─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wickford

FRS 105 Micro Entity Accounts provide the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. FRS 105 is not simply a service — it is the standard that determines how the financial statements are measured, presented and disclosed, including the reduced disclosure requirements that come with the regime. Across Wickford, many small limited companies fit the profile of a micro-entity, but eligibility depends on the statutory size conditions and other rules, and applying the regime is a positive choice rather than an automatic outcome. Professional preparation of FRS 105 Micro Entity Accounts helps ensure the figures are built up properly from your own accounting records, presented in a format consistent with the standard, and supported by the disclosures FRS 105 actually requires. It also helps keep the accounts, the Companies House filing and any separate Corporation Tax obligations clearly separated, so you understand what is being prepared, what is being filed, where it goes and why it matters.

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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

In plain terms, FRS 105 is the UK financial reporting standard written specifically for micro-entities, which is the smallest category of company recognised in UK company law. It sets out how a qualifying company’s financial statements should be prepared when the directors choose to use the micro-entities regime, which is one of several accounting regimes available to UK companies. Compared with the frameworks used by larger businesses, FRS 105 keeps things simpler: the measurement rules are more straightforward, a number of accounting options permitted elsewhere are not available, and the disclosure requirements are considerably reduced. That matters in practice because it means the accounts can stay short, readable and closely tied to the underlying records, without layers of notes and complexity that larger reporting frameworks demand. The key point is that the micro-entities regime is optional. A company that qualifies may apply it, and where it does, FRS 105 is the standard used to prepare the financial statements. A company that qualifies but prefers a different approach would report under a different framework instead. If you run a small limited company in Wickford and want to know whether FRS 105 Micro Entity Accounts are the right route for you, the sensible starting point is a review of your eligibility and your circumstances.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for companies that qualify as micro-entities under UK company law and choose to apply the micro-entities regime. Eligibility is driven by size conditions. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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 over the period. Meeting those size conditions is not, by itself, a guarantee of eligibility. Other rules and exclusions apply — for example, certain types of company are excluded from the regime whatever their size, and group structures or first accounting periods can raise additional considerations. It is also important to remember that the regime is optional: a company that qualifies may choose to apply it, and FRS 105 applies when that choice is made. For a limited company based in Wickford, the practical first step is a review of the company’s figures for the relevant period, its structure and its circumstances, so that the decision is made on a proper understanding of the rules rather than an assumption.

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.

Accurate, Carefully Prepared FRS 105 Micro Entity Accounts

Sound FRS 105 Micro Entity Accounts begin with good records and careful preparation. The financial statements are built from your bookkeeping, bank records, sales and purchase information, payroll data and other supporting documents, then measured and presented in line with the requirements FRS 105 sets out for qualifying micro-entities. Where the company is required to file annual accounts, the prepared financial statements are submitted to Companies House as part of that statutory filing, in the format the micro-entities regime permits. That process is separate from Corporation Tax: a CT600 is submitted to HMRC and deals with the company’s tax position, while the FRS 105 accounts deal with financial reporting to the company’s members and, where relevant, to Companies House. The two are related in the sense that they draw on the same underlying figures, but they are different documents with different purposes, different recipients and their own separate requirements. Preparation is based on the information you provide and the reporting framework that applies to your company, and responsibility for the accounts ultimately rests with the directors.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Wickford

If you are not sure whether your company qualifies for the micro-entities regime, or you would simply like help preparing FRS 105 Micro Entity Accounts, get in touch and we can look at your situation properly. Tell us a little about your company — what it does, the accounting period you need accounts for, how you keep your records and whether you have filed accounts before — and we can talk through your options and explain what is involved. We work with clear, transparent pricing and fixed-fee options where they suit, so there are no surprises. Whether you are weighing up whether to apply the regime or you have already decided and just need the accounts prepared and filed correctly, a short conversation is the easiest way to get started.

─── 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 how the financial statements should be prepared, measured and presented when a qualifying company chooses to use the micro-entities regime, including the reduced disclosure requirements that go with it. It sits alongside UK company law rather than replacing it, so the legal requirements for preparing and filing accounts still apply. FRS 105 is an accounting framework — it is not a tax return and it is not submitted to HMRC.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under UK company law and choose to apply the micro-entities regime. Eligibility is largely driven by size. Other rules and exclusions can also affect whether a company qualifies — for instance, certain types of company are excluded regardless of their size, and group structures and first-period situations need separate consideration. Because of this, qualifying on size alone does not automatically mean FRS 105 is available, and it is worth having your position reviewed before deciding.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option, not an obligation. A company that qualifies may choose to apply it, and FRS 105 applies when that choice is made. A qualifying company that prefers a different approach could instead report under the small companies regime using FRS 102 Section 1A, which offers more accounting options but comes with more disclosure. That is a decision for the directors, and it is worth weighing up the trade-off between simplicity and flexibility.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard used by a wide range of companies, with Section 1A covering small companies. FRS 105 is narrower and applies only to micro-entities. Practically, FRS 105 strips things back: some measurement options allowed under FRS 102 are not permitted — for example, revaluations and fair value accounting are not available, and deferred tax is not recognised — and the disclosure requirements are far lighter. FRS 102 gives you more flexibility in how items are measured, but in exchange the accounts become longer and more detailed.

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 micro-entity accounts can be filed in the simplified format the regime allows. FRS 105 governs how the financial statements are prepared and presented; the filing itself is a separate step with its own requirements. Filing with Companies House does not mean the accounts have been approved or endorsed by Companies House — the directors remain responsible for the content of the accounts and for ensuring the filing is made correctly.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime for the company's members and, where required, filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position for the period. The figures in your accounts will usually inform the tax return, but the CT600 is a separate document, goes to a different authority, and has its own requirements and deadlines.

Can a new limited company use FRS 105?

It can, in principle, provided it qualifies for the micro-entities regime and the directors choose to apply it. Eligibility is assessed for each accounting period, including a company's first period, so a newly incorporated company may well fall within the size conditions. That said, qualification is not automatic, and other rules or exclusions could affect the position. If you have recently set up a company in Wickford, it is worth confirming your position before the first set of accounts is prepared.

What information is needed to prepare FRS 105 accounts?

Broadly, we need the records that show what the company earned, spent, owns and owes during the period. That typically includes your bookkeeping or accounting ledgers, bank statements and reconciliations, sales and purchase records, payroll information, details of any stock, equipment or vehicles, loan agreements, and the director's loan account position. If you have previous accounts, those help as a starting point. The cleaner and more complete your records, the more straightforward the preparation tends to be.

Does applying the micro-entities regime affect other filings, such as the Confirmation Statement?

No. The Confirmation Statement is a separate filing that confirms the company's registered details are correct, and it is not affected by which accounting framework the company uses. Similarly, choosing FRS 105 does not change your Corporation Tax obligations or other statutory filings. FRS 105 affects the accounting and financial reporting side — how the financial statements are prepared — not the wider set of company filings you are responsible for.