1 As review found that the client has no freehold land and buildings are owned by client.
2 The company is stated at historical cost of fixed assets incurred in the current period. There’s no need for revaluation of fixed assets.
3 There is no impairment and circumstance of fixed assets would be impaired.
4 There have been no circumstances which could give rise to a permanent diminution in the value of the asset.
5 Fixed asset of the Company recognised by cost and calculated depreciation by straight line method.
6 Based on our audit procedure performed, PPE are properly recorded and represent all amounts incurred by the entity during the year and properly described and classified.