─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Widnes for Qualifying Companies

FRS 105 Micro Entity Accounts provide the financial reporting framework for companies in Widnes that qualify for the UK micro-entities regime and choose to apply it. Under FRS 105, a qualifying micro-entity can prepare simpler financial statements than those required under larger reporting frameworks, with reduced disclosure and a format suited to straightforward businesses. Professional preparation helps to make sure those accounts are put together appropriately for your company’s particular circumstances, from the way turnover, assets and liabilities are recognised through to the presentation of the balance sheet and the supporting notes. If your Widnes company is considering FRS 105 Micro Entity Accounts, we can review your records, discuss whether the micro-entities regime looks suitable, and prepare the financial statements on that basis. We can also handle the Companies House filing, while keeping the separate Corporation Tax position — including any CT600 — clearly distinguished from the accounts themselves.

🔥 SAVE £100.00

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
  
 
      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.
  
 
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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.
  
 
      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: The Reporting Framework Behind Micro-Entity Accounts

FRS 105 is the UK financial reporting standard written specifically for companies that qualify as micro-entities. In plain terms, it is a simplified accounting framework: instead of the longer, more detailed financial statements that larger companies produce, a micro-entity applying FRS 105 prepares a shorter balance sheet, a simpler profit and loss account and a limited set of notes. The standard sits alongside the UK micro-entities regime — a company that meets the relevant size conditions may choose to apply that regime, and FRS 105 is the accounting standard that applies when it does. Choosing the micro-entities regime is a decision, not an automatic outcome, and it needs to suit the company’s circumstances and its users, including lenders and HMRC where relevant. Once the regime is chosen for a qualifying company, FRS 105 shapes how the financial statements are prepared and what is disclosed, which is why getting the framework right from the outset matters for Widnes businesses preparing their annual accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it — the two elements go together. For accounting periods beginning on or after 6 April 2025, qualification generally means meeting 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. Alongside those size conditions, the regime comes with its own rules and exclusions, and certain companies are kept out of it altogether, so meeting the thresholds does not by itself guarantee that FRS 105 can be used. It is also worth remembering that qualifying is not the same as being required: a company that qualifies may still choose a different framework if that suits its users better. For companies in Widnes, the practical answer usually comes from looking at the accounts, the company’s structure and what the accounts need to do, then confirming whether the micro-entities regime and FRS 105 are the right fit.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your company’s bookkeeping, bank information, invoices, expense details and asset records to build a set of FRS 105 financial statements that reflects your trading position and the applicable reporting requirements for the micro-entities regime. That means attention to how items are recognised and measured under FRS 105, how the balance sheet is presented, and what the required notes should say. It is also important to keep the different obligations separate: the financial statements and their Companies House filing are one matter, while Corporation Tax — usually reported on a CT600 — is a separate submission to HMRC, and a Confirmation Statement is a different filing again. Preparing accounts based on your financial records and the relevant rules supports accurate financial reporting, but it does not amount to a guarantee of any particular filing outcome, and it does not mean Companies House or HMRC has reviewed or approved the figures.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you run a company in Widnes and you are weighing up FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation. Tell us about your business, your year end, how you currently keep your records and what you need from your accounts, and we can look at whether the micro-entities regime appears to fit your circumstances. From there we can explain what information we would need, outline the options available, and set out clear, transparent pricing for the work involved. Whether you are preparing accounts for the first time, switching framework, or simply want the annual reporting handled with fewer loose ends, get in touch and we will help you work out the right approach for your company.

─── 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 accounting standard for micro-entities. It sets out a simplified basis for preparing financial statements, with a shorter balance sheet, a simpler profit and loss account and reduced disclosure compared with the frameworks used by larger companies. It applies to a company that qualifies for the micro-entities regime and chooses to use it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on the size conditions and on the other eligibility rules and exclusions that apply, so meeting the size test alone does not automatically mean a company can — or should — use FRS 105. Some companies are excluded from the regime regardless of their size.

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 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. Other rules and exclusions can still apply, so it is worth checking your company's specific position rather than assuming the size conditions alone settle the question.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to apply it. The regime is an available option, and FRS 105 applies when that option is chosen. Some qualifying companies prefer a different framework because of what their lenders, investors or other users of the accounts need to see, so the choice is worth considering carefully each year.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and allows simpler statements with less disclosure. FRS 102 is used by a much wider range of companies and generally requires fuller recognition, measurement and disclosure — including areas such as deferred tax and certain financial instruments that FRS 105 does not deal with in the same way. Moving between the two can affect the numbers presented, so the change is best planned rather than left to the last minute.

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

A company that prepares FRS 105 accounts will normally need to file accounts with Companies House for its financial year, and the filing can be made on the micro-entity basis where the company qualifies and has chosen that regime. The preparation of the financial statements and the act of filing are separate steps, and the accounts filed are not the same thing as a Corporation Tax Return or a Confirmation Statement.

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

Yes. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities accounting framework and generally filed with Companies House. A CT600 is a separate Corporation Tax Return submitted to HMRC, using figures that are usually derived from the accounts but adjusted for tax purposes. Preparing one does not discharge the obligation to deal with the other, so both need to be on the radar.

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

In practice we usually need your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, details of any assets bought or sold, stock or work in progress where relevant, loan and lease agreements, and payroll information if you employ staff. It also helps to know your year end, your previous accounts if you have them, and whether anything significant happened during the year such as a change in activity or a new source of finance.

What changes are coming to micro-entity accounts filing?

The size thresholds for micro-entities have been updated for accounting periods beginning on or after 6 April 2025, and Companies House has been moving towards filing accounts through compatible software rather than by uploading a document. Because these changes can affect both whether you qualify and how you file, it is worth checking the current position before your next set of accounts is due rather than relying on how things were done in previous years.