─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in West Malling

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, a simplified accounting framework available to companies that qualify for it and choose to apply it. For a West Malling company that meets the relevant criteria, FRS 105 can mean shorter, more straightforward financial statements than those prepared under a fuller reporting framework — typically a simpler balance sheet, limited notes and a streamlined profit and loss account. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, are presented in line with the applicable reporting requirements, and are consistent with the information you file at Companies House. It also gives you a clear record of your position that you can use for your own decision-making. Eligibility is not automatic: it depends on your company’s size, its legal form and whether any exclusions apply, so the sensible starting point is a conversation about your circumstances rather than an assumption that the micro-entities regime applies.

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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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities — the smallest category of company covered by the UK’s micro-entities regime. In plain terms, it is a simplified set of accounting rules that qualifying companies can choose to use when preparing their annual financial statements. Under FRS 105, the accounts are usually much shorter than under a fuller framework: the balance sheet is prepared on a simplified basis, the notes are limited, and there is less disclosure overall. That can make the accounts easier to read and less costly to prepare, which is often exactly what the owner of a very small company wants. The important point is that the micro-entities regime is a choice available to qualifying companies, not an automatic label. FRS 105 applies when a company both qualifies for the regime and decides to use it; a company that qualifies may still choose to report under a different standard, and a company that does not qualify cannot use FRS 105. If you run a small company in West Malling and want to know whether FRS 105 Micro Entity Accounts are the right fit, an adviser can look at your turnover, balance sheet and employee numbers alongside the wider eligibility rules and explain your options clearly.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then 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. Those figures give you a useful starting point, but they are not the whole test. The micro-entities regime also carries its own rules and exclusions, and some companies are not eligible regardless of size — for example where the entity is of a type that falls outside the regime. That means meeting the size conditions does not automatically guarantee eligibility, and it certainly does not mean FRS 105 is compulsory if you do qualify. The right approach is to look at your company’s legal form, its financial year, its figures and its wider circumstances together, then decide whether the micro-entities regime is available and whether applying it makes sense for you. If you are unsure where your West Malling company stands, it is worth having that checked before the accounts are prepared.

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

Preparing FRS 105 Micro Entity Accounts is not simply a case of filling in a template. The figures need to be built up from your accounting records, checked for consistency, and presented using the recognition and measurement rules that apply under FRS 105, with the disclosure requirements that go with the micro-entities regime. A professional preparer will work from your bookkeeping, bank records, invoices, expense records and any other supporting information to produce financial statements that reflect what actually happened in the period. It is worth being clear about how the different obligations fit together: your FRS 105 financial statements are the accounts prepared under the micro-entities regime, filing those accounts with Companies House is a separate step, and your Corporation Tax Return (CT600) is a separate submission made to HMRC for corporation tax purposes. They are connected in the sense that they draw on the same underlying records, but they are distinct requirements with their own rules. Getting the accounts prepared properly — rather than bolting them together at the last minute — usually makes the whole process smoother and leaves you with figures you can genuinely rely on.

ICAEW

ACCA

AAT

Need Help With Your FRS 105 Micro Entity Accounts in West Malling?

If you would like to discuss your FRS 105 Micro Entity Accounts, get in touch and tell us a little about your company. It helps to have your latest accounts or trial balance, your bookkeeping or accounting records for the period, details of any assets and liabilities, and a rough idea of your turnover and employee numbers — that is usually enough for us to start assessing whether the micro-entities regime looks suitable for you. We can talk through what is involved, explain the difference between your accounts, your Companies House filing and your Corporation Tax Return (CT600), and answer any questions you have before you decide how to proceed. There is no obligation, and no assumption that FRS 105 is the right answer for every company — the aim is simply to give you clear information so you can make a confident decision about your FRS 105 Micro Entity Accounts.

─── 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 micro-entities. It sets out simplified rules for preparing annual financial statements, including how items are recognised and measured and what disclosures are required. It exists to reduce the reporting burden on the smallest companies, so the resulting accounts are typically shorter and simpler than accounts prepared under a fuller standard.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK micro-entities regime and that choose to apply that regime. Qualifying is not the same as being required to use it, and a company that qualifies may still decide to report under a different framework. Certain entity types and circumstances are excluded, so eligibility should always be checked against your company's own position rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime, not a mandatory one. A company that qualifies for it can choose to apply FRS 105, or it can choose to prepare its accounts under a different standard where that is permitted. What matters is that the framework chosen is one the company is actually entitled to use, and that the accounts are prepared consistently on that basis.

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 the size conditions is not the end of the story — other eligibility rules and exclusions can apply, so the criteria should be considered alongside your company's specific circumstances.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller financial reporting standard used by a much wider range of UK companies, and it generally requires more detailed accounting and more extensive disclosures than FRS 105. FRS 105 is deliberately pared back to suit the smallest entities. The practical consequence is that FRS 105 accounts are usually shorter and simpler to prepare, while FRS 102 accounts give a more detailed picture and may suit companies that need, or prefer, that level of reporting.

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

Where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts form part of its annual filing obligations as a company, and filing accounts with Companies House is a separate requirement from anything submitted to HMRC. The format, content and timing of what you file depend on the rules that apply to your company, so it is worth confirming the position for your specific year end rather than working from general assumptions.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC. They are separate documents serving separate purposes, although they draw on the same underlying accounting records. Preparing the accounts first usually makes the tax return easier to put together, because the figures have already been worked through and agreed.

What information is needed to prepare FRS 105 accounts?

In most cases you will need your bookkeeping or accounting records for the period, bank and payment records, sales and purchase information, details of any assets, liabilities and loans, and information about directors or shareholders where relevant. Your previous year's accounts are also useful as a starting point. For a West Malling company, having these items reasonably organised before work begins usually makes preparing FRS 105 Micro Entity Accounts quicker and reduces the number of queries that come back to you.