Choice Bookkeeping is licenced and regulated by Intuit of Certified Bookkeepers (icb). We can complete your bookkeeping draw up you financial statements under FRS105 for micro-entity.
Choice Bookkeeping 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.
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:
- 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.
South Wales Office: 01291 639626
West Wales Office: 01437 531158