What are micro-entity accounts?
Micro-entity accounts are the simplest form of statutory accounts available to UK companies, prepared under the FRS 105 accounting standard. They pare back the reporting requirements to a balance sheet, a small number of notes and, from periods starting on or after 6 April 2025, a profit and loss account, without the fuller disclosures larger companies must give.
The trade-off for that simplicity is that micro-entity accounts are only available if your company meets the size thresholds, and some readers, such as lenders, may want more detail than a micro-entity balance sheet alone provides.
Do I qualify for micro-entity accounts?
For periods starting on or after 6 April 2025, your company qualifies as a micro-entity if it meets at least two of three conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and no more than 10 employees on average.
You only need to meet two of the three thresholds, so a company that is slightly over on one measure can still qualify. We check your figures against these thresholds as part of preparing your accounts, so you don't need to work this out yourself.
- Turnover of £1 million or less
- Balance sheet total of £500,000 or less
- 10 employees or fewer, on average
What's included in micro-entity accounts filing?
Our micro-entity accounts filing covers preparation of your accounts under FRS 105, a corporation tax computation, and preparation and submission of your CT600 Company Tax Return, for a single fee of £549 + VAT. Any Companies House fee shown is charged at today's rate; if Companies House changes it, we charge the new fee separately.
We file both your accounts at Companies House and your Company Tax Return with HMRC, so you get one point of contact for both statutory obligations rather than juggling two separate deadlines and two separate systems.
Micro-entity accounts and Companies House transparency changes
From April 2028, Companies House is moving to software-only filing and small and micro-entity companies will be required to file a profit and loss account, although you will be able to opt out of having that P&L made public. The current option to file abridged accounts is also being removed.
These changes are being phased in, so the exact filing format you need can depend on your accounting period. We keep our micro-entity accounts service up to date with the current Companies House rules so you're always filing in the correct format.
Micro-entity accounts and your corporation tax return
Filing micro-entity accounts is separate from, but closely linked to, your Company Tax Return. Companies House needs your accounts; HMRC needs a CT600, a computation and, usually, a copy of your accounts, all within 12 months of your accounting period ending.
Preparing both together means the figures in your accounts and your CT600 line up, and it avoids the common mistake of filing accounts on time but forgetting the separate CT600 deadline with HMRC.
What if my accounts or tax return are already overdue?
We are an independent firm of Chartered Accountants, not Companies House or HMRC. If your micro-entity accounts are already overdue, Companies House late filing penalties apply automatically and increase the longer accounts remain outstanding, while HMRC charges separate penalties for a late CT600.
We can still prepare and file overdue micro-entity accounts and tax returns; the sooner we receive your records, the sooner we can bring your filings up to date and stop further penalties accruing.