A company qualifies as a micro entity if it meets at least two of three criteria in the relevant financial year: turnover no more than £632,000, balance sheet total no more than £316,000, and no more than ten employees. The thresholds must also have been met in the preceding year for new qualifications to apply. We check your figures against the current criteria before starting any work — if you qualify, we proceed under FRS 105; if not, we let you know what the correct reporting standard is and what that means for the fee.

The £250 fixed fee covers preparation of the abbreviated balance sheet and profit and loss account, filing with Companies House, preparation of the CT600 corporation tax return and computation, and submission to HMRC. Basic tax planning to ensure you are not paying more corporation tax than necessary is also included. There are no charges for questions during the process, and no additional fees for standard correspondence with HMRC or Companies House. If your affairs are unusually complex — for example, significant capital transactions or related-party dealings — we would tell you before starting if any additional work falls outside the scope.

Most clients come to us with records that are incomplete, unreconciled, or sitting in a spreadsheet from some months ago. That is not unusual. We will tell you early on exactly what we need and what we can work with. If there is a meaningful amount of catch-up bookkeeping required before the accounts can be prepared, we will scope and quote that separately rather than absorbing the cost into a fixed fee.

No. The micro entity accounts service is a one-off fixed-fee engagement — there is no retainer, no rolling contract, and no minimum term. If you want us to handle next year’s accounts as well, you simply come back. If you prefer to take the work elsewhere, you leave with filed accounts, your records returned, and nothing further owed.

Micro entity status reduces what is publicly visible at Companies House — the abbreviated balance sheet contains significantly less information than full statutory accounts, and you are not required to include a directors’ report or a profit and loss account in the public filing. HMRC, however, still receives the full accounts and your CT600 corporation tax return with computation. The two filings serve different purposes and what one body sees does not determine what the other receives.

Yes — basic corporation tax planning is included in the £250 fee. This covers ensuring all allowable expenses are correctly claimed, capital allowances are applied where eligible, and that the timing of expenditure is considered if it affects the tax position. For more involved planning — for example, R&D tax credits, director loan accounts, or dividend strategy — that falls into advisory work which we can scope and quote separately.