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
directors consider that, in preparing the
financial statements for the year ended 31 March 2004, 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.
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.
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.
auditorsí responsibilities are stated in their report to the shareholders.