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The directors are required to prepare accounts for each financial period
which give, in accordance with the Companies Act 1985, a true and fair view
of the state of affairs of the Company and the Group as at the end of that
financial period and of the profit or loss for that period. In preparing
those accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are in their opinion reasonable
and prudent;
- state whether applicable accounting standards have been followed,
subject to any material departures disclosed and explained in the accounts;
and
- prepare the accounts on a going concern basis unless in their view,
based on the information then available to them, that basis of preparation
would not be appropriate.
The directors are responsible for ensuring that the Company complies
with the requirements of the Companies Act 1985 in regard to keeping adequate
accounting records which disclose with reasonable accuracy, at any time,
the financial position of the Company and to enable them to ensure that
the accounts comply with the Companies Act 1985. They have general responsibility
for taking such steps as are reasonably open to them to safeguard the
assets of the Group and to prevent and detect fraud and other irregularities.
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