- 6 -
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 Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company
law the directors must 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 the group and of the profit or loss of the group for that
period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK 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 group 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 the group and enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
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 and the
group'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 and the group's auditors in connection with preparing its report
and to establish that the company and the group's auditors is aware of that information.
The auditors, Mazars LLP, will be proposed for reappointment in accordance with section 489 of the
Companies Act 2006.
This report was approved by the board and signed on its behalf.
P D Beard
Date: 20 March 2013
1,2,3,4,5,6,7,8 10,11,12,13,14,15,16,17,18,19,...35