FRS 105 Micro-Entity Eligibility
Check whether your company qualifies as a micro-entity under FRS 105 (simplified accounts, no directors' report) by testing turnover, balance sheet total and employee count.
Gegevens gecontroleerd · juli 2026
Do I need to meet all three thresholds?
No — you only need to meet two of the three (turnover, balance sheet total, employees) to qualify as a micro-entity.
Bron: Financial Reporting Council — FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime; Companies House — Micro-entity accounts guidance, 2025/26. · bijgewerkt 2026
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Alles over FRS 105 Micro-Entity Eligibility
📋Overzicht+
A UK company qualifies as a micro-entity, and may prepare accounts under FRS 105, if it meets at least two of three thresholds: turnover no more than £632,000, balance sheet total no more than £316,000, and average employees no more than 10. Micro-entity accounts are minimal — a simplified balance sheet and profit and loss account, no directors' report, and abridged notes filed at Companies House.
💡 Best practices
- Meeting the thresholds is a choice, not an obligation — some companies still prepare fuller FRS 102 accounts for lenders or investors.
- The two-of-three test uses the current and prior year in most cases — a one-off breach doesn't immediately disqualify you.
- Certain company types (public companies, financial institutions, some group companies) can't use the micro-entities regime regardless of size.
🔢 Concreet voorbeeld
£450,000 turnover, £120,000 balance sheet total, 6 average employees: all three thresholds met, so the company qualifies as a micro-entity under FRS 105.
📖Handleiding+
Zo gebruikt u deze rekentool
- 1
Enter your turnover, balance sheet total and average number of employees for the year.
- 2
Enter cost of sales, other charges and the tax charge to see a full profit and loss.
- 3
Read how many of the three thresholds you meet — you need at least two.
- 4
Review the eligibility verdict before choosing your accounting framework.
📚Woordenlijst+
- Micro-entity
- A company meeting at least two of the three FRS 105 size thresholds (turnover, balance sheet total, employees), entitled to file minimal accounts under the micro-entities regime.
- FRS 105
- The Financial Reporting Standard applicable to the Micro-entities Regime — a simplified UK GAAP framework with fewer disclosures than FRS 102.
ℹ️Bronnen & updates+
Laatste gegevensupdate
7 juli 2026
Bronnen en referenties
Financial Reporting Council — FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime; Companies House — Micro-entity accounts guidance, 2025/26.
De gegevens van deze rekentool worden regelmatig bijgewerkt volgens de laatste officiële tarieven. Raadpleeg bij twijfel de bovenstaande officiële bronnen.
FAQ — FRS 105 Micro-Entity Eligibility
Do I need to meet all three thresholds?+
No — you only need to meet two of the three (turnover, balance sheet total, employees) to qualify as a micro-entity.
Can every small company use FRS 105?+
No — certain entities such as public companies, banks, insurers and some group members are excluded from the micro-entities regime regardless of size.