Directors’ Report continued
Statement The directors are responsible for preparing the Directors’ report 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 KingdomGenerally Accepted Accounting Practice (United KingdomAccounting Standards and applicable law). Under company law the directorsmust 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 surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
• select suitable accounting policies and then apply themconsistently;
• make judgments and 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 themto 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.
Directors’ Responsibilities
to Auditors Each of the persons who are directors at the time when this Directors’ report is approved has confirmed that:
• so far as that director is aware, there is no relevant audit information of which the company’s auditors are unaware, and
• that director has taken all the steps that ought to have been taken as a director in order to be aware of any information needed by the company’s auditors in connection with preparing their report and to establish that the company’s auditors are aware of that information.
Auditors
The auditors, haysmacintyre, are deemed to be reappointed in accordance with section 485 of the Companies Act 2006 by virtue of an elective resolution passed by themembers on 20 October 2005.
This report was approved by the board on 26 June 2012 and signed on its behalf.
MSWoodruff Secretary
Provision of Information
6 Annual Report 2011-2012
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