Annual Report PDF - Carphone Warehouse Group plc

www.cpwplc.com 67Statement of Directors’ Responsibilitieson the Company Financial StatementsThe Directors are responsible for preparing the annual report and thefinancial statements. The Directors have chosen to prepare the accountsfor the Company in accordance with United Kingdom Generally AcceptedAccounting Practice.Company law requires the Directors to prepare financial statements for eachfinancial year which give a true and fair view of the state of affairs of theCompany as at the end of the financial year and of its profit or loss for thatperiod. 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, subjectto any material departures disclosed and explained in the financial statements;• Prepare the financial statements on the going concern basis, unless it isinappropriate to presume that the Company will continue in business.The Directors are responsible for keeping proper accounting records whichdisclose with reasonable accuracy at any time the financial position of theCompany and to enable them to ensure that the financial statements complywith the Companies Act 1985. They are also responsible for safeguarding theassets of the Company and hence for taking reasonable steps for theprevention and detection of fraud and other irregularities.Independent Auditors’ Reporton the Company Financial StatementsIndependent Auditors’ Report to the Members of The CarphoneWarehouse Group PLCWe have audited the individual Company financial statements of TheCarphone Warehouse Group PLC for the 52 weeks ended 1 April 2006 whichcomprise the balance sheet and related notes 1 to 13. These individualCompany financial statements have been prepared under the accountingpolicies set out therein.The Corporate Governance statement and the Remuneration Report areincluded in the Group annual report of The Carphone Warehouse Group PLCfor the 52 weeks ended 1 April 2006. We have reported separately on theGroup financial statements of The Carphone Warehouse Group PLC for the52 weeks ended 1 April 2006 and on the information in the RemunerationReport that is described as having been audited.This report is made solely to the Company’s members, as a body, in accordancewith section 235 of the Companies Act 1985. Our audit work has beenundertaken so that we might state to the Company’s members those matterswe 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 responsibilityto 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 AuditorsThe Directors’ responsibilities for preparing the annual report and the individualCompany financial statements in accordance with applicable law and UnitedKingdom Accounting Standards (United Kingdom Generally AcceptedAccounting Practice) are set out in the Statement of Directors’ Responsibilities.Our responsibility is to audit the individual Company financial statements inaccordance with relevant United Kingdom legal and regulatory requirementsand International Standards on Auditing (UK and Ireland).We report to you our opinion as to whether the individual Company financialstatements give a true and fair view in accordance with the relevant financialreporting framework and whether the individual Company financial statementshave 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 financialstatements. We also report to you if, in our opinion, the Company has notkept proper accounting records, if we have not received all the informationand explanations we require for our audit, or if information specified by lawregarding directors’ remuneration and other transactions is not disclosed.We read the other information contained in the annual report for the aboveyear as described in the contents section and consider the implications forour report if we become aware of any apparent misstatements or materialinconsistencies with the individual Company financial statements.Basis of audit opinionWe conducted our audit in accordance with International Standards onAuditing (UK and Ireland) issued by the Auditing Practices Board. An auditincludes examination, on a test basis, of evidence relevant to the amountsand disclosures in the individual Company financial statements. It also includesan assessment of the significant estimates and judgements made by theDirectors in the preparation of the individual Company financial statements,and of whether the accounting policies are appropriate to the Company’scircumstances, consistently applied and adequately disclosed.We planned and performed our audit so as to obtain all the information andexplanations which we considered necessary in order to provide us withsufficient evidence to give reasonable assurance that the individual Companyfinancial statements are free from material misstatement, whether caused byfraud or other irregularity or error. In forming our opinion we also evaluatedthe overall adequacy of the presentation of information in the individualCompany financial statements.OpinionIn our opinion:• the individual Company financial statements give a true and fair view, inaccordance 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 preparedin accordance with the Companies Act 1985; and• the information given in the Directors’ Report is consistent with thefinancial statements.Deloitte & Touche LLPChartered Accountants and Registered AuditorsLondon6 June 2006Financial Statements