Micro-entity accounts software
Micro-entity accounts under FRS 105 are a balance sheet with a few notes at its foot and a profit and loss account for the members. Software should check that the company qualifies, build both statements in the micro formats, add the statements above the signature and prepare the filing version. In StatutoryAccounts.io they cost £129 a year, excluding VAT.
Key facts
| Micro-entity limits | Two of: turnover up to £1m, balance sheet total up to £500,000, up to 10 employees (years from 6 April 2025) |
|---|---|
| Standard | FRS 105, historical cost, no deferred tax |
| Filed | Balance sheet and notes; the profit and loss account is optional |
| Directors' report | Not required |
| Price in StatutoryAccounts.io | £129 per company per financial year, excluding VAT; first set of accounts in an account free |
| Status | Trial balance import, CT600 module and iXBRL output in preparation; accounts prepared for filing, not submitted |
As at 25 October 2026.
What micro-entity software must check
- Eligibility. Two of the three limits, normally in two consecutive years, with the transitional rule for years beginning on or after 6 April 2025, and the exclusions: charities, public companies, financial companies, and companies included in group accounts. Try the micro-entity checker.
- The formats. The micro-entity balance sheet and profit and loss account lines in their statutory order, with comparatives.
- The notes. Directors' advances and guarantees, average employees, off-balance sheet arrangements and commitments, at the foot of the balance sheet.
- The statements. The micro-entity statement and, if exempt from audit, the three audit exemption statements, above the director's signature, with the director's printed name.
- No extras. No revaluations, fair values or deferred tax: FRS 105 does not allow them.
See the example of micro-entity accounts for the result.
When FRS 105 is not the right choice
A micro-entity may choose FRS 102 Section 1A instead, for example to show property at valuation or to give fuller notes. Software should let it. A company that has outgrown the limits in two consecutive years moves to the small company rules: FRS 102 Section 1A, a directors' report, and more notes.
Micro-entity accounts in StatutoryAccounts.io
StatutoryAccounts.io works out the size from the figures, applies FRS 105 and the micro formats when the company qualifies, adds the notes and statements, and prepares the balance sheet for filing. The price for a micro-entity is £129 per financial year, excluding VAT, with the CT600 for that year included; the first set of accounts in an account is free.
Frequently asked questions
What are micro-entity accounts?
Accounts prepared under the micro-entity provisions and FRS 105: a balance sheet with a few notes at its foot and a short profit and loss account, presumed to give a true and fair view.
Do micro-entities have to file a profit and loss account?
No. A micro-entity may file only its balance sheet and notes. The requirement to file the profit and loss account was paused on 23 October 2026.
How much does StatutoryAccounts.io cost for a micro-entity?
£129 per company per financial year, excluding VAT, with the CT600 for that year included. The first set of accounts in an account is free.
Can a charity use micro-entity accounts software?
No. Charities cannot use the micro-entity provisions, and charitable companies are outside the scope of StatutoryAccounts.io.
Sources
- Companies Act 2006, section 384A
- Companies Act 2006, section 384B
- Companies Act 2006, section 444
- FRC: FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime (September 2024)
- Companies House: preparing and filing Companies House accounts
- Companies House: update to accounts filing from April 2028 (23 October 2026)
Prepare your statutory accounts
Create an account and set up your company from the Companies House register; your first set of accounts is free. The trial balance import and the CT600 are in preparation.
Join the waitlistGeneral information about UK company law and tax, not legal or tax advice. The directors remain responsible for the accounts and returns they approve and file.