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The
directors are required by law to prepare financial statements
for each financial year which give a true and fair view
of the state of affairs of the company and the group
as at the end of the financial year and of the profit
or loss and cash flows of the group for that period.
The
directors consider that, in preparing the financial
statements for the year ended 31 March 2003, the
company has used appropriate accounting policies, consistently
applied and supported by reasonable and prudent judgements
and estimates. The directors also consider that all
applicable accounting standards have been followed and
confirm that the financial statements have been prepared
on the going concern basis.
The
directors are responsible for ensuring that the company
keeps accounting records which disclose with reasonable
accuracy at any time the financial position of the company
and which enable them to ensure that the financial statements
comply with the Companies Act 1985.
The
directors are also responsible for taking such steps
that are reasonably open to them to safeguard the assets
of the group and to prevent and detect fraud and other
irregularities.
The
auditors’ responsibilities are stated in their
report
to the shareholders.
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