can apply, and different thresholds can apply to earlier periods or particular circumstances. It is worth confirming the position for your own company rather than assuming eligibility.

What is the difference between FRS 105 and FRS 102?

Both sit within UK GAAP, but they suit different companies. FRS 105 is the streamlined framework for qualifying micro-entities: simpler statement formats, fewer notes, and a more straightforward historical cost approach. FRS 102 is a fuller framework used by many small and medium-sized companies, with more extensive disclosure requirements and a wider range of recognition and measurement options. Which one applies depends on eligibility for the micro-entities regime and on the choice the company makes.

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

Limited companies generally have to file annual accounts with Companies House, and where the company prepares FRS 105 micro-entity accounts, those accounts are what get filed. The filing obligation itself comes from company law rather than from FRS 105, which is the reporting framework behind the accounts. Preparing the financial statements and submitting them are two separate steps, and both need to be handled for the period.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC, which sets out the company's taxable profits for the period. The tax return is built with reference to the accounts, but it is a different document, goes to a different authority, and has its own requirements and deadlines.

What information is needed to prepare FRS 105 accounts?

In most cases you would provide the records that underpin the figures: bank statements and reconciliations, sales and purchase invoices, payroll and expense records, details of any assets and liabilities, loan or director's loan account movements, and your previous year's accounts where they exist. Company details and confirmation of the period covered are useful too. That information allows the figures to be agreed, eligibility to be considered, and the accounts to be prepared in the right format.