Limited company guide
What micro-entity accounts are, who can use them, and what they contain under FRS 105.
Written and reviewed by Waqas Sagar Member of ICAEW, Fellow of ACCA, Fellow of AAT, a double graduate and entrepreneur at heart, helping startups grow and serving thousands of businesses nationwide with an excellent team. Published by LimitedCompany.Accountants, 12 London Road, Morden, London SM4 5BQ. Reviewed 12 September 2026 against 2026/27 UK rates and current Companies House and HMRC guidance.
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QuickBooks PartnerCertified ProAdvisor100+ yearsCombined team experienceFully insuredUp to £2m indemnityMicro-entity accounts are the shortest form of statutory accounts a UK limited company can prepare. They are drawn up under FRS 105, contain a simplified balance sheet and profit and loss account, and carry very few notes.
What micro-entity accounts are
What they contain
What still has to be filed
Micro-entity accounts are the shortest form of statutory accounts a UK limited company can prepare. They are drawn up under FRS 105, contain a simplified balance sheet and profit and loss account, and carry very few notes.
They exist because the smallest companies were previously preparing disclosures nobody read. If your company is a one or two-person consultancy or a small trading company, this is probably the framework you are already using.
A balance sheet with statutory footnotes, a simple profit and loss account, and a statement on the balance sheet confirming the accounts were approved by the board.
FRS 105 prohibits revaluation of property, fair value accounting and deferred tax. That keeps the accounts simple, but it also means the accounts will not show a property at market value, something to weigh if you need to show a lender the real picture.
Micro-entity status does not reduce your HMRC obligations. A full company tax return with detailed accounts and computations still goes to HMRC, along with corporation tax nine months and one day after the period end.
Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.
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We work with company directors across London and Surrey from our office at 12 London Road, Morden, London SM4 5BQ. Pick your area, or send the form below and we will call you back.
Frequently asked
Yes, filed accounts are on the public register at Companies House. Following the Economic Crime and Corporate Transparency Act, small and micro companies must also file a profit and loss account.
Yes. An eligible company may still prepare accounts under FRS 102 Section 1A, which many do when a lender, investor or buyer needs more detail.
Keep bank statements, sales and platform reports, purchase invoices, payroll records, VAT workings, finance agreements and Companies House correspondence. We confirm the exact list at onboarding and identify gaps before a filing deadline becomes urgent.
The fee depends on transaction volume, record quality, VAT and payroll requirements, historic catch-up and the level of reporting needed. We agree a fixed scope and price before technical work starts, with published packages available on our fees page.
Yes. We request professional clearance, collect the prior records and authorities, check the next Companies House and HMRC deadlines, and give you one clear handover list. The process is normally completed remotely.
Yes. We work through secure cloud records, scheduled reviews and digital approvals, while keeping a named team available by phone, video call and email. Clients can also visit our Morden office by appointment.
We regularly work with Xero, QuickBooks, FreeAgent, Sage and connected sales or expense apps. The right setup depends on transaction volume, integrations and the reports you need, not simply the software brand.
The relevant calendar may include annual accounts, Corporation Tax payment and return dates, confirmation statements, VAT returns, payroll submissions and Self Assessment. We map the dates from your company year end and registrations.
No. This page explains general UK rules and common accounting treatment. Your facts, contracts and wider tax position must be reviewed before you rely on a conclusion.
Included approach
Check the current rules
Deadlines, thresholds and filing rules change. GOV.UK and Companies House publish the current statutory position; advice should then be applied to your company’s circumstances.
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