Comtest Wireless Limited - Limited company accounts 23.1
Comtest Wireless Limited - Limited company accounts 23.1
REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements |
for the Year Ended 31st December 2022 |
for |
Comtest Wireless Limited |
Comtest Wireless Limited (Registered number: 06735280) |
Contents of the Financial Statements |
for the Year Ended 31st December 2022 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Report of the Independent Auditors | 3 |
Income Statement | 5 |
Other Comprehensive Income | 6 |
Balance Sheet | 7 |
Statement of Changes in Equity | 8 |
Notes to the Financial Statements | 9 |
Comtest Wireless Limited |
Company Information |
for the Year Ended 31st December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
4 Claridge Court, Lower Kings Road |
Berkhamsted |
Hertfordshire |
HP4 2AF |
Comtest Wireless Limited (Registered number: 06735280) |
Report of the Directors |
for the Year Ended 31st December 2022 |
The directors present their report with the financial statements of the company for the year ended 31st December 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of mobile and railway telecommunications as well as acting as holding company for the group. |
DIRECTORS |
The directors who have held office during the period from 1st January 2022 to the date of this report are as follows: |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
AUDITORS |
The auditors, Haines Watts (Berkhamsted) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Comtest Wireless Limited |
Opinion |
We have audited the financial statements of Comtest Wireless Limited (the 'company') for the year ended 31st December 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31st December 2022 and of its loss 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 |
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 company 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. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other information |
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, except to the extent otherwise explicitly stated in our report, 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 we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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. |
Opinions on other matters prescribed by the Companies Act 2006 |
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. |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the 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, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the 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 take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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 company or to cease operations, or have no realistic alternative but to do so. |
Report of the Independent Auditors to the Members of |
Comtest Wireless Limited |
Auditors' 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 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. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: |
- We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which it operates. We determined that the following laws and regulations were most significant: The Companies Act 2006, UK GAAP, the UK Corporate Governance Code, UK corporate tax laws, Occupational Health and Safety regulations, the Data Protection Act. |
- We obtained an understanding of how the company are complying with those legal and regulatory frameworks and made enquiries to the management of known or suspected instances of fraud and non-compliance with laws and regulations. We corroborated our enquiries through our review of board minutes, other relevant meeting minutes and review of correspondence with regulatory bodies. |
- We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit team included: |
- Identifying and assessing the controls management has in place to prevent and detect fraud; |
- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |
- Challenging assumptions and judgments made by management in its significant accounting estimates and judgments, |
- Identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and |
- Assessing the extent of compliance with the relevant laws and regulations. |
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusions. |
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 Report of the Auditors. |
Use of our report |
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. |
for and on behalf of |
4 Claridge Court, Lower Kings Road |
Berkhamsted |
Hertfordshire |
HP4 2AF |
Comtest Wireless Limited (Registered number: 06735280) |
Income Statement |
for the Year Ended 31st December 2022 |
31.12.22 | 31.12.21 |
as restated |
Notes | £ | £ | £ | £ |
TURNOVER |
Administrative expenses |
(118,285 | ) | (141,662 | ) |
Other operating income |
OPERATING LOSS | 4 | ( |
) | ( |
) |
Income from fixed asset investments |
LOSS BEFORE TAXATION | ( |
) | ( |
) |
Tax on loss | 5 | ( |
) | ( |
) |
LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
Comtest Wireless Limited (Registered number: 06735280) |
Other Comprehensive Income |
for the Year Ended 31st December 2022 |
31.12.22 | 31.12.21 |
as restated |
Notes | £ | £ |
LOSS FOR THE YEAR | ( |
) | ( |
) |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
) |
Prior year adjustment |
TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT |
( |
) |
Comtest Wireless Limited (Registered number: 06735280) |
Balance Sheet |
31st December 2022 |
31.12.22 | 31.12.21 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
Investments | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Share premium | 12 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Comtest Wireless Limited (Registered number: 06735280) |
Statement of Changes in Equity |
for the Year Ended 31st December 2022 |
Called up |
share | Retained | Share | Total |
capital | earnings | premium | equity |
£ | £ | £ | £ |
Balance at 1st January 2021 |
Prior year adjustment | - | - |
As restated |
Changes in equity |
Total comprehensive income | - | ( |
) | - | ( |
) |
Balance at 31st December 2021 |
Changes in equity |
Total comprehensive income | - | ( |
) | - | ( |
) |
Balance at 31st December 2022 |
Comtest Wireless Limited (Registered number: 06735280) |
Notes to the Financial Statements |
for the Year Ended 31st December 2022 |
1. | STATUTORY INFORMATION |
Comtest Wireless Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. |
As a UK company, the accounts are prepared in Sterling. However, all sales income and the majority of expenses are translated from Euros. |
The year end £:€ spot rate used was £1/€1.1276 (2021 - £1/€1.1912). |
Financial Reporting Standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
• | the requirements of Section 7 Statement of Cash Flows; |
• | the requirement of paragraph 3.17(d); |
• | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); |
• | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A; |
• | the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23; |
• | the requirement of paragraph 33.7. |
Preparation of consolidated financial statements |
The financial statements contain information about Comtest Wireless Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Viavi Solutions UK Limited, Astor House, Newbury Business Park, London Road, Newbury, Berkshire,United Kingdom, RG14 2PZ. |
Tangible fixed assets |
Computer equipment | - |
Tangible fixed assets are recognised at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and impairment losses. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. After initial recognition, Investments in subsidiary undertakings are measured at cost less any accumulated impairment losses. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions and non-monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of transaction, or at an average rate where this rate approximates the actual rate at the date of the transaction. Exchange differences are recognised in the profit and loss in the period in which they arise. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate. |
The contributions to the defined contributions pension scheme recognised in the profit and loss for the period total £234. |
The contributions to the defined contributions pension scheme recognised in the profit and loss for the prior period total £562. |
Comtest Wireless Limited (Registered number: 06735280) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2022 |
2. | ACCOUNTING POLICIES - continued |
Intercompany recharges |
Intercompany recharges are measured at the fair value of the consideration received or receivable from group members, excluding discounts, rebates, value added tax and other sales taxes. |
Cash and cash equivalents |
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks. |
Judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Critical judgements |
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. |
Recoverability of investments |
In line with the accounting policies, the company assesses its subsidiaries for impairment at each reporting date. |
Following a review, the sales orders booked by the Comtest Wireless companies during the period and the first half of the next period were at the upper end of expectations. Therefore, the directors are comfortable that the investment value of the holdings in Comtest Wireless International Ltd and Comtest Wireless International S.R.L. does not need to be impaired. |
Revenue recognition |
The company recognises revenue when it is realised or realisable and earned. The company considers revenue realised or realisable and earned when there is persuasive evidence of an arrangement, delivery has occurred, the amount of revenue can be measured reliably, and collectability is reasonably assured. Delivery does not occur until products have been shipped or services have been provided, risk of loss has transferred and in cases where formal acceptance is required, customer acceptance has been obtained or customer acceptance provisions have lapsed. In situations where a formal acceptance is required but the acceptance only relates to whether the product meets its published specifications, revenue is recognised upon delivery provided all other revenue recognition criteria are met. |
Impairment of fixed assets |
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. |
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than it carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss. |
3. | EMPLOYEES AND DIRECTORS |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Wages and salaries |
Other pension costs |
The average number of employees during the year was as follows: |
31.12.22 | 31.12.21 |
as restated |
Directors | 3 | 3 |
Administrative Staff | 1 | 1 |
Comtest Wireless Limited (Registered number: 06735280) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2022 |
3. | EMPLOYEES AND DIRECTORS - continued |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Directors' remuneration |
4. | OPERATING LOSS |
The operating loss is stated after charging/(crediting): |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Depreciation - owned assets |
Foreign exchange differences | ( |
) |
5. | TAXATION |
Analysis of the tax credit |
The tax credit on the loss for the year was as follows: |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Current tax: |
Group Relief | (16,952 | ) | (13,768 | ) |
Tax on loss | ( |
) | ( |
) |
UK corporation tax has been charged at 19% . |
Reconciliation of total tax credit included in profit and loss |
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Loss before tax | ( |
) | ( |
) |
Loss multiplied by the standard rate of corporation tax in the UK of |
( |
) | ( |
) |
Effects of: |
Income not taxable for tax purposes | ( |
) |
Capital allowances in excess of depreciation | ( |
) | - |
Depreciation in excess of capital allowances | - |
Total tax credit | (16,952 | ) | (13,768 | ) |
6. | PRIOR YEAR ADJUSTMENT |
The 2021 accounts have been restated to incorporate the impact of the following errors: |
1) For the period from 30 December 2009 to 27 August 2014, the Euro investments in foreign subsidiaries were translated into Sterling using an exchange rate of £1/€1.2, rather than the appropriate rate ruling on the relevant recognition dates. This error totals £2,600.27. |
2) The shares issued following a share for share exchange on 18 April 2018 were recognized at their nominal value, rather than their fair value. This error totals £10,805.00. |
3) Until the 2022 financial year, the Euro investment in foreign subsidiaries was incorrectly deemed to be a monetary item and retranslated at the relevant closing rate each year, resulting in the recognition of a revaluation gain/(loss). This error totals £3,003.57. |
The corrections have resulted in a £2,600.27 increase to the profits available for distribution at 31 December 2022. |
Summary of prior period error correction impact on the 2022 and 2021 figures: |
£ |
Increase in Fixed Assets- Shares in Group Undertaking | +10,401.70 |
Increase in Equity- Retained Earnings | +£2,600.27 |
Decrease in Equity- Revaluation Reserve | -3,003.57 |
Increase in Equity- Share Premium | +£10,805.00 |
Comtest Wireless Limited (Registered number: 06735280) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2022 |
7. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st January 2022 |
and 31st December 2022 |
DEPRECIATION |
At 1st January 2022 |
and 31st December 2022 |
NET BOOK VALUE |
At 31st December 2022 |
At 31st December 2021 |
8. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2022 |
and 31st December 2022 |
NET BOOK VALUE |
At 31st December 2022 |
At 31st December 2021 |
These financial statements are individual company financial statements for Comtest Wireless Limited. |
Details of the company's subsidiaries at 31 December 2022 are as follows: |
Name of undertaking |
Address |
Nature of business |
Class of shares held |
% Held Direct |
Comtest Wireless International Ltd |
a) |
Sales of test & measurement systems |
Ordinary |
100.00 |
Comtest Wireless International S.R.L. |
b) |
Sales of test & measurement systems |
Ordinary |
100.00 |
Registered office addresses (all UK unless otherwise indicated): |
a) Astor House, Newbury Business Park, London Road, Newbury, Berkshire, RG14 2PZ. |
b) Via Orvieto 19, 10149 Turin TO, Italy |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Trade debtors |
CWIL Intercompany | - | 19,309 |
Other Debtors | - | 54 |
Viavi Solutions UK Debtor | 10,975 | - |
VAT |
Prepayments |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
as restated |
£ | £ |
Trade creditors |
CWIL Creditors | 44,023 | - |
Accrued expenses |
CWIS Accruals | - | 7,024 |
Comtest Wireless Limited (Registered number: 06735280) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2022 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | as restated |
£ | £ |
Ordinary | £1.00 | 7,090 | 7,090 |
Ordinary Shares with a nominal value of £1.00 have equal rights to vote, to receive dividends and to receive distributions on a winding up. |
12. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1st January 2022 | 615,311 |
Deficit for the year | ( |
) | ( |
) |
At 31st December 2022 | 543,111 |
13. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
During the period, £10,680 (including VAT) was paid to a company controlled by one of the directors in return for accounting services. In the prior period, this figure (including VAT) totalled £11,580. |
During the period, £1,152 (including VAT) was received from a company in which one of the directors has significant influence in return for miscellaneous rental and admin services. In the prior period, this figure (including VAT) totalled £1,644. |
At the reporting date, the immediate parent company was Viavi Solutions UK Limited. (registered office: Astor House, Newbury Business Park, London Road, Newbury, Berkshire, United Kingdom, RG14 2PZ.). |
The ultimate parent undertaking is Viavi Solutions Inc. (registered office: 1445 South Spectrum Blvd, Suite 102, Chandler, Arizona, 85286, United States of America). |
Viavi Solutions Inc. is the smallest and largest group of which the company is a member and for which group financial statements are prepared. Copies of the financial statements can be obtained from its registered office, or investor.viavisolutions.com. |
The directors do not consider there to be one ultimate controlling party. |