FRS 105 Micro-Entity Accounts Prepared Simply and Filed On Time
Qualify as a micro-entity? ABM Chartered Accountants prepares simplified FRS 105 accounts that meet every UK GAAP requirement, files them with Companies House, and aligns them with your corporation tax return. Straightforward, affordable, and always on time.
Simplified Accounts for Micro-Entity Companies
FRS 105 is the simplest UK accounting framework, designed specifically for micro-entities. It means fewer disclosures, no cash flow statement, and no directors’ report, making compliance faster and more affordable. ABM Chartered Accountants prepares your FRS 105 accounts accurately, ensuring they meet UK GAAP requirements without unnecessary complexity.
Our ICAEW and ACCA qualified accountants work with micro-entities across a wide range of industries. We prepare your simplified balance sheet and profit and loss, file everything with Companies House, and check your eligibility each year so you always know which framework applies to your company.
What Our FRS 105 Service Covers
From preparing your simplified accounts to planning ahead for when your company grows, here is how ABM Chartered Accountants supports micro-entities with efficient, compliant FRS 105 reporting.
Micro-Entity Accounts
Simplified FRS 105 accounts prepared for qualifying micro-entities with reduced disclosure needs.
Companies House Filing
Electronic filing of your micro-entity accounts with Companies House before every annual deadline.
Tax-Aligned Accounts
Micro-entity accounts prepared with your corporation tax return in mind for a seamless tax process.
Eligibility Review
Assessment of your micro-entity status to confirm you still qualify for the FRS 105 framework.
Annual Compliance
Ongoing yearly accounts preparation and filing to keep your micro-entity fully compliant with HMRC.
FRS 102 Transition
Managed step-up from FRS 105 to FRS 102 when your company grows beyond the micro-entity thresholds.
Less Paperwork, Lower Costs, Full Compliance
The micro-entity regime exists to reduce the reporting burden on the smallest companies. You do not need a cash flow statement, detailed notes, or a directors’ report. That means less time, lower costs, and a simpler process. ABM Chartered Accountants helps you take full advantage of those simplifications.
But simplified does not mean careless. Your accounts still need to be accurate, your filings still need to be on time, and your tax return still needs to match. With a chartered accountant handling your FRS 105 accounts, you get the efficiency of a simple framework with the accuracy of professional preparation.
FRS 105 Accounts for Micro-Entities Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants prepares FRS 105 micro-entity accounts for qualifying companies throughout the UK. Everything is handled online, so your location is never a barrier.
Micro-Entity Accounts for Every Kind of Business
We prepare FRS 105 accounts for micro-entities in retail, hospitality, professional services, construction, e-commerce, property, and technology. Whatever your industry, our team delivers simplified reporting that meets your obligations efficiently.
Why Micro-Entities Choose ABM Chartered Accountants
Chartered Quality
ICAEW and ACCA qualified accountants delivering accurate micro-entity accounts.
Growth-Ready
We monitor your thresholds and manage the move to FRS 102 when needed.
Affordable and Efficient
Simplified accounts at a fair price, with no hidden charges or surprises.
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 105 questions we hear most often. Contact our team for tailored guidance.
What is FRS 105?
FRS 105 is the UK accounting standard for micro-entities. It offers a simplified reporting framework with fewer disclosure requirements, no cash flow statement, and no directors’ report. It is designed to reduce the compliance burden on the smallest companies.
How do I know if my company qualifies as a micro-entity?
Your company qualifies as a micro-entity if it meets at least two of three criteria: turnover of 632,000 pounds or less, a balance sheet total of 316,000 pounds or less, and an average of ten or fewer employees.
What happens if my company outgrows the thresholds?
If you exceed two of the three size criteria, your company will need to move to FRS 102. ABM Chartered Accountants monitors your thresholds and manages the transition smoothly when it becomes necessary.
Do I still need to file accounts with Companies House?
Yes. Even under FRS 105, your micro-entity accounts must be filed with Companies House within nine months of your financial year end. ABM Chartered Accountants handles the filing electronically on your behalf.
Are FRS 105 accounts cheaper to prepare?
Generally yes. Because FRS 105 requires fewer disclosures and simpler financial statements, the preparation work is less involved than FRS 102. ABM Chartered Accountants offers affordable, fixed-fee pricing for micro-entity accounts.
Can you align my accounts with my corporation tax return?
Yes. We prepare your FRS 105 accounts with your corporation tax return in mind, so the figures align from the start. This avoids duplication and ensures your tax filing is accurate without additional work.