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Small and micro-entity reporting

Companies and other entities may choose to prepare and file their accounts in accordance with the small companies regime or the micro-entities regime, subject to meeting the relevant criteria. The Corporate Reporting Faculty outlines the eligibility criteria and the options available.

Which regime?

Choosing the right regime

A guide through the choices and reporting requirements available for small and micro-entities.
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Small and micro-entity reporting compared

A guide to the differences between applying FRS 102 Section 1A and FRS 105.
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Small and micro entities: topical reporting issues

Specifically aimed at preparation of accounts under Section 1A Small Entities of FRS 102, and FRS 105 for micro-entities, this webinar covers topical reporting issues relevant to late 2024 and early 2025 year-ends, along with an overview of upcoming accounting and regulatory developments.
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Exclusive

FRS 102 amendments – section 1A

Helpsheet explaining the Periodic Review 2024 amendments to FRS 102 Section 1A, effective from January 2026. Key changes include expanded related party disclosures, additional requirements for leases, revenue recognition, share-based payments, and taxation for small companies.
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Small companies regime

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Entitlement to the small companies regime

A step by step guide through the criteria for the small companies regime.

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Small entity reporting – simplifications

Reporting requirements and options for entities entitled to the small companies regime.

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Small company filing options

A guide to the filing options and statements required for small company accounts.

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Micro entities regime

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Entitlement to the micro-entities regime

A step by step guide through the criteria for the micro-entities regime.

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Overhead shot of a workspace featuring a laptop, a pair of glasses, a pen, a smartphone, an alarm clock and a small potted plant on a white surface.
Micro-entity reporting – simplifications

Reporting requirements and options for entities entitled to the micro-entities regime.

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An analogue clock on top of two stacked, hardback book. Next to the books is a small potted succulent plant in a stone-like container and a grey cylindrical cup.
Micro-entities filing options

A guide to the filing options and statements required for micro-entity accounts.

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Further resources

Preparing and filing UK small entity accounts Preparing and filing Micro-Entity accounts Entitlement to the micro small medium and large companies regime FRS 102: Section 1A Small Entities Balance sheet statements for small companies and LLPs Small LLPs filing options FAQs

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Changes in company size thresholds and directors’ report requirements

New regulations that increase company size thresholds and remove certain requirements from the directors’ report are effective from 6 April 2025.
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Periodic Review 2024 amendments

Effective for accounting periods beginning on or after 1 January 2026 in most cases, the Periodic Review 2024 amendments introduce significant changes to UK GAAP.
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