MDA HOLDINGS LTD
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ANNUAL REPORT 2017
14
Report of the Independent
Auditors to the Members of MDA
Holdings Limited
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities
under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report.
We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in
the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
— the directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
— the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about
the group’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date
when the financial statements are authorised for issue.
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but
does not include the financial statements and our Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this
other information, we are required to report that fact. We have nothing to report in this regard.
We have audited the financial statements of MDA Holdings Limited (the ‘parent company’) and its subsidiaries (the ‘group’) for the year
ended 30 September 2017 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance
Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted
Accounting Practice).
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006.
Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them
in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have
formed.
In our opinion the financial statements:
— give a true and fair view of the state of the group’s and of the parent company affairs as at 30 September 2017 and of the group’s
profit for the year then ended;
— have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
— have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
Opinion
Conclusions relating to going concern
Other information
