FRS 105 micro-entity accounts in Yateley

FRS 105 accounts for Yateley companies

FRS 105, the Financial Reporting Standard applicable to the Micro-entities Regime, sets the recognition and measurement rules for the smallest companies. It is simpler than FRS 102 Section 1A, which small companies use. Assets and liabilities are generally recorded at historical cost, there is no deferred tax and most disclosure notes fall away.

FRS 105 accounts for Yateley businesses: local facts

Yateley is in the Hart council area, in the South East region. Hart has around 4,600 VAT- and PAYE-registered businesses, and 4,140 of them, about 90%, have fewer than ten employees (ONS UK Business Counts, 2026). That is the group the micro-entity rules were written for.

The largest groups of micro businesses in Hart are professional, scientific and technical services (935), construction (680) and information and communication (480). For professional, scientific and technical services companies in Yateley, fee income, work in progress at the year end and how directors are paid are the key decisions, so we plan these with you before the accounts are finalised. That puts professional, scientific and technical services at 23% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Yateley (Hart 001) has 290 VAT- or PAYE-registered businesses, and 265 of them (91%) are micro businesses.

Hart ranks 846 of the 1105 areas we serve by number of micro businesses, and its micro share of 90% is in line with the 89% average across them. In construction (680 micro businesses in Hart), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In information and communication (480 micro businesses in Hart), software subscriptions, equipment and contractor invoices are common, and contractors often ask about IR35, so we review both when preparing your return.