Carphone Warehouse 2006 Annual Report Download - page 71

Statement of Directors’ Responsibilities
on the Company Financial Statements
•State whether applicable accounting standards have been followed, subject
to any material departures disclosed and explained in the financial statements;
•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 proper accounting records which
disclose with reasonable accuracy at any time the financial position of the
Company and to enable them to ensure that the financial statements comply
with the Companies Act 1985. 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.
The Directors are responsible for preparing the annual report and the
financial statements. The Directors have chosen to prepare the accounts
for the Company in accordance with United Kingdom Generally Accepted
Accounting Practice.
Company law requires the Directors to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the
Company as at the end of the financial year and of its profit or loss for that
period. In preparing those financial statements, the Directors are required to:
•Select suitable accounting policies and then apply them consistently;
•Make judgements and estimates that are reasonable and prudent;
www.cpwplc.com 67
Financial Statements
Independent Auditors’ Report to the Members of The Carphone
Warehouse Group PLC
We have audited the individual Company financial statements of The
Carphone Warehouse Group PLC for the 52 weeks ended 1 April 2006 which
comprise the balance sheet and related notes 1 to 13. These individual
Company financial statements have been prepared under the accounting
policies set out therein.
The Corporate Governance statement and the Remuneration Report are
included in the Group annual report of The Carphone Warehouse Group PLC
for the 52 weeks ended 1 April 2006. We have reported separately on the
Group financial statements of The Carphone Warehouse Group PLC for the
52 weeks ended 1 April 2006 and on the information in the Remuneration
Report that is described as having been audited.
This report is made solely to the Company’s members, as a body, in accordance
with section 235 of the Companies Act 1985. 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 an auditors’ report 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.
Respective responsibilities of Directors and Auditors
The Directors’ responsibilities for preparing the annual report and the individual
Company financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) are set out in the Statement of Directors’ Responsibilities.
Our responsibility is to audit the individual Company financial statements in
accordance with relevant United Kingdom legal and regulatory requirements
and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the individual Company financial
statements give a true and fair view in accordance with the relevant financial
reporting framework and whether the individual Company financial statements
have been properly prepared in accordance with the Companies Act 1985.
We report to you whether in our opinion the information given in the Directors’
Report on page 33 is consistent with the individual Company financial
statements. We also report to you if, in our opinion, the Company has not
kept proper accounting records, if we have not received all the information
Independent Auditors’ Report
on the Company Financial Statements
and explanations we require for our audit, or if information specified by law
regarding directors’ remuneration and other transactions is not disclosed.
We read the other information contained in the annual report for the above
year as described in the contents section and consider the implications for
our report if we become aware of any apparent misstatements or material
inconsistencies with the individual Company financial statements.
Basis of audit opinion
We conducted our audit in accordance with International Standards on
Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit
includes examination, on a test basis, of evidence relevant to the amounts
and disclosures in the individual Company financial statements. It also includes
an assessment of the significant estimates and judgements made by the
Directors in the preparation of the individual Company financial statements,
and of whether the accounting policies are appropriate to the Company’s
circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and
explanations which we considered necessary in order to provide us with
sufficient evidence to give reasonable assurance that the individual Company
financial statements are free from material misstatement, whether caused by
fraud or other irregularity or error. In forming our opinion we also evaluated
the overall adequacy of the presentation of information in the individual
Company financial statements.
Opinion
In our opinion:
•the individual Company financial statements give a true and fair view, in
accordance with United Kingdom Generally Accepted Accounting Practice,
of the state of the Company’s affairs as at 1 April 2006;
•the individual Company financial statements have been properly prepared
in accordance with the Companies Act 1985; and
•the information given in the Directors’ Report is consistent with the
financial statements.
Deloitte & Touche LLP
Chartered Accountants and Registered Auditors
London
6 June 2006