─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Weobley

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and it is the simplest set of accounts a UK company can generally prepare and file. For directors in Weobley running a small limited company, FRS 105 Micro Entity Accounts can mean shorter financial statements, a reduced disclosure burden and a clearer picture of the company’s position without unnecessary complexity. Professional preparation helps ensure those accounts are put together appropriately for your company’s own circumstances — its trading activity, its accounting records, any transactions that need particular care, and the reporting requirements that apply to it. Eligibility is not automatic, so it is worth confirming that your company qualifies for the micro-entities regime and that applying it is the right choice before the accounts are prepared.

🔥 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 It Means for Your Micro-Entity

FRS 105 is the UK financial reporting standard written specifically for companies that qualify for the micro-entities regime. In plain terms, it is the rulebook a qualifying company follows when it prepares its annual accounts under that regime — and because the micro-entities regime is optional, a qualifying company can choose whether to apply it. When that choice is made, FRS 105 applies, and the company prepares simpler financial statements than it otherwise would under a fuller framework such as FRS 102. FRS 105 accounts typically focus on a small number of core statements, with fewer notes and disclosures, which keeps the reporting process proportionate to the size and complexity of a micro-entity. The trade-off is that the accounts must still be prepared correctly, using the company’s actual records and the recognition and measurement rules that FRS 105 sets out. For a Weobley-based director, understanding whether FRS 105 Micro Entity Accounts suit your company is the starting point — the next step is preparing them accurately.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the 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 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 conditions does not, on its own, guarantee eligibility. Other rules and exclusions can apply — some company types cannot use the regime at all, and particular circumstances may affect whether it is available or appropriate. Different conditions applied to earlier accounting periods, so the relevant period matters. If your company is based in or around Weobley and you think FRS 105 Micro Entity Accounts may be suitable, the sensible approach is to review your company’s position against the current rules before deciding, rather than assuming the size tests alone settle the question.

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

Properly prepared FRS 105 Micro Entity Accounts start with your company’s own financial records — bookkeeping, bank transactions, sales and purchase information, payroll details and any asset or liability records you hold. Those records are then used to build financial statements that follow the FRS 105 framework, reflecting the company’s circumstances rather than a generic template. It is important to keep two things separate in your mind: the preparation and filing of the accounts themselves, and your company’s Corporation Tax obligations. The financial statements are filed with Companies House, while a Corporation Tax Return (CT600) is a separate submission made to HMRC, along with a Confirmation Statement, which is a further and distinct filing requirement. We prepare FRS 105 Micro Entity Accounts on the basis of the information you provide and the reporting requirements that apply to your company, and we will explain what has been produced and why, so you can review it before it is finalised.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you would like help with FRS 105 Micro Entity Accounts in Weobley, get in touch and tell us about your company. Sharing a little about your trading activity, your accounting records and how you currently keep your books is usually enough for us to assess your circumstances and explain the options open to you. We can talk through whether the micro-entities regime appears to suit your company, what information we will need to prepare the accounts, and how the accounts fit alongside your other filing responsibilities. There is no obligation to proceed — a straightforward conversation is often the quickest way to get clarity.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It sets out how those companies prepare their annual financial statements, allowing a simpler format with fewer disclosures than a fuller framework such as FRS 102. It is an accounting and reporting framework — it is not a tax return and it does not replace your other filing obligations.

Who can use FRS 105?

FRS 105 is available to UK companies that meet the micro-entity eligibility conditions and decide to apply the micro-entities regime. Qualifying is not the same as being required to use it — the regime is a choice. Certain company types and circumstances are excluded or restricted by the relevant rules, so eligibility should be checked against your company's specific position rather than assumed from its size alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. A company that qualifies may still choose to prepare accounts under a different framework, depending on its needs — for example if it wants to present more detail, if it has arrangements that are better reflected under a fuller standard, or if a lender or investor has asked for it. The important point is that FRS 105 applies when the micro-entities regime is chosen.

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 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 conditions is not the whole picture — other rules and exclusions can apply, and different conditions apply to earlier accounting periods, so eligibility should be confirmed for the period in question.

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. FRS 105 is the micro-entities standard and is deliberately streamlined, with a simplified format and limited disclosure. FRS 102 is used more widely, including by small companies that do not apply the micro-entities regime, and it generally requires more detailed recognition, measurement and disclosure. Choosing between them depends on whether your company qualifies for the micro-entities regime and whether applying it suits your circumstances.

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

Yes — for a limited company, the annual accounts are filed at Companies House, and where the micro-entities regime has been applied those accounts will have been prepared under FRS 105. Filing the accounts is a separate process from dealing with Corporation Tax, and separate again from the Confirmation Statement. The accounts, the Corporation Tax Return (CT600) and the Confirmation Statement each serve a different purpose and have their own requirements.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the FRS 105 framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. Although the two are related — the accounts usually form the starting point for the tax computation — they are prepared for different authorities and are not the same document.

What information is needed to prepare FRS 105 accounts?

In most cases we need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, payroll information, and records of any assets, loans or other balances the company holds. It also helps to know about anything unusual during the period, such as a new loan, a significant purchase, or a change in how the company trades. If your records are incomplete, tell us — the earlier we know, the more straightforward it is to work out what is needed.

Can a new limited company use FRS 105?

A newly incorporated company can potentially apply the micro-entities regime for its first accounting period if it meets the eligibility conditions and chooses to do so. It is worth looking at the position early, because the framework chosen affects how the first set of accounts is put together, including how transactions are recorded and what disclosures are included. A short discussion before the first year end usually saves time later.