─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Woolton

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities that have chosen to adopt the micro-entities regime. If your company is based in Woolton and meets the relevant size conditions — and is not excluded for another reason — FRS 105 can offer a simplified basis for preparing financial statements, with a shorter balance sheet, reduced disclosure and a format that reflects the straightforward way many owner-managed businesses operate. Professional preparation helps make sure the accounts are put together appropriately for your company’s individual circumstances, using the figures from your records and applying the framework consistently to your accounting period. Because eligibility depends on more than headline size alone, we look at your turnover, balance sheet total and employee numbers, along with any rules or exclusions that may affect you, before confirming that FRS 105 is the right route. The aim is straightforward: accurate, well-presented FRS 105 Micro Entity Accounts for your Woolton company, prepared with clear, transparent pricing and without unnecessary jargon.

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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 
    
 
 
 
   
 
 
       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.
  
 
      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.
  
 
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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: The Micro-Entities Regime Made Simple

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out a simplified way to prepare statutory financial statements: a short balance sheet, limited notes and a profit and loss account that does not have to be filed at Companies House, provided the company takes advantage of that option. It sits alongside the micro-entities regime, which is a legal framework that qualifying companies may choose to use instead of the larger-company regimes such as FRS 102 Section 1A. The important point is that the micro-entities regime is an available option, not an automatic label. A company has to qualify, and once it qualifies it can decide whether to apply that regime. FRS 105 applies when that choice is made — so eligibility and election go together. For many small owner-managed companies in Woolton, FRS 105 can reduce the volume of disclosure and keep the accounts easier to read, while still producing a formal set of financial statements that reflects the company’s trading position and net assets. It is not a shortcut around record-keeping; it simply changes how those records are presented in the statutory accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and that decide to apply it. Qualifying is a two-part question: first, whether your company meets the size conditions, and second, whether any exclusion or other rule takes it out of scope. 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. Meeting two of those three is the usual starting test, but it is not the whole answer — certain types of company and certain circumstances can affect whether the micro-entities regime is open to you, and some entities are excluded regardless of how small they are. There is also a question of election: even where a company qualifies, applying the regime is a choice, and FRS 105 applies when that choice is made. For that reason it is worth reviewing your position with someone who can look at your figures, your structure and any relevant restrictions before your accounts are prepared, rather than assuming the size tests alone settle the matter.

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 starts with your financial records: bookkeeping entries, bank and cash information, sales and purchase records, payroll details, asset purchases and any year-end adjustments such as accruals, prepayments, stock and depreciation. From that information we build a set of financial statements in the format the framework expects, using the disclosure that applies to your company rather than a one-size-fits-all template. Because FRS 105 is the simplest reporting framework available to qualifying companies, it is also one where small presentation errors tend to stand out, so the figures are checked against the underlying records before anything is finalised. It is worth separating two distinct tasks that are often spoken about together. The first is preparing the financial statements and, where required, filing them with Companies House as part of the company’s accounts. The second is the Corporation Tax position, which is dealt with through a separate CT600 return submitted to HMRC. A Confirmation Statement is separate again. We can handle all three, but they are different obligations with different deadlines and different information requirements, and each is approached on its own terms. The outcome we work towards is accounts that read clearly, reflect your circumstances and are ready for the purposes they are needed for — without overstated claims about how any third party will respond to them.

ICAEW

ACCA

AAT

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

If you run a small company in or around Woolton and want to know whether FRS 105 Micro Entity Accounts suit your circumstances, get in touch and we will talk it through with you. Tell us a little about your company — what it does, when your accounting period ends, roughly what your turnover, balance sheet total and headcount look like, and whether you already have bookkeeping records or need help sorting them out. From there we can assess whether your company appears to qualify for the micro-entities regime, confirm whether FRS 105 is the right framework for you, and explain what information we need to prepare your financial statements. We can also talk you through how the accounts, the Corporation Tax position and your other filing obligations fit together, and set out clear, transparent pricing before any work begins, so you know where you stand.

─── 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 for micro-entities. It is the most simplified statutory reporting framework available to qualifying companies, designed to reduce the amount of disclosure compared with larger-company standards. Accounts prepared under FRS 105 typically include a short balance sheet and limited notes, and the profit and loss account does not have to be filed at Companies House where the company chooses not to include it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK micro-entities regime and that choose to apply that regime. The size conditions are only part of the picture — certain companies are excluded regardless of size, and the rules and exclusions can change, so eligibility should always be checked against your company's specific circumstances rather than assumed from turnover alone.

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. Meeting those size conditions does not automatically mean a company qualifies, because other rules and exclusions can apply. It is also worth remembering that these are the criteria for the current rules — earlier accounting periods were assessed against different limits.

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 whether to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer a different framework because of the way they present their results, because of group considerations or because of requirements from lenders or other parties. It is a decision worth discussing before your accounts are prepared.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they operate at different levels of complexity. FRS 105 is the micro-entities standard, with a simplified balance sheet and minimal disclosure. FRS 102 is the standard for larger small companies and other entities, and it requires more detailed disclosures, more accounting judgements in certain areas and a fuller set of notes. The right choice depends on whether your company qualifies for the micro-entities regime and whether applying it suits your circumstances.

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

Where a company prepares FRS 105 Micro Entity Accounts and is required to file statutory accounts, those accounts are filed with Companies House in the usual way, although micro-entity accounts are typically shorter than accounts prepared under a fuller framework. Filing the accounts is separate from your Corporation Tax obligations. The accounts are also separate from a Confirmation Statement, which is a different filing that confirms company details rather than reporting financial results.

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

Yes — they are two distinct filings. FRS 105 accounts are the statutory financial statements prepared under the micro-entities framework, while the CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The accounts usually provide the starting point for the tax computation, but the return is prepared and submitted separately, with its own deadlines and its own information requirements.

What information is needed to prepare FRS 105 accounts?

In most cases we need your bookkeeping or accounting records for the period, bank and cash account information, sales and purchase records, payroll details for the year, details of any assets bought or sold, stock figures where relevant, and any loans or balances owed to or by the company. It also helps to know about anything unusual during the period, such as a one-off cost, a change in how the business operates, or a new source of income. If your records are incomplete, we can talk through what is missing and how best to bring things up to date before the accounts are prepared.

What changes are coming to micro-entity accounts filing?

The UK filing requirements for small and micro-entity companies have been under review, with reforms intended to move more companies towards filing accounts digitally and with a greater level of detail than the current abbreviated approach allows. Because the position continues to develop, it is sensible to check the latest requirements for your own accounting period rather than relying on how things were done previously. We can talk you through what the current rules mean for your Woolton company and how to prepare for any changes that apply.