You likely qualify for simplified micro-entity accounts — less paperwork, lower cost, filed properly. Most small UK companies under £1M turnover fall into this category without realising it.
Is this you?
- A UK limited company with turnover under £1M
- Meet at least two of: turnover under £632k, assets under £316k, fewer than 10 employees
- Want simplified accounts, not a full statutory filing
- Don’t want an ongoing monthly retainer for a straightforward annual filing
FAQs about Micro-Entity Companies
Still not sure? Email a chartered accountant directly — we reply the same working day.
Does my company qualify as a micro-entity?
Generally yes, if you meet at least two of these: turnover under £632,000, balance sheet total under £316,000, and fewer than 10 employees.
What’s the difference between micro-entity and full statutory accounts?
Micro-entity accounts (FRS 105) require less disclosure and are simpler to prepare — full statutory accounts (FRS 102) are needed once you outgrow these thresholds.
Do I still need to file a Corporation Tax return separately?
Yes — your CT600 is filed alongside your accounts, we handle both together.
What if I’ve outgrown micro-entity status this year?
Get in touch — we’ll tell you honestly if you now need our Year-End & Statutory Accounts service instead.
See our fixed-fee Micro-Entity Accounts Filing service
