─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Worcester Park

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying companies which choose to apply the UK micro-entities regime. For directors in Worcester Park, that choice affects how the profit and loss account, balance sheet and notes are presented, and it keeps the reporting focused on the information that micro-entity shareholders and Companies House actually need. FRS 105 is not a one-size-fits-all service: eligibility depends on the company’s size and on whether any of the applicable exclusions apply, so it is worth confirming the position before accounts are prepared. Professional preparation helps to make sure the figures are built up correctly from your records, that the disclosure requirements of FRS 105 are reflected properly, and that the resulting financial statements are consistent with the way the company has reported before. Where the micro-entities regime is appropriate, we can talk through the framework, work through the accounts with you and explain what each figure represents, so you understand the numbers you are signing.

🔥 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 written specifically for micro-entities. In practice it sets out a simplified way of preparing annual financial statements — a profit and loss account, a balance sheet and a small number of supporting notes — for companies that qualify for the micro-entities regime and decide to use it. Think of the regime as a route a qualifying company can take, and FRS 105 as the rulebook that applies once you are on that route. It is a genuine choice rather than an automatic outcome: qualifying companies may instead report under a different framework, so the decision usually comes down to what is most suitable for the business, its shareholders and anyone who relies on the accounts. Because FRS 105 is deliberately straightforward, it tends to mean fewer disclosure notes and a shorter set of financial statements than other frameworks. It also relies on the same underlying records and bookkeeping you already keep, which is why keeping tidy records throughout the year makes the year-end process far smoother. If you are unsure whether FRS 105 is the right fit for your company in Worcester Park, the sensible first step is a straightforward review of your circumstances before any accounts are drafted.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies in the UK that qualify for the micro-entities regime and choose to apply it. 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 is not automatically the same as qualifying — other eligibility rules and exclusions can apply, and certain entities are not permitted to use the regime at all. A company might also be in its first period of trading, or have figures that sit close to a threshold, in which case the position deserves a closer look. For directors in Worcester Park, the practical question is usually twofold: does the company qualify, and is the micro-entities regime the right framework for it? Answering both before accounts are prepared avoids rework later, and it means the financial statements are built on a framework that genuinely fits the company rather than one that was assumed to apply.

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 starts with your financial records — bank transactions, sales and purchase information, payroll details, expenses and any asset or liability balances you hold. From there, the accounts are built up to reflect the company’s position and performance for the period, presented in the simplified format that FRS 105 sets out, and supported by the notes the framework calls for. Two separate obligations often sit side by side here, and it helps to keep them distinct: the annual financial statements are prepared under the applicable reporting framework and then filed with Companies House, while the company’s Corporation Tax position is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC. Preparing accounts and preparing a tax return are related but not the same task, and the figures may not be identical because each follows its own rules. A professional approach means your accounts are based on the records you provide, prepared in line with the applicable requirements, and explained clearly so you can review them before they are finalised and signed. It also means any questions — about a balance, a disclosure or how a transaction has been treated — can be answered before filing rather than afterwards.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Worcester Park

If you would like help with your FRS 105 Micro Entity Accounts, the best place to start is a conversation about your company. Tell us about your trading activity, your shareholding and directors, the records you currently keep, and how your accounts have been prepared in previous periods. If you can share your year-end figures, bank statements, invoices or accounting software access, we can assess whether the micro-entities regime looks suitable for your circumstances and set out what is involved in preparing the financial statements. We can also talk you through the difference between preparing and filing your accounts and dealing with your separate Corporation Tax obligations, so nothing is left ambiguous. Pricing is set out clearly and transparently, with fixed-fee options available, and there is no obligation to proceed. Whether you are newly incorporated, switching from another framework or simply want your year-end accounts handled properly, get in touch and we will help you understand your options.

─── 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 sets out a simplified basis for preparing annual financial statements — typically a profit and loss account, a balance sheet and a limited set of notes — for companies that qualify for the micro-entities regime and choose to apply it. It is a reporting framework rather than a tax rule, so it governs how the accounts are drawn up and presented, not how much Corporation Tax is payable.

Who can use FRS 105?

FRS 105 is intended for companies that both qualify for the UK micro-entities regime and decide to apply it. Qualifying is a matter of meeting the size conditions and not falling within any of the applicable exclusions, and the choice to apply the regime is a separate decision. Companies that qualify may also choose a different framework if that better suits their circumstances, so eligibility and suitability are worth reviewing together rather than assuming the standard applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one for every small company. A company that meets the relevant size conditions generally has a choice about which framework to apply, and FRS 105 applies when the micro-entities regime is the option selected. Factors such as the needs of shareholders, lenders or other users of the accounts can influence that decision.

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 conditions is not the whole story — other eligibility rules and exclusions can apply, and certain companies are not able to use the regime. It is always worth confirming your position against the rules that apply to your specific period.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the financial reporting standard that applies more broadly, including to many small companies, and it generally requires more disclosures and more detailed accounting treatments than FRS 105. FRS 105 is the simpler, more condensed framework available to qualifying micro-entities that choose the micro-entities regime. Moving between the two can affect how items such as provisions, deferred tax and certain financial instruments are presented, which is why transitions need to be planned rather than treated as a like-for-like swap.

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

Where a company prepares annual accounts, those accounts normally need to be filed with Companies House, and that filing sits separately from the company's Corporation Tax obligations. FRS 105 determines how the accounts are prepared and presented, not whether a filing is required. Filing requirements can depend on the company's circumstances, so it is worth checking what applies to your entity and period rather than relying on general assumptions.

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

Yes. FRS 105 accounts are the company's financial statements, prepared under the micro-entities reporting framework and filed with Companies House. A Corporation Tax Return, usually submitted as a CT600, is a separate filing made to HMRC to report the company's tax position for the period. The two are linked because the accounts inform the tax return, but they follow different rules and may not produce identical figures.

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

Typically you would provide your year-end financial records, including bank statements and reconciliations, sales and purchase information, payroll and employee details, expense records, loan and finance agreements, and details of any assets or liabilities held by the company. It also helps to share prior period accounts, details of the share capital and directors, and any changes in the business during the year. Reviewing this information early makes it far easier to confirm whether the micro-entities regime is appropriate and to prepare the financial statements accurately.