─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Westcliff-on-Sea: Clear, Reliable Reporting for Qualifying Micro-Entities

FRS 105 provides the financial reporting framework that applies to qualifying micro-entities which choose to apply the UK micro-entities regime. If your company meets the relevant eligibility conditions and the directors decide to use that regime, your annual accounts are prepared under FRS 105, producing a simpler set of financial statements with a reduced set of disclosures. Professional preparation helps ensure your FRS 105 Micro Entity Accounts in Westcliff-on-Sea are built accurately from your company’s records, reflect the transactions and balances that genuinely matter, and are presented in a way that suits your company’s circumstances rather than being squeezed into a generic template. Meeting the size thresholds does not automatically mean a company qualifies, and applying the regime is a decision for the directors — so it is worth reviewing your position before the accounts are prepared. We work with directors and business owners across Westcliff-on-Sea and the surrounding Essex area to prepare FRS 105 accounts that are clear, consistent and ready for the next stage of your reporting.

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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.
  
 
      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.
  
 
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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.
  
 
      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 — formally, the Financial Reporting Standard applicable to the Micro-entities Regime — is the UK accounting standard written specifically for the smallest companies. In plain terms, it is the rulebook used to prepare financial statements when a company qualifies for the micro-entities regime and chooses to apply it. Compared with fuller standards, FRS 105 keeps things deliberately streamlined: the accounts focus on a concise balance sheet, a small number of notes, and simpler measurement rules, which makes the reporting process lighter for owner-managed businesses. It is a decision rather than an automatic default — a qualifying company can apply the micro-entities regime, and FRS 105 is the standard that then applies. Where a company instead reports under a different framework, different rules and disclosures come into play. Understanding which framework applies to your company is the starting point for tidy, dependable FRS 105 Micro Entity Accounts in Westcliff-on-Sea, and it shapes everything from how figures are measured to what appears in the notes.

Who Can Use FRS 105 in the UK? Eligibility and the Micro-Entities Regime

FRS 105 is designed for UK companies that qualify for the micro-entities regime and decide to apply it. Eligibility is not just about size. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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. On top of those size conditions, further eligibility rules and exclusions can rule a company out, so meeting the thresholds does not guarantee that the regime is available. If your company does qualify, applying the regime is still a choice — FRS 105 applies when that regime is chosen, and a qualifying company may instead report under another framework. For directors in Westcliff-on-Sea, the practical step is to review your company’s circumstances and confirm the position before FRS 105 Micro Entity 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 Accounts and Accurate Financial Reporting

FRS 105 accounts are prepared from your company’s financial records — bank transactions, sales and purchase information, payroll details, and asset and liability balances — and presented in line with the reporting requirements that apply to the micro-entities regime. The aim is accurate, consistent financial reporting that reflects what actually happened in the period. Professional preparation means the figures are organised properly, the balance sheet balances, comparatives are handled correctly, and the resulting financial statements are suitable both for the directors’ own purposes and for the company’s Companies House filing. It is important to keep that filing separate from Corporation Tax obligations: the accounts filed at Companies House and the CT600 submitted to HMRC are distinct requirements, even though both draw on the same underlying records. Having one adviser look at both can reduce duplication and help keep the story consistent, but they remain separate processes. We do not claim guaranteed compliance or guaranteed acceptance of any filing — we prepare the accounts carefully, on the basis of the information provided and the requirements that apply.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Westcliff-on-Sea

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on a sound footing, get in touch. Tell us about your company — what it does, how it is structured, your accounting period and the records you hold — and we can talk through the options and what is needed to move forward. We work with companies in Westcliff-on-Sea and the surrounding area, offering clear, transparent pricing and a straightforward process. There is no obligation: a short conversation is often enough to establish whether FRS 105 is the right framework for your circumstances, or whether a different basis of reporting would serve you better.

─── 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 the financial statements are measured and presented, and it is deliberately simpler than the fuller standards used by larger companies. If a company qualifies for the micro-entities regime and chooses to apply it, FRS 105 is the framework used to prepare its annual accounts. In practice that usually means a concise balance sheet, a limited number of notes, and fewer of the disclosure requirements that apply under other frameworks.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK rules and that choose to apply the micro-entities regime. Qualification depends on the size conditions and on a set of eligibility rules and exclusions — certain types of company and certain entities are not eligible. Qualifying is not the same as being required to use it: the regime is an option available to companies that meet the conditions.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is a choice. A company that qualifies may apply it, and FRS 105 then applies to its accounts — but a qualifying company can also choose to report under a different framework, such as FRS 102, if that better suits its circumstances or the needs of the people using the accounts. Many owner-managed companies find FRS 105 appealing because it is simpler, but the decision rests with the directors.

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 these 3 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 are size conditions only. Other rules and exclusions also apply, so a company that meets the thresholds is not automatically eligible, and the directors still need to decide whether to apply the regime.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 102 is the standard used by most companies that are not micro-entities, and it includes more extensive measurement rules and disclosure requirements. FRS 105 is tailored to the micro-entities regime and strips the reporting back to a simpler set of financial statements. Choosing between them is really about which framework a company is eligible for and which one best serves how the accounts will be used.

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

Where a company is required to file annual accounts, those accounts are filed at Companies House, and that filing is separate from the company's Corporation Tax obligations. A CT600 is a Corporation Tax Return submitted to HMRC and is not the same document as the accounts, even though both are based on the company's financial records. Requirements and deadlines depend on the company's circumstances, so it is worth checking the current position for your accounting period.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and the directors choose to apply it. In a first accounting period, eligibility is assessed according to the rules that apply to new companies, which are not always identical to those for an established trading company. It is worth confirming the position early, because the framework chosen affects how the accounts are prepared from the outset.

What information is needed to prepare FRS 105 accounts?

Typically we need the company's accounting records for the period — bank statements and transaction listings, sales and purchase information, payroll and employee details where relevant, and details of any assets and liabilities. The previous year's accounts or opening balances, along with company details such as the registered number, accounting period and any changes to share capital, also help. Where bookkeeping has been maintained through the year, the process is usually smoother.