MDA HOLDINGS LTD
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ANNUAL REPORT 2017
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the
audit, we have not identified material misstatements in the Report of the Directors.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
— adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received
from branches not visited by us; or
— the parent company financial statements are not in agreement with the accounting records and returns; or
— certain disclosures of directors’ remuneration specified by law are not made; or
— we have not received all the information and explanations we require for our audit; or
— the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage
of the small companies’ exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the
Directors.
As explained more fully in the Statement of Directors’ Responsibilities, the directors are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the group’s and the parent company’s ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frommaterial misstatement,
whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website
at
. This description forms part of our Report of the Auditors.
In our opinion, based on the work undertaken in the course of the audit:
— the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent
with the financial statements; and
— the Report of the Directors has been prepared in accordance with applicable legal requirements.
Responsibilities of directors
Our responsibilities for the audit of the financial statements
Opinion on other matters prescribed by the Companies Act 2006
15
Peter Nicholls (Senior Statutory Auditor)
for and on behalf of Bessler Hendrie
Chartered Accountants
Statutory Auditor
Albury Mill
Mill Lane
Chilworth
Guildford
Surrey
GU4 8RU
12 December 2017
