Company Size & Accounting Framework
Determine your Companies Act 2006 company size (micro, small, medium or large) and the applicable UK GAAP accounting framework: FRS 105, FRS 102 Section 1A, or full FRS 102.
Date verificate · iulie 2026
Do I need to meet all three thresholds?
No — you only need to meet two of the three (turnover, balance sheet total, employees) for a size category to apply.
Sursă: Companies Act 2006, ss 382-384 (company size thresholds); FRC — UK accounting standards overview (FRS 100-105 suite), 2025/26. · actualizat 2026
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Totul despre Company Size & Accounting Framework
📋Prezentare+
A company meets a size category — micro, small, or medium — when it satisfies at least 2 of the 3 criteria (turnover, balance sheet total, average employees) for that category, under the Companies Act 2006. This determines whether you can prepare accounts under FRS 105 (micro-entities), FRS 102 Section 1A (small entities, reduced disclosure) or full FRS 102 (medium/large entities), and whether you can file abridged accounts.
💡 Bune practici
- The micro thresholds (turnover £632,000, balance sheet £316,000, 10 employees) are the current in-force figures — a government uplift to these Companies Act thresholds has been announced, so re-check gov.uk before relying on them long-term.
- Meeting the thresholds is a choice, not an obligation — some companies still prepare fuller accounts for lenders or investors.
- Certain company types (public companies, financial institutions, some group companies) can't use the micro or small regimes regardless of size.
🔢 Exemplu concret
£5,000,000 turnover, £2,000,000 balance sheet total, 40 average employees: qualifies as a small company, so FRS 102 Section 1A applies with abridged filing available.
📖Ghid de utilizare+
Cum se folosește acest calculator
- 1
Enter your turnover, balance sheet total and average number of employees for the year.
- 2
Read how many thresholds you meet for the micro and small categories.
- 3
Check the applicable accounting framework and whether abridged filing is available.
- 4
Confirm the classification against your prior year if you're near a threshold boundary.
📚Glosar+
- Two of three test
- A company qualifies for a size category (micro, small, medium) if it meets at least two of the three thresholds — turnover, balance sheet total, average employees — for that category.
- Abridged accounts
- A reduced-format balance sheet and profit and loss account available to micro and small companies, filed at Companies House with fewer disclosures than full accounts.
ℹ️Surse și actualizări+
Ultima actualizare a datelor
7 iulie 2026
Surse și referințe
Companies Act 2006, ss 382-384 (company size thresholds); FRC — UK accounting standards overview (FRS 100-105 suite), 2025/26.
Datele acestui calculator sunt actualizate periodic pentru a reflecta ultimele bareme oficiale. În caz de dubiu, consultați sursele oficiale menționate mai sus.
FAQ — Company Size & Accounting Framework
Do I need to meet all three thresholds?+
No — you only need to meet two of the three (turnover, balance sheet total, employees) for a size category to apply.
What's the difference between FRS 105 and FRS 102 Section 1A?+
FRS 105 (micro-entities) requires the fewest disclosures and no directors' report; FRS 102 Section 1A (small entities) requires more disclosure but still allows abridged accounts and no directors' report requirement for most small companies.