Carphone Warehouse 2007 Annual Report Download - page 70

Statement of Directors’ Responsibilities on the Company Financial Statements
The Carphone Warehouse Group PLC Annual Report 2007
66
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.
United Kingdom company law requires the Directors to prepare financial
statements for each financial period which give a true and fair view of the state
of affairs of the Company 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;
• State whether applicable accounting standards have been followed; and
• 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 enable them to ensure that the financial statements comply with
the Companies Act 1985. They are also responsible for taking such steps
as are reasonably open to them to safeguard the assets of the Company
and to prevent and detect fraud and other irregularities.
Each of the persons who is a Director at the date of approval of this Report
confirms that:
• so far as the Director is aware, there is no relevant audit information of
which the Company’s auditors are unaware; and
• the Director has taken all the steps that he/she ought to have taken as
a Director in order to make himself/herself aware of any relevant audit
information and to establish that the Company’s auditors are aware of
that information.
This confirmation is given and should be interpreted in accordance with the
provisions of s234ZA of the Companies Act 1985.
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 31 March 2007
which comprise the Balance Sheet and the 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 31 March 2007. We have reported separately on the
Group financial statements of The Carphone Warehouse Group PLC for the
52 weeks ended 31 March 2007 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 31 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 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 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 31 March 2007;
• 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
individual Company financial statements.
Deloitte & Touche LLP
Chartered Accountants and Registered Auditors
London
4 June 2007
Independent Auditors’ Report on the Company Financial Statements