Page 24 - Hardide-Annual-Report-2021
P. 24

 24 Report of the Directors
The Group loss for the period, after taxation, amounted to £2,802,000 (2020: £1,291,000 loss). The directors have declared that no dividends will be paid in respect of the 2021 financial year (2020: Nil).
The present membership of the Board is set out on pages 20-21, and changes to the board and the beneficial interests of the directors and their families in the shares of Hardide plc are shown below.
  Robert Goddard Andrew Boyce Tim Rice
Philip Kirkham Yuri Zhuk
Simon Hallam
28 January 2008 18 June 2012 20 March 2018 1 September 2012 14 March 2005 21 April 2020
30 September 2021 Resigned Number of ordinary 4p shares
- 471,532 - 1 - 27,625 - 117,672 - 166,736 - -
30 September 2020 Number of ordinary 4p shares
406,807 1 17,916 101,490 157,027 -
      In addition to the share Andrew Boyce holds in his own name, he also represents family and trust holdings totalling 6,988,231 shares. No director had, during or at the end of the year, a material interest in any contract which was significant in relation to the Group’s business.
The Group’s key management personnel comprise the directors and senior managers who report to the CEO.
The Group has share option schemes under the terms of which certain directors are able to subscribe for ordinary shares in Hardide plc. Details of the directors’ interests in share options are shown in Note 18 to the Group accounts.
The directors are responsible for preparing the Strategic Report, 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 International Financial Reporting Standards (IFRSs) as adopted by the European Union. 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 of the Company 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 judgements and accounting estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business; and
• state whether applicable International Financial Reporting Standards as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the financial statements.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group’s and Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Group and Company 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 Group and Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of corporate and financial information included on the Group’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Each of the persons who is a director at the date of approval of this report confirms that:
• so far as the director is aware, there is no relevant audit information of which the Group’s auditor is unaware, and
• the director has taken all steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

   22   23   24   25   26