Accountancy HWB is supervised by Intuit of Accountants & Bookkeepers (IAB). We can complete your bookkeeping draw up you financial statements under FRS105  for micro-entity.

 

Accountancy HWB offers packages for Micro Limited companies from £500.  Please contact us for a bespoke quotation for your business. As a small business you don't need to engage with an expensive accountant, call us for a bespoke quotation.

 

Eligibility criteria

 

A micro-entity qualifies to use FRS 105 if it does not exceed two, or more, of the following criteria

• Turnover of not more than £632,00
• Balance sheet total (i.e. fixed assets plus current assets) of not more than £316,00
• Not more than an average of 10 employees.

 

The following types of entity are not eligible to use FRS 105:

•  charities
•  any companies excluded from the small companies’ regime
•  financial institutions
•  credit institutions
•  insurance institutions
• small parent companies that choose to prepare group accounts (thus if a micro-entity’s financial statements are  consolidated in with those of a parent, that micro-entity cannot apply (FRS 105); and
• public companies.