─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Whitehall

FRS 105 Micro Entity Accounts in Whitehall are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the micro-entities regime. FRS 105 is not a one-size-fits-all solution, and it is not automatic: eligibility depends on the company’s size and on the relevant rules and exclusions, so each set of accounts needs to be considered on its own facts. Professional preparation helps you work through those points — confirming whether the micro-entities regime is available and appropriate, applying FRS 105 recognition and measurement requirements consistently, and producing financial statements that reflect the company’s records accurately. It also keeps the different obligations clear: FRS 105 accounts filed with Companies House are distinct from the Corporation Tax Return (CT600) submitted to HMRC. Whether you are newly incorporated or an established company in Whitehall, having your FRS 105 Micro Entity Accounts prepared by accountants who work with the framework regularly keeps the process straightforward and well documented.

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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 
    
 
 
 
   
 
 
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   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 that applies to companies using the micro-entities regime. In simple terms, UK company law offers different accounting regimes depending on the size of a business. The smallest qualifying companies can choose the micro-entities regime, and where that regime is chosen, the accounts must be prepared under FRS 105. FRS 105 is deliberately simpler than the standards used by larger companies. It allows a more straightforward approach to measuring assets and liabilities, and it requires far fewer notes to the accounts. In practice, a set of FRS 105 Micro Entity Accounts usually centres on a balance sheet prepared from the company’s records, supported by the disclosures FRS 105 requires, with a profit and loss account prepared for the directors and shareholders but not filed publicly at Companies House. Choosing the regime is a decision, not an assumption: a company needs to qualify, and it needs to decide that the micro-entities regime suits its circumstances. Where that decision is made for a company based in Whitehall, FRS 105 provides the framework its accounts are built on.

Who Can Use FRS 105 in the UK? Companies That Qualify and Choose the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Two things must therefore line up: the company must be eligible, and it must decide that the micro-entities regime is the right basis for its accounts. On eligibility, 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 conditions are not the whole picture. The regime also has rules and exclusions that can affect whether a company qualifies, including the nature of its activities and its position within a group, so meeting the size thresholds alone does not automatically mean a company can use the micro-entities regime. Eligibility should be considered for each accounting period, and for Whitehall companies with changing turnover or headcount, a fresh look each year is sensible before the 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.

Qualified Accounting Support for FRS 105 Micro Entity Accounts in Whitehall

Preparing FRS 105 Micro Entity Accounts is a technical exercise as well as a record-keeping one. The accounts are built from the company’s own financial records — bookkeeping, bank and payment records, sales and purchase documentation, payroll information and asset details — and then presented in line with the requirements of FRS 105 and the micro-entities regime. A qualified accountant works through that information to make sure the figures are consistent, the measurement approach is applied appropriately, and the disclosures included are the ones the framework calls for. It is also important to keep the reporting obligations separate. Preparing and filing financial statements at Companies House is one task; a Corporation Tax Return (CT600) is a separate submission to HMRC, based on the company’s taxable profits rather than simply the reported figures. Good preparation of your FRS 105 Micro Entity Accounts supports both conversations, because it gives you a clear, reliable set of figures to work from.

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ACCA

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Get Expert Help With Your FRS 105 Micro Entity Accounts in Whitehall

If you would like support with your FRS 105 Micro Entity Accounts, the sensible first step is a conversation about your circumstances. Tell us about your company’s accounting period, its income and expenditure, the records you keep day to day and how you currently handle your Companies House filing and your Corporation Tax Return (CT600). From there, we can look at whether the micro-entities regime appears to be available for your company, discuss how FRS 105 would apply, and explain how the preparation process works, including any fixed-fee options. Nothing is assumed on your behalf — eligibility is always considered against the applicable rules and your company’s own position. Get in touch to talk through your FRS 105 Micro Entity Accounts requirements and to arrange the information we would need to assess them properly.

─── 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 sits alongside UK company law, which allows the smallest qualifying companies to use a simplified accounting framework. FRS 105 keeps measurement rules straightforward and requires far fewer disclosures than the standards used by larger companies. Where the micro-entities regime is chosen, FRS 105 is the framework the financial statements must follow — it is not an optional extra or a stylistic preference.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualifying is not simply a matter of feeling small: the company must meet the size conditions and must not fall within any of the rules or exclusions that prevent a company from using the regime. Eligibility is assessed for each accounting period, and circumstances can change from year to year, so it is worth reviewing rather than assuming continuity.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company must make a choice, and where it chooses the micro-entities regime, FRS 105 applies. A company that qualifies but prefers a different framework may instead prepare accounts under FRS 102, including the reduced disclosure options available to small entities. The right answer depends on the company's circumstances and who uses its accounts.

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. Those conditions sit alongside the wider rules and exclusions in the regime, which can prevent a company from qualifying even where the numbers fit. Meeting the size tests alone does not guarantee eligibility.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entity standard, with simplified measurement and minimal disclosure. FRS 102 is the broader standard used by small, medium and larger entities, with Section 1A providing reduced disclosures for small companies. FRS 105 accounts tend to be shorter and more straightforward, while FRS 102 accounts give more detail — which can matter if lenders, investors or group companies rely on the figures.

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

Yes. A limited company must file accounts for each financial year, and where the micro-entities regime is used, those accounts are prepared under FRS 105. The version filed publicly is typically the balance sheet with the supporting notes required by the framework; the profit and loss account is prepared for the directors and shareholders but is not filed at Companies House under the micro-entities regime. Filing accounts is a separate obligation from filing a Corporation Tax Return.

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

Yes, they are two different things. FRS 105 governs how the company's financial statements are prepared and reported. A CT600 is the Corporation Tax Return submitted to HMRC, and it is based on the company's taxable profits, which start from the accounting figures but are adjusted for tax purposes. Preparing FRS 105 Micro Entity Accounts does not itself satisfy the corporation tax filing obligation, and neither submission replaces the other.

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

Useful starting points include the company's bookkeeping records, bank and payment account statements, sales invoices and purchase receipts, payroll and employee information, details of any assets owned, loan or director's account balances, and the previous year's accounts where they exist. If you also want us to look at your Corporation Tax Return (CT600) position, the related tax computations are helpful too. The more complete the records, the smoother the preparation process tends to be.

What changes are coming to micro-entity accounts filing?

Companies House has been implementing wider reforms to the way accounts are filed, including a shift towards digital and software-based filing routes for small and micro-entity accounts. The detail and timing of these changes can be updated, and the accepted filing methods may differ depending on your company's position. It is worth checking current Companies House guidance or discussing your options before you file, so your FRS 105 Micro Entity Accounts are submitted through a route that is currently accepted.