MDA HOLDINGS LTD
|
ANNUAL REPORT 2016
14
Report of the Independent
Auditors to the Members of MDA
Holdings Limited
As explained more fully in the Statement of Directors’ Responsibilities set out on page thirteen, the directors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express
an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those
standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.
In our opinion the financial statements:
— give a true and fair view of the state of the group’s and of the parent company’s affairs as at 30 September 2016 and of the
group’s profit for the year then ended;
— have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller
Entities; and
— have been prepared in accordance with the requirements of the Companies Act 2006.
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance
that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of:
whether the accounting policies are appropriate to the group’s and the parent company’s circumstances and have been consistently
applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall
presentation of the financial statements. In addition, we read all the financial and non-financial information in the Report of the Directors to
identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect
based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any
apparent material misstatements or inconsistencies we consider the implications for our report.
In our opinion 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.
We have audited the financial statements of MDA Holdings Limited for the year ended 30 September 2016 on pages eighteen to thirty
one. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard
for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
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.
Respective responsibilities of directors and auditors
Opinion on financial statements
Opinion on other matter prescribed by the Companies Act 2006
Scope of the audit of the financial statements
