Micro Entity Accounts Filing Services in Market Harborough

Micro-entity accounts are a simplified form of statutory accounts that eligible small companies can prepare under the micro-entity regime. They contain reduced disclosures compared to full statutory accounts and are prepared using the FRS 105 standard. These accounts are filed with Companies House.

Companies may qualify if they meet certain size criteria, including an annual 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. Generally, a company must meet at least two of these conditions, subject to the rules for its accounting period.

For accounting periods beginning on or after 6 April 2025, the thresholds are annual turnover no more than £1 million, balance sheet total no more than £500,000, and an average of no more than 10 employees. A company generally needs to meet at least two of these conditions, but eligibility can depend on its specific circumstances.

FRS 105 is the financial reporting standard that applies to qualifying micro-entities in the UK. It sets out the disclosure and measurement requirements for micro-entity accounts. Using FRS 105 allows companies to prepare simplified accounts with reduced disclosures.

We typically need your company's financial records, including bank statements, invoices, receipts, and details of any loans or share capital. If your bookkeeping is up to date, we can work from that. If not, we can assist with bringing your records in order as part of the service.

Our service includes preparation of the statutory micro-entity accounts, filing them with Companies House, and, where applicable, preparation of the CT600 Corporation Tax Return for HMRC. We also provide guidance on eligibility and ensure that all required information is provided accurately.

Yes, micro-entity accounts are statutory accounts that must be filed with Companies House. They are separate from the Corporation Tax Return, which is submitted to HMRC. We handle both filings where required.

Yes, filing micro-entity accounts with Companies House does not automatically satisfy your Corporation Tax obligations. You will likely need to submit a CT600 Corporation Tax Return to HMRC separately, unless the company is exempt. We can assist with both filings to ensure you meet all requirements.

Yes, some LLPs may qualify for micro-entity reporting if they meet the applicable requirements. The eligibility criteria are similar to those for companies, but you should check with a professional to confirm your LLP's status.

We offer simple fixed-fee pricing, so you know exactly what our service will cost before we begin work. We do not have hidden costs or surprise charges. For a specific quote, please contact us with details of your company's circumstances.

If your records are not complete, we can help you organise what you have and advise on any missing information. We may also offer bookkeeping support to bring your records up to date, ensuring we can prepare your accounts accurately.

To get started, simply contact us through our website or by phone. We'll discuss your company's situation, confirm eligibility, and explain the process. Once you provide the necessary information, we'll get to work on your accounts and filing.