FRS 102 Accounts Prepared by Experienced UK Chartered Accountants
Does your company report under FRS 102? ABM Chartered Accountants prepares fully compliant FRS 102 financial statements, handles transitions from other frameworks, and provides ongoing technical support to keep your reporting accurate.
FRS 102 Accounts You Can Rely On
FRS 102 is the main UK accounting standard for companies that have outgrown the micro-entity or small company regime. It brings more detailed disclosure requirements, a cash flow statement, and specific rules on areas like leases, revenue, and financial instruments. ABM Chartered Accountants prepares FRS 102 accounts that meet every requirement.
Our ICAEW and ACCA qualified team has practical experience preparing FRS 102 accounts for standalone companies and groups across a range of sectors. Whether you are transitioning from FRS 105 for the first time or need help with complex areas like Section 20 or Section 23, we handle the detail.
What Our FRS 102 Service Includes
From preparing your financial statements to navigating complex disclosure requirements, here is how ABM Chartered Accountants delivers accurate, compliant FRS 102 accounts for your business.
Accounts Preparation
Full preparation of financial statements under FRS 102, compliant with UK GAAP and Companies Act.
FRS 102 Transition
Managed transition from old UK GAAP or FRS 105 to FRS 102, including restated opening balances.
Disclosure Compliance
Ensuring all required FRS 102 notes, accounting policies, and disclosures are accurate and complete.
Consolidated Accounts
FRS 102 group accounts with intercompany eliminations and consolidation adjustments handled fully.
Complex Standards
Expert application of FRS 102 sections covering leases, revenue, financial instruments, and more.
FRS 102 Advisory
Ongoing technical guidance on FRS 102 accounting treatments, policy choices, and standard updates.
Get FRS 102 Right and Avoid Costly Errors
FRS 102 is more demanding than the simpler frameworks many smaller companies are used to. Missing disclosures, incorrect accounting treatments, or failing to apply the right sections properly can lead to audit qualifications, filing delays, and a loss of stakeholder confidence. ABM Chartered Accountants makes sure none of that happens.
When your FRS 102 accounts are prepared correctly, they do more than satisfy a regulatory requirement. They give investors, lenders, and directors a transparent, reliable view of your financial position. That credibility matters when you are raising finance, going through due diligence, or reporting to a parent company.
FRS 102 Accounts for UK Companies of Every Size
Based in Canary Wharf, London, ABM Chartered Accountants prepares FRS 102 accounts for medium-sized companies, large entities, and groups throughout the UK. Our approach is thorough, efficient, and technically sound.
FRS 102 Expertise Tailored to Your Sector
We prepare FRS 102 accounts for companies in financial services, technology, property, construction, manufacturing, healthcare, and professional services. Each sector brings specific reporting challenges, and our team understands how to address them.
Why Companies Choose ABM Chartered Accountants for FRS 102
Technical Depth
ICAEW and ACCA qualified accountants with hands-on FRS 102 experience.
Transition Specialists
Smooth moves from FRS 105 or old UK GAAP handled without disruption.
Fully Integrated
FRS 102 accounts that connect with your tax, audit, and compliance needs.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the FRS 102 questions we hear most often. Contact our team for tailored guidance.
What is FRS 102?
FRS 102 is the main UK accounting standard for companies that are not micro-entities or eligible for the small company regime. It sets out the recognition, measurement, and disclosure rules that apply to your financial statements under UK GAAP.
Which companies need to use FRS 102?
FRS 102 applies to medium and large companies, groups preparing consolidated accounts, and any entity that exceeds two of three size thresholds: turnover above 10.2 million pounds, assets above 5.1 million, or more than 50 employees.
What is the difference between FRS 102 and FRS 105?
FRS 105 is a simplified standard for micro-entities with fewer disclosure requirements and no cash flow statement. FRS 102 is more detailed and applies to larger businesses. ABM Chartered Accountants helps companies transition when they outgrow FRS 105.
Can you help us transition to FRS 102?
Yes. ABM Chartered Accountants manages the full transition, including restating your opening balances, adjusting accounting policies, and preparing a reconciliation between your previous framework and FRS 102. We make the process as smooth as possible.
Do you prepare FRS 102 consolidated accounts?
Yes. We prepare consolidated financial statements under FRS 102 for groups with subsidiaries, associates, and joint ventures. This includes intercompany eliminations, goodwill calculations, and consistent application of accounting policies across all entities.
How much do FRS 102 accounts cost?
Fees depend on the size and complexity of your company, the number of transactions, and whether a transition from another framework is needed. ABM Chartered Accountants provides clear, fixed-fee quotes after an initial discussion.