Carphone Warehouse 2009 Annual Report Download - page 91

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www.cpwplc.com 87
Financial Statements
Independent Auditors’ Report on the Company
Financial Statements
Independent Auditors’ Report to the members of The
Carphone Warehouse Group PLC (“the Company”)
We have audited the Company nancial statements for the year
ended 31 March 2009 which comprise the balance sheet and
the related notes 1 to 14. These nancial statements have been
prepared under the accounting policies set out therein.
We have reported separately on the Group nancial statements
for the year ended 31 March 2009 and on the information in the
Directors’ 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 Company nancial 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
on page 40.
Our responsibility is to audit the Company nancial statements
in accordance with relevant legal and regulatory requirements
and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the Company
nancial statements give a true and fair view and whether the
Company nancial statements have been properly prepared in
accordance with the Companies Act 1985. We also report to
you whether in our opinion the Directors’ Report is consistent
with the Company nancial statements.
In addition we 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 specied 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 whether
it is consistent with the audited Company nancial statements.
We consider the implications for our report if we become aware
of any apparent misstatements or material inconsistencies with
the Company nancial statements. Our responsibilities do not
extend to any further information outside the Annual Report.
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 Company nancial statements. It also includes an
assessment of the signicant estimates and judgments made
by the Directors in the preparation of the Company nancial
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 sufcient evidence to give
reasonable assurance that the Company nancial 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 Company nancial statements.
Opinion
In our opinion:
▪
the Company nancial 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 2009;
▪
the Company nancial statements have been properly
prepared in accordance with the Companies Act 1985; and
▪
the information given in the Directors’ Report is consistent
with the Company nancial statements.
Deloitte LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
4June 2009