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Understanding company accounts and reports: Mothercare - Essay Example
Finance & Accounting
Pages 9 (2259 words)
Mothercare is a British Company which specializes in products for expectant mothers and for children up to 8 years old and is a specialist retailer of products for mothers-to-be, babies and children up to the age of eight. …
Understanding company accounts and reports
Mothercare meets the needs and aspirations of parents for their children, worldwide. Talktalk TalkTalk (officially TalkTalk Telecom Group PLC) is a company which provides pay television, telecommunications and internet access services to businesses and consumers in the United Kingdom. Talk started in 2003 as a fixed landline provider but now operates and sells broadband, home phone and mobile packages to UK customers. TalkTalk has grown rapidly during the past few years through a combination of acquisition and organic growth. They have spent the last year integrating their businesses to build a leaner, more efficient company which provides the best value to homes and businesses by offering competitive pricing and innovative products backed up by good service. Accounting Policies and Audit: Mothercare’s financial statements (individual and consolidated) are prepared in accordance with International Financial Reporting Standards (IFRS) adopted for use in the European Union, International Financial Reporting Interpretations Committee (IFRIC) and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. They therefore comply with Article 4 of the EU IAS Regulation. The directors are responsible for the preparation of the company financial statements and for being satisfied that they give a true and fair view. ...