47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 131
Strategic Report
Corporate Governance
Accounts
S TATE M E NT O F D I R E C TO R S ’ R E S P O N S I B I LITI E S
I N R ES PEC T O F TH E A N N UA L R EP O R T A N D TH E FI N A N C I A L S TATE M EN T S
The directors are responsible for preparing the Annual Report and the Group and parent Company 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 are required to prepare the Group financial
statements in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006. The directors have also chosen to prepare
the parent company financial statements under United Kingdom adopted international accounting standards.
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 Group
and parent Company and of the consolidated profit or loss for that period. In preparing each of the Group and parent Company financial statements, International
Accounting Standard 1 requires that directors:
• Properly select and apply accounting policies;
• Present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
• Provide additional disclosures when compliance with the specific requirements in IFRSs are insufficient to enable users to understand the impact of particular transactions,
other events and conditions on the Group and parent Company’s financial position and financial performance; and
• Make an assessment of the Company’s ability to continue as a going concern.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the parent Company’s transactions and disclose with reasonable
accuracy at any time the financial position of the parent Company and enable them to ensure that its financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
A copy of the Group and parent Company financial statements has been placed on the Company’s website, www.agbarr.co.uk. The directors are responsible for the
maintenance and integrity of the corporate and financial information included on the Company’s website. Legislation in the UK governing the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
Directors’ statement pursuant to the disclosure and transparency rules
Each of the directors, whose names and functions are set out on pages 64 to 65 of this report, confirm that, to the best of their knowledge:
• The financial statements, prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006, give a true and
fair view of the assets, liabilities, financial position of the Group and parent Company and of the consolidated profit;
• The Annual Report and Accounts includes a fair review of the development and performance of the business and the position of the Group and the undertakings included
in the consolidation taken as a whole, together with a description of the principal risks and uncertainties faced by the Group; and
• They consider the Annual Report and Accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess
the Company’s performance, business model and strategy.
By order of the Board
Euan Sutherland
Chief Executive Officer
25 March 2025
Stuart Lorimer
Chief Finance and Operating Officer
25 March 2025
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