WindarPhotonics AnnualReport 2018 All - Flipbook - Page 41
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
strategic report or the Directors’
report.
We have nothing to report in
respect of the following matters
in relation to which 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.
RESPONSIBILITIES OF
DIRECTORS
As explained more fully in the
Directors’ responsibilities statement
set out on page 21, 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
is 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.
AUDITOR’S
RESPONSIBILITIES
FOR THE AUDIT OF THE
FINANCIAL STATEMENTS
Our objectives are to obtain
reasonable assurance about
whether the financial statements
as a whole are free from material
misstatement, whether due to
fraud or error, and to issue an
auditor’s report 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.
the Parent Company and the Parent
Company’s members as a body,
for our audit work, for this report,
or for the opinions we have formed.
John Everingham
(Senior Statutory Auditor)
For and on behalf of BDO LLP,
Statutory Auditor
Gatwick, UK
27 June 2019
BDO LLP is a limited liability
partnership registered in
England and Wales
(with registered number
OC305127).
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: www.frc.org.uk/
auditorsresponsibilities.
This description forms part of our
auditor’s report.
USE OF OUR REPORT
This report is made solely to the
Parent 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 Parent Company’s members
those matters we are required to
state to them in an auditor’s report
and for no other purpose. To the
fullest extent permitted by law,
we do not accept or assume
responsibility to anyone other than
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