DISCLOSURE REQUIREMENTS FOR MICRO-ENTITIES USING FRS 105

Disclosure Requirements for Micro-entities Using FRS 105

  FRS 105, the Financial Reporting Standard for Micro-entities, simplifies financial reporting for the smallest businesses in the UK. Designed to reduce the administrative burden on micro-entities, it aligns with the thresholds and obligations outlined in the Companies Act 2006.  However, even under its simplified framework, there are s

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