─── Fixed-Fee Micro-Entity Accountants & Accounts Filing Services

Micro Entity Accounts Filing Services in Shetland

Micro Entity Accounts provides professional support with preparing and filing micro-entity accounts for eligible companies in Shetland. We handle FRS 105 financial statements, Companies House filing, and Corporation Tax requirements with clarity. Our service is straightforward, with transparent fixed-fee pricing and no hidden costs.

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.

Micro-Entity Accounts: Key UK Requirements

Companies must satisfy specific criteria set by Companies House and HMRC to be treated as micro-entities and to file micro-entity accounts. We ensure your balance sheet, related statements, and tax submissions meet UK micro-entity reporting standards. Generally, a company must meet at least two of the applicable conditions, subject to the rules for its accounting period and circumstances.

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)

─── OUR MICRO-ENTITY SERVICES

What's Included in Our Micro-Entity Accounts Service?

Our fixed-fee service covers the key accounts and filing requirements typically needed by qualifying micro-entity companies, from annual accounts preparation to Corporation Tax and Companies House filing.

Micro-Entity Accounts Preparation

Preparation of your annual statutory accounts in accordance with the applicable micro-entity reporting requirements.

Companies House Filing

We prepare and submit your company's statutory accounts to Companies House.

Corporation Tax Return (CT600)

Preparation of your Company Tax Return and supporting information for HMRC.

Confirmation Statement

Support with your company's annual Companies House Confirmation Statement.

Dormant Company Accounts

Accounts and filing support for companies that are dormant or have little or no trading activity.

─── Who It’s For

Who We Help

Our micro-entity accounts filing service is designed for eligible private limited companies and other qualifying entities in Shetland. Whether you run a startup, work as a contractor through your own company, manage a property investment SPV, or operate an ecommerce or side business, we can assist if your company meets the micro-entity criteria. Eligibility depends on your legal structure and the applicable requirements, so we review your circumstances to confirm suitability.

Owner-managed limited companies
Contractor personal service companies
Property investment special purpose vehicles
Ecommerce and online retail companies
Startups and side businesses operating through a limited company

─── How It Works

How Our Micro-Entity Accounts Filing Service Works

Sharing Information with an Accountant

You share your business details, bank statements, and bookkeeping records through secure digital platform.

Company Accounts and Tax Returns Prep

We prepare your micro-entity accounts, CT600 Corporation Tax Return and any required supporting information based on the financial records you provide.

Review & Approval of Drafts

We prepare draft accounts and tax returns, then send them to you for approval with clear explanations and adjustments.

Submit to HMRC & Companies House

We prepare and file your micro-entity accounts with Companies House and your CT600 with HMRC on your behalf, ensuring accuracy & timely submission.

─── Why Choose Us

Why Choose Our Micro-Entity Accountants?

We specialise in keeping micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

Paperless Onboarding

Set up your entire accounting system in minutes with our fully digital, secure online services.

Year-End Strategy

Strategic planning sessions before your financial year ends to optimise your dividends and salary.

Fully Qualified Accountants

All work is handled by UK-qualified, experienced accountants who specialise in micro-businesses.

Fixed Fee, No Hidden Costs

Simple, transparent pricing, just one simple fixed fee for all your micro-entity accounting and filing.

─── MICRO-ENTITY ACCOUNTING

Simpler Statutory Reporting for Small Companies

Micro-entity accounts provide a simplified statutory reporting framework for qualifying companies and eligible entities. They are prepared under FRS 105 and involve reduced disclosure requirements, making the process more straightforward than full accounts. Micro Entity Accounts can assist with preparing your micro-entity accounts and filing them with Companies House, while also addressing any separate Corporation Tax obligations via CT600 returns to HMRC.

Reduced disclosure requirements
Prepared under FRS 105
Simplified balance sheet and notes
Eligibility based on turnover, balance sheet, and employee numbers

─── Who We Help

Accounting Support for Micro-Entities Across the UK

We support qualifying micro-entity companies across London, from one-director businesses and freelancers to startups, consultants and online businesses.

One-Director Companies

Straightforward annual accounts and tax filing support for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for freelancers and contractors operating through qualifying limited companies.

Startups & Small Companies

Practical accounting support for newly incorporated and established micro companies.

Qualified & Regulated Accounting Professionals

At Micro Entity Accounts, all our accountants are fully qualified professionals, holding certifications from leading UK accounting bodies including ICAEW, ACCA, and AAT. This ensures you receive expert advice, accurate reporting, and a high standard of service for your business needs.

─── Stay Compliant

Stay Compliant with Companies House and HMRC

Micro Entity Accounts helps eligible businesses in Shetland manage their statutory accounts and related filing requirements. We prepare micro-entity accounts under FRS 105 and file them with Companies House, while also assisting with CT600 Corporation Tax Returns for HMRC where applicable. It's important to understand that filing statutory accounts with Companies House is separate from submitting your Corporation Tax Return to HMRC.

Preparation of FRS 105 micro-entity accounts
Companies House filing of statutory accounts
CT600 Corporation Tax Return preparation and HMRC submission
Confirmation statement support
Statutory deadline monitoring to help avoid late-filing penalties

Need accurate accounts filed simply? Let us handle it.

If you’re unsure whether your company qualifies for micro-entity accounts or how to prepare them correctly, Micro Entity Accounts can help. We manage FRS 105 accounts preparation, Companies House filing, and CT600 returns. Get in touch today for clear, professional support.

─── FAQs

Your Questions, Answered

Common questions from directors of small UK limited companies. Can’t see yours? Ask us directly and we’ll answer the same working day.

What are micro-entity accounts?

Micro-entity accounts are a simplified form of statutory accounts available to qualifying small companies. They are prepared under the FRS 105 accounting standard and require reduced disclosures compared to full accounts, making them quicker and easier to prepare.

Who can qualify for micro-entity accounts?

Private limited companies and other eligible entities, such as some LLPs, may qualify if they meet the micro-entity criteria. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of three conditions: 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.

What are the current micro-entity eligibility requirements?

For accounting periods starting on or after 6 April 2025, the thresholds are turnover not over £1 million, balance sheet total not over £500,000, and an average of 10 or fewer employees. Companies must satisfy at least two of these conditions, subject to the rules applicable to their circumstances. Earlier periods may have different limits.

What is FRS 105?

FRS 105 is the financial reporting standard that applies to micro-entities in the UK. It sets out the recognition, measurement, and disclosure requirements for preparing micro-entity accounts, allowing a simplified balance sheet and reduced notes compared to other frameworks.

What is the difference between filing accounts with Companies House and submitting a CT600 to HMRC?

Statutory accounts are filed with Companies House to meet company law obligations, while a CT600 Corporation Tax Return is submitted to HMRC to report taxable profits. These are separate filings with different deadlines and purposes. We assist with both to keep you compliant.

What information do I need to provide for micro-entity accounts preparation?

Typically, we need your company's financial records, including bank statements, invoices, expense receipts, and details of any loans or investments. If your records are incomplete, we can advise on what's missing and help you organise them, but we cannot prepare accounts without accurate information.

Can a startup or contractor use micro-entity accounts?

Yes, if the business operates through a limited company that meets the micro-entity criteria, it can use the micro-entity regime. Many contractors and startups qualify based on their turnover and balance sheet size. We can review your company's circumstances to confirm eligibility.

How does your fixed-fee pricing work?

We offer transparent, fixed-fee pricing for our micro-entity accounts filing service. This means you'll know the cost upfront before any work begins, with no hidden charges. The fee depends on the complexity of your company's affairs, and we'll confirm it before proceeding.