Accounts filed on 31-05-2016

trueZoocars Ltd080684482016-05-31810448641881064864382020810648643852777176289133841262727-228560-32016835417346990612561314973811522814473910385499936240158289529008572673333535255884040Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill-25% straight line Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Fixed Assets All fixed assets are initially recorded at cost. Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.000011303511303584027557682825962457571191627140-114481291222186328156121-51227404073765082499127140-114481375249242096-51227184380Ordinary2012020Ordinary12020202017-02-06Mr R Mirtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureZoocars Ltd2015-06-012016-05-31Zoocars Ltd2014-06-012015-05-31Zoocars Ltd2014-05-31Zoocars Ltd2015-05-31Zoocars Ltd2015-05-31Zoocars Ltd2016-05-31 2017-02-27