─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in West Byfleet

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the reporting standard that applies when a qualifying micro-entity prepares its annual accounts under that regime, and it is designed to keep financial statements straightforward, proportionate and genuinely useful to the people who read them. For directors running a small company in West Byfleet, the practical benefit is a simpler set of accounts that reflects the company’s circumstances without unnecessary complexity. Professional preparation helps ensure the accounts are put together properly from your records, that the figures are presented consistently, and that the financial statements are ready to be considered alongside your other filing and tax obligations. Eligibility is not automatic — a company must meet the relevant size conditions and apply the rules and exclusions correctly — so it is worth reviewing your position before deciding that FRS 105 Micro Entity Accounts are the right route for your business.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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 in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook a very small company follows when it prepares its annual accounts under the micro-entities regime — the lightest-touch accounting framework available for qualifying UK companies. Where a company qualifies for that regime and decides to use it, FRS 105 applies, and the resulting financial statements are prepared on that basis rather than under a fuller standard. The idea behind it is proportionality: instead of applying the same reporting requirements as a much larger business, a micro-entity can present accounts in a more concise form, with simpler measurement and disclosure requirements that still give a fair picture of the company’s position. That does not mean the accounts are informal or optional in any way — they are still the company’s statutory accounts, and they still need to be prepared accurately and consistently. Choosing the micro-entities regime is a decision for the directors, and it is worth confirming that your company meets the conditions before you rely on FRS 105 Micro Entity Accounts for the year.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then decide to apply it. Both parts matter: qualification and choice. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. Those conditions are the headline test, but they are not the whole story. Other eligibility rules and exclusions can apply depending on the type of company and its activities, and some companies are not able to use the regime regardless of their size. This means that falling within the size thresholds does not automatically guarantee eligibility, and it is important to check the specific position rather than relying on the numbers alone. For directors of a small company in West Byfleet, reviewing eligibility properly at the outset is what makes sure FRS 105 Micro Entity Accounts are an appropriate choice and that the accounts are prepared on the correct basis for the year.

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 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, sales and purchase information, asset details and any relevant notes about the year. From that information, the financial statements are built: a balance sheet, a profit and loss account, and the small number of disclosures that the micro-entities regime requires. The value of professional preparation is consistency and care. It is about presenting the numbers in the correct format, applying the framework to the transactions you have actually made, and making sure the accounts read sensibly alongside the rest of your company’s affairs. It is also important to keep the different obligations separate. Preparing and filing the annual accounts with Companies House is one exercise; submitting a Corporation Tax Return (CT600) to HMRC is a separate one, dealt with under tax rules rather than the accounting framework. FRS 105 Micro Entity Accounts are the financial reporting side of the picture, and they are often used as the starting point for the tax work that follows. A Confirmation Statement is separate again and is not part of the accounts. Working with an experienced preparer helps you keep each of those strands clear and handled in the right place.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in West Byfleet

If you would like support with your FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your company. Tell us about your trading year, how your records are kept, whether you have already used the micro-entities regime, and what you need to file or use the accounts for. That gives a clear picture of your circumstances so we can explain how FRS 105 Micro Entity Accounts would work for you, what information is needed, and how the preparation and filing process fits around your other obligations, such as your Corporation Tax Return. Get in touch to discuss your requirements and find out what a clear, well-prepared set of accounts looks like for your business.

─── 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 is a simplified accounting framework, designed so that a qualifying micro-entity can prepare statutory accounts that are proportionate to the size and complexity of the business, instead of applying the fuller reporting requirements that larger companies follow.

Who can use FRS 105?

FRS 105 is for companies that qualify for the UK micro-entities regime and choose to apply it. Meeting the size conditions is the starting point, but other eligibility rules and exclusions can affect whether the regime is available to a particular company. Because the tests look at the company's circumstances over the period, the position should be reviewed rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic one. A qualifying company can choose whether to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to prepare accounts under a fuller standard, so it is a decision worth taking deliberately rather than by default.

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 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 conditions sit alongside other rules and exclusions, so meeting two of the three does not by itself guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by a much wider range of UK companies and includes more detailed recognition, measurement and disclosure requirements. FRS 105 is the micro-entities standard and is far more concise, with simpler reporting and fewer disclosures. The right framework depends on whether the company qualifies for the micro-entities regime and which regime the directors choose to apply.

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

Where a company applies the micro-entities regime, its annual accounts are prepared under FRS 105 and are then filed with Companies House in the usual way, in the format permitted for micro-entity accounts. Filing accounts is not the same as filing a Corporation Tax Return, and Companies House does not approve, endorse or review the accounts as part of that process.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the accounting framework and used for the annual accounts filing. A CT600 is a Corporation Tax Return submitted to HMRC under tax rules. The accounts often provide the figures that feed into the tax return, but the preparation and submission of each are separate exercises.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank and finance statements, sales and purchase information, details of any assets and liabilities, and information about share capital and any loans or dividends. It also helps to know how the previous year's accounts were prepared, so the figures can be presented consistently from one period to the next.