Sheridan Audio Visual LTD operates a manufacturing business and retail shop in South Lee Business Park, Brigstowe. On August 1, 2020, Mrs. Munn was seriously injured when she tripped and fell on Sheridan's premises, and their negligence was found to be the direct cause of her injuries. Mrs. Munn's damages total £12,750, including £4,800 in lost earnings, £150 in out-of-pocket expenses, and £7,800 for pain and suffering. Sheridan has received a solicitor's letter demanding this settlement amount to resolve the claim.
1. Sheridan AV – Notes to the financial statements for the year ended 31-march-2021
1. INFORMATION ABOUT THE COMPANY
1.1. General Information
Sheridan Audio Visual LTD
South Lee Business Park Rushforth Road
Brigstowe
BW8 1AA
1.2. Information about Company’s operations and principal activities
Sheridan Audio visuals LTD is a manufacturing business and retail shop that operates in South Lee business
park,Rushforth Road Bringstowe
1.3. Statement of compliance with IFRS
These consolidated financial statements have been prepared in accordance with International Financial
Reporting Standards (IFRS).
2. SUMMARY OF THE INCIDENT
2.1 SOLICITORS LETTER
Sheridan Audio Visual LTD South Lee Business Park Rushforth Road
Brigstowe
BW8 1AA
2nd April 2021
Claim Number: 456456B
Your insured: Claimant: Date of Loss:
Sheridan Retail Shop Mrs Munn 01/08/2020
Dear Sirs,
As you know, on the 1st of August 2020 Mrs Munn was seriously injured when she tripped and fell on
your premises. The evidence clearly shows your companies’ negligence was the direct and proximate
cause of Mrs Munn’s injuries and resulting damages, including out-of-pocket expenses, lost wages, and
pain and suffering.
2.1 ITEMISATION OF DAMAGES
LOSS of earnings £4,800
Out if pocket expenses £150
Pain and suffering £7,800
2.2 DEMAND
After careful consideration of the issues involved in this claim, and a review of jury verdicts and
insurance settlements with similar fact patterns, I believe the amount of £12,750 represents a fair and
equitable settlement amount.
2. Sheridan AV – Notes to the financial statements for the year ended 31-march-2021
3. RE INSURANCE CLAIM:205288
Please find enclosed a cheque for the sum of £7,680 in full and final settlement of the above claim.
The claim is broken down as follows:
12 Highrise speakers (HR-03) cost £640 per item.