─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Winslow

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, and they are designed for companies that qualify for that regime and choose to apply it. For many owner-managed businesses around Winslow, FRS 105 is the simplest reporting framework available in the UK, which makes it an attractive option where the company meets the eligibility conditions and wants straightforward, low-complexity accounts. Whether FRS 105 Micro Entity Accounts are the right fit depends on your company’s size, structure, activities and any applicable exclusions, so eligibility is always worth checking rather than assuming. Professional preparation helps to ensure your accounts are built up correctly from your bookkeeping records, presented in the required format, and consistent with the framework you have chosen to apply. It also helps to keep the accounts aligned with the rest of your company’s reporting, so that the figures used for your financial statements and the information you provide elsewhere are consistent and defensible. If you are unsure whether the micro-entities regime suits your company, discussing your circumstances with an accountant is a sensible first step before the accounts are finalised.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 is the UK financial reporting standard that sets out how micro-entity accounts should be prepared. It is closely linked to the micro-entities regime, which is the legal framework that allows qualifying companies to report using a simplified, reduced-disclosure format. In plain terms, FRS 105 gives smaller companies a shorter and simpler set of rules than the standards used by larger businesses: fewer disclosure notes, simpler measurement of assets and liabilities, and a layout that is easier to read and understand. It matters because it can reduce the time and complexity involved in producing annual financial statements, while still delivering accounts that properly reflect the company’s position. It is important to understand that FRS 105 is not automatic. A company must first qualify for the micro-entities regime, and that regime is a choice rather than an obligation. FRS 105 applies when a qualifying company decides to use the micro-entities regime; if the company instead reports under a different framework, different rules and disclosures apply. For directors in Winslow weighing up their options, the practical question is usually whether the simplicity of FRS 105 Micro Entity Accounts matches the way the business operates and the information its shareholders, lenders and advisers need.

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

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose to apply it. 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 over the period. Those conditions are the starting point, not the whole picture. The rules also contain exclusions and additional considerations, which means a company can meet the size test in principle and still not be eligible for the regime, and certain types of entity are not permitted to use it at all. Meeting the thresholds does not automatically make the micro-entities regime the right or the required choice either, because applying it is a decision the company makes based on its circumstances. For directors in Winslow, the practical approach is to confirm the company’s turnover, balance sheet total and average employee numbers for the relevant period, check that none of the exclusions apply, and then decide whether the simplicity of FRS 105 Micro Entity Accounts genuinely suits the business and the people who rely on its financial statements.

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

Preparing FRS 105 Micro Entity Accounts is not simply a case of putting a balance sheet and profit and loss account on a page. The figures need to be built from accurate records, recorded consistently with the framework you have chosen, and supported by workings that make sense of your transactions for the period. Where you work with an accountant, they will typically start from your bookkeeping, bank records, sales and purchase information, payroll details and any asset or loan information, then use those to produce a set of financial statements that reflects your company’s activity. The presentation matters too: micro-entity accounts follow a prescribed format and disclosure set, so using the wrong layout or including disclosures that do not belong can cause unnecessary queries. It is also worth separating the different obligations clearly. Your FRS 105 financial statements are one thing; filing them with Companies House is a separate step; and a Corporation Tax Return (CT600) is a separate submission to HMRC dealing with corporation tax rather than financial reporting. Good preparation keeps these strands organised, so the accounts that support your tax position are the same accounts you file publicly, and any differences are understood and explained. No accountant can guarantee a particular outcome or that every figure will be accepted without question, but a careful, well-documented approach puts your company in the strongest practical position.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Winslow

If your company may qualify for the micro-entities regime and you would like your accounts prepared under FRS 105, get in touch to talk through your requirements. It helps to have a short summary of your company’s circumstances ready — recent bookkeeping or accounting records, details of turnover, your balance sheet position and average employee numbers over the period, plus any information about loans, assets or group relationships that might affect eligibility. Tell us what you already have in place and what you need from the accounts, and we can assess whether FRS 105 Micro Entity Accounts look like an appropriate fit for your company, or whether another framework may suit you better. From there, we can explain the information required and outline the next steps so you can make an informed decision about how to proceed.

─── 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 is a simplified framework, derived from the more detailed standards used by larger entities, and it is designed to reduce complexity. In practice that means fewer disclosure notes, simpler rules for measuring assets and liabilities, and a shorter, more straightforward set of financial statements. It is important to note that FRS 105 is the accounting standard; the micro-entities regime is the legal framework that allows qualifying companies to report in this simplified way.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that choose to apply it. Qualification depends on meeting the relevant size conditions for the accounting period, and on the company not falling within any of the exclusions set out in the applicable rules. Meeting the size conditions does not automatically mean a company qualifies, and even where it does qualify, applying the micro-entities regime remains a choice rather than an obligation.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can choose to apply it and therefore prepare accounts under FRS 105, or it can report under another applicable framework. Once a choice is made, it should be applied consistently to the accounts for that period, and changing framework later is possible but needs to be handled properly.

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. These conditions are subject to the relevant rules and exclusions, so they are a useful starting point rather than the whole test. Where a company sits close to a threshold, or has changed size during the period, it is worth reviewing its position carefully before deciding how to report.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in depth and complexity. FRS 105 is the micro-entity standard: it offers simplified measurement and reduced disclosure, and it is only available to companies that qualify for and choose the micro-entities regime. FRS 102 is a fuller framework used by a much wider range of entities, and it typically requires more detailed accounting treatments and more extensive disclosures. The right choice depends on eligibility, on what the company's stakeholders need from the accounts, and on whether the simplifications in FRS 105 are appropriate for the business.

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

Once accounts have been prepared and approved by the directors in the required way, they normally need to be filed with Companies House as part of the company's filing obligations. Micro-entity accounts can be filed in the simplified format that the regime allows. Filing the accounts is a separate administrative step from preparing them, and the requirements depend on the company's circumstances, so it is worth confirming what applies to your company rather than assuming.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are financial statements prepared for the company and filed at Companies House. A Corporation Tax Return (CT600) is a tax filing submitted separately to HMRC, dealing with the company's corporation tax position. The two are usually prepared from the same underlying records and should tell a consistent story, but they serve different purposes, follow different rules and go to different organisations.

What information is needed to prepare FRS 105 accounts?

As a general guide, you would expect to provide complete bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, payroll details including employee numbers, and information about assets, loans, leases and any intercompany or group balances. The accounts also need to be approved and signed by the directors in the required manner. Having well-organised records from the outset makes the preparation process smoother and reduces the number of queries that come back during the accounts work.