─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Westhoughton
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Explained: The Micro-Entities Regime in Simple Terms
Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime
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
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
Talk to Us About Your FRS 105 Micro Entity Accounts in Westhoughton
─── 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.
FRS 105 is the UK financial reporting standard for micro-entities. It sets out how the annual accounts of a qualifying company should be prepared when that company chooses to apply the micro-entities regime. It is a simplified framework, with fewer disclosure requirements than those that apply to larger companies, and it is used for the financial statements of the company rather than for tax filings.
FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not the same as being required to use it — a company that meets the size conditions may still prepare its accounts under a different framework. Certain company types and circumstances can be excluded from the regime, so eligibility should always be checked against the specific rules rather than assumed from size alone.
No. The micro-entities regime is an available accounting regime, not a compulsory one. Where a company qualifies and decides to apply the regime, FRS 105 is the standard that applies to its accounts. A qualifying company is free to use a different reporting framework instead, and the choice can affect how the accounts look and what is disclosed.
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. Meeting those size conditions is not the whole picture — other rules and exclusions can apply, and some companies are not eligible for the micro-entities regime regardless of their size.
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 narrower set of disclosures than the larger frameworks. FRS 102 is used more widely across small and medium-sized entities and generally involves fuller recognition, measurement and disclosure requirements. The framework chosen changes how the accounts are presented, so it is worth confirming which one suits your company.
Yes — a limited company's annual accounts are filed at Companies House within the filing deadline that applies to that company. Preparing the financial statements under FRS 105 and filing them are two stages of the same exercise: the accounts are prepared first, then submitted in the required format. Filing accounts at Companies House is separate from any Corporation Tax filing you make to HMRC.
Yes, they are separate requirements. FRS 105 governs how the company's financial statements are prepared, while a CT600 is the Corporation Tax Return submitted to HMRC. The figures in the accounts usually inform the tax return, which is why preparing them together can help keep everything consistent, but each has its own rules, its own submission route and its own deadline.
A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime in its first accounting period and chooses to apply it. In practice, that means checking the size conditions for the period, along with any rules or exclusions that might affect a new company. Newly formed companies sometimes have unusual first-period figures, so it is worth reviewing eligibility before assuming the micro-entities regime applies.