Micro-entity Accounts Preparation

Expert micro-entity accounts preparation. FRS 105 micro-entity accounts for qualifying small companies under UK GAAP. FRS 105 provides a simplified accounting framework for micro-entities, reducing the reporting burden while maintaining compliance with UK accounting standards. Our team has extensive experience in FRS 105 compliance, ensuring your accounts meet micro-entity requirements efficiently.

Micro-entity Eligibility

A company qualifies as a micro-entity if it meets at least two of the following criteria:

Turnover: £632,000 or less
Balance sheet total: £316,000 or less
Average number of employees: 10 or fewer

Micro-entities can prepare simplified accounts under FRS 105, which reduces the reporting requirements compared to FRS 102.

Micro-entity Accounts Preparation Services

FRS 105 Micro-entity Accounts: Complete preparation of micro-entity accounts under FRS 105
Simplified Balance Sheet: Simplified balance sheet with reduced disclosure requirements
Simplified Profit & Loss Account: Streamlined income statement presentation
Companies House Filing: Filing of micro-entity accounts with Companies House
HMRC Corporation Tax Return: Corporation tax return preparation aligned with micro-entity accounts
Micro-entity Compliance Reviews: Reviews to ensure ongoing micro-entity eligibility

FRS 105 Micro-entity Features

FRS 105 provides simplified accounting for micro-entities:

Simplified Balance Sheet: Reduced disclosure requirements compared to FRS 102
Simplified Profit & Loss Account: Streamlined income statement presentation
No Cash Flow Statement: Micro-entities are not required to prepare a cash flow statement
Reduced Notes: Minimal notes to the accounts required
No Directors' Report: Micro-entities are not required to prepare a directors' report

Why Choose Acumon for Micro-entity Accounts?

Extensive experience in micro-entity accounts preparation
Deep understanding of FRS 105 requirements and micro-entity eligibility
Efficient, cost-effective preparation that meets regulatory deadlines
Clear, simplified reporting tailored to micro-entity needs
Ongoing support and advice on micro-entity matters and eligibility changes
Seamless transition to FRS 102 if your company grows beyond micro-entity thresholds

Integration with Other Services

Our micro-entity accounts preparation services integrate seamlessly with our other services:

FRS 105 Accounts Preparation - Comprehensive FRS 105 accounts services
Accounts and Bookkeeping Services - Supporting bookkeeping for micro-entity accounts
Tax Advisory Services - Tax planning aligned with micro-entity accounts

Micro-entity Accounts London