Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jan. 31, 2020shares | |
Document and Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jan. 31, 2020 |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | Q2 |
Entity Registrant Name | LEPOTA INC. |
Entity Central Index Key | 0001617351 |
Current Fiscal Year End Date | --07-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 7,430,000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Shell Company | true |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Current Assets | ||
Cash and cash equivalents | $ 452 | $ 2,334 |
Total Assets | 452 | 2,334 |
Current Liabilities | ||
Loan from director | 11,074 | 5,474 |
Related party loan | 4,210 | 4,210 |
Total Liabilities | 15,284 | 9,684 |
Commitments and contingencies | ||
Stockholders' Deficit | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 7,430,000 and 7,430,000 shares issued and outstanding respectively; | 7,430 | 7,430 |
Additional Paid-in Capital | $ 21,870 | $ 21,870 |
Accumulated deficit | (44,132) | (36,650) |
Total Stockholders' Deficit | (14,832) | (7,350) |
Total Liabilities and Stockholders' Equity | $ 452 | $ 2,334 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock par value | $ 0.001 | $ 0.001 |
Common stock shares authorized | 75,000,000 | 75,000,000 |
Common stock shares issued and outstanding | 7,430,000 | 7,430,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
OPERATING EXPENSES | ||||
General and Administrative Expenses | $ 2,820 | $ 2,590 | $ 7,482 | $ 5,068 |
TOTAL OPERATING EXPENSES | 2,820 | 2,590 | 7,482 | 5,068 |
NET LOSS FROM OPERATIONS | (2,820) | (2,590) | (7,482) | (5,068) |
PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
NET LOSS | $ (2,820) | $ (2,590) | $ (7,482) | $ (5,068) |
NET LOSS PER SHARE: BASIC AND DILUTED | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 7,430,000 | 7,430,000 | 7,430,000 | 6,832,610 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit |
Balance at Jul. 31, 2017 | $ (1,904) | $ 6,020 | $ 9,180 | $ (16,604) |
Balance (in shares) at Jul. 31, 2017 | 6,020,000 | |||
Shares issued for cash at $0.01 per share | 1,200 | 120 | 1,080 | |
Shares issued for cash at $0.01 per share (in shares) | $ 120,000 | |||
Stock Subscription Receivable | $ (500) | (50) | $ (450) | |
Stock Subscription Receivable (in shares) | (50,000) | |||
Net loss for the period quarter | (10,102) | (10,102) | ||
Balance at Jul. 31, 2018 | (10,806) | $ 6,090 | 9,810 | (26,706) |
Balance (in shares) at Jul. 31, 2018 | 6,090,000 | |||
Net loss for the period quarter | (9,945) | (9,945) | ||
Balance at Jul. 31, 2019 | $ (7,350) | $ 7,430 | $ 21,870 | (36,650) |
Balance (in shares) at Jul. 31, 2019 | 7,430,000 | |||
Shares issued for cash at $0.01 per share | 13,400 | 1,340 | 12,060 | |
Shares issued for cash at $0.01 per share (in shares) | $ 1,340,000 | |||
Net loss for the period quarter | $ (4,662) | (4,662) | ||
Balance at Oct. 31, 2019 | (12,012) | $ 7,430 | $ 21,870 | (41,312) |
Balance (in shares) at Oct. 31, 2019 | 7,430,000 | |||
Balance at Jul. 31, 2019 | (7,350) | $ 7,430 | 21,870 | (36,650) |
Balance (in shares) at Jul. 31, 2019 | 7,430,000 | |||
Net loss for the period quarter | (7,482) | |||
Balance at Jan. 31, 2020 | (14,832) | $ 7,430 | 21,870 | (44,132) |
Balance (in shares) at Jan. 31, 2020 | 7,430,000 | |||
Balance at Oct. 31, 2019 | (12,012) | $ 7,430 | 21,870 | (41,312) |
Balance (in shares) at Oct. 31, 2019 | 7,430,000 | |||
Net loss for the period quarter | (2,820) | (2,820) | ||
Balance at Jan. 31, 2020 | $ (14,832) | $ 7,430 | $ 21,870 | $ (44,132) |
Balance (in shares) at Jan. 31, 2020 | 7,430,000 |
STATEMENTS OF STOCKHOLDERS' E_2
STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | Jul. 31, 2019 | Jul. 31, 2018 |
Statement of Stockholders' Equity [Abstract] | ||
Shares issued for cash at $0.01 per share | $ 0.01 | $ 0.01 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) for the period | $ (7,482) | $ (5,068) |
Changes in assets and liabilities: | ||
Accrued Expenses | 0 | (2,500) |
CASH FLOWS USED IN OPERATING ACTIVITIES | (7,482) | (7,568) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from Sale of common stock | 0 | 13,400 |
Loan from Director | 5,600 | 0 |
CASH FLOWS PROVIDED FROM FINANCING ACTIVITIES | 5,600 | 13,400 |
NET INCREASE IN CASH | (1,882) | 5,832 |
Cash, beginning of period | 2,334 | 1,379 |
Cash, end of period | 452 | 7,211 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
- ORGANIZATION AND NATURE OF BU
- ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
Jan. 31, 2020 | |
- ORGANIZATION AND NATURE OF BUSINESS [Abstract] | |
- ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 ORGANIZATION AND NATURE OF BUSINESS Lepota Inc. (the "Company" or Lepota) was incorporated under the laws of the State of Nevada on December 9, 2013. Our primary business is in the import of cosmetics into the Russian Federation and distribution of the products through shops and drugstores. Companys contact address is 5348 Vegas Dr. Las Vegas, NV 89108. |
- SUMMARY OF SIGNIFCANT ACCOUNT
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 6 Months Ended |
Jan. 31, 2020 | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract] | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 2 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. In February 2017, the FASB issued ASU 2017-02, Leases (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance must be adopted using the modified retrospective approach and will be effective for the Company in the fiscal year beginning January 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures. Basis of Presentation The Companys financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States. The Company has elected a July 31 fiscal year end. Fair Value of Financial Instruments In accordance with ASC 820, the Companys financial instruments consist of cash and cash equivalents and amounts due to related parties. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Income Taxes The Company accounts for income taxes under the asset/liability method. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The charge for taxation is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. In January 31, 2020, the FASB issued ASC 740, Accounting for Uncertainty in Income Taxes 8 | Page The Companys policy is to recognize both interest and penalties related to unrecognized tax benefits in income tax expense. Interest and penalties on unrecognized tax benefits expected to result in payment of cash within one year are classified as accrued liabilities, while those expected beyond one year are classified as other liabilities. The Company has not recorded any interest and penalties since its inception. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenue in accordance with FASB ASC Topic 605, Revenue Recognition which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. As of January 31, 2020 , the Company has not generated any revenue. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of January 31, 2020. Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. 9 | Page Recent Accounting Pronouncements The results for the six months ended January 31, 2020 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Companys Annual Report on Form 10K for the year ended July 31, 2020, filed with the Securities and Exchange Commission. In the opinion of management all adjustments necessary for a fair statement of the results for the interim periods have been made, and a statement that all adjustments are of a normal recurring nature or a description of the nature and amount of any adjustments other than normal recurring adjustments. |
- GOING CONCERN
- GOING CONCERN | 6 Months Ended |
Jan. 31, 2020 | |
- GOING CONCERN [Abstract] | |
- GOING CONCERN | NOTE 3 GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (1) obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses, and (2) seeking out and completing mergers with existing operating companies. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
-DIRECTOR LOAN
-DIRECTOR LOAN | 6 Months Ended |
Jan. 31, 2020 | |
-DIRECTOR LOAN [Abstract] | |
-DIRECTOR LOAN | NOTE 4-DIRECTOR LOAN As of January 31, 2020, the Company had loan outstanding with the director in the amount of $ 11,074 . |
- RELATED PARTY TRANSACTIONS
- RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jan. 31, 2020 | |
- RELATED PARTY TRANSACTIONS [Abstract] | |
- RELATED PARTY TRANSACTIONS | NOTE 5 RELATED PARTY TRANSACTIONS As of January 31, 2020, the Company had loan outstanding with related parties in amount of $ 4,210 . |
- COMMON STOCK
- COMMON STOCK | 6 Months Ended |
Jan. 31, 2020 | |
- COMMON STOCK [Abstract] | |
- COMMON STOCK | NOTE 6 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. As of July 31, 2019 and January 31, 2020, there were total of 7,430,000 shares of common stock issued and outstanding. All shares were issued for cash. |
- COMMITMENTS AND CONTINGENCIES
- COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jan. 31, 2020 | |
- COMMITMENTS AND CONTINGENCIES [Abstract] | |
- COMMITMENTS AND CONTINGENCIES | NOTE 7 COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. The Company was not subject to any legal proceedings during the period from December 9, 2013 to January 31, 2020 and no proceedings are threatened or pending to the best of our knowledge and belief. 10 | Page |
- INCOME TAXES
- INCOME TAXES | 6 Months Ended |
Jan. 31, 2020 | |
- INCOME TAXES [Abstract] | |
- INCOME TAXES | NOTE 8 INCOME TAXES As of January 31, 2020, the Company had net operating loss carry forwards of approximately $ 44,132 that may be available to reduce future years taxable income in varying amounts through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for Federal income tax consists of the following: January 31, 2020 January 31, 2019 Federal income tax benefit attributable to: Current Operations $592 $1,064 Less: valuation allowance (592 ) (1,064) Net provision for Federal income taxes $ 0 $ 0 The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: January 31, 2020 January 31, 2019 Deferred tax asset attributable to: Net operating loss carryover $9,268 $6,673 Less: valuation allowance (9, 268 ) (6,673) Net deferred tax asset $ 0 $ 0 Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $44,132 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years. |
- SUBSEQUENT EVENTS
- SUBSEQUENT EVENTS | 6 Months Ended |
Jan. 31, 2020 | |
- SUBSEQUENT EVENTS [Abstract] | |
- SUBSEQUENT EVENTS | NOTE 9 SUBSEQUENT EVENTS In accordance with ASC 855-10 we have analyzed our operations subsequent January 31 , 2020 to the date that the financial statements were issued and have determined that we do not have any material subsequent events to disclose. FORWARD LOOKING STATEMENTS Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. 11 | Page |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jan. 31, 2020 | |
Significant Accounting Policies (Policies) [Abstract] | |
Basis of Presentation | Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. In February 2017, the FASB issued ASU 2017-02, Leases (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance must be adopted using the modified retrospective approach and will be effective for the Company in the fiscal year beginning January 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures. Basis of Presentation The Companys financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States. The Company has elected a July 31 fiscal year end. Fair Value of Financial Instruments In accordance with ASC 820, the Companys financial instruments consist of cash and cash equivalents and amounts due to related parties. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Income Taxes The Company accounts for income taxes under the asset/liability method. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The charge for taxation is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. In January 31, 2020, the FASB issued ASC 740, Accounting for Uncertainty in Income Taxes |
Use of Estimates | 8 | Page The Companys policy is to recognize both interest and penalties related to unrecognized tax benefits in income tax expense. Interest and penalties on unrecognized tax benefits expected to result in payment of cash within one year are classified as accrued liabilities, while those expected beyond one year are classified as other liabilities. The Company has not recorded any interest and penalties since its inception. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenue in accordance with FASB ASC Topic 605, Revenue Recognition which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. As of January 31, 2020 , the Company has not generated any revenue. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of January 31, 2020. Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. |
Recent Accounting Pronouncements | 9 | Page Recent Accounting Pronouncements The results for the six months ended January 31, 2020 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Companys Annual Report on Form 10K for the year ended July 31, 2020, filed with the Securities and Exchange Commission. In the opinion of management all adjustments necessary for a fair statement of the results for the interim periods have been made, and a statement that all adjustments are of a normal recurring nature or a description of the nature and amount of any adjustments other than normal recurring adjustments. |
- INCOME TAXES (Tables)
- INCOME TAXES (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
- INCOME TAXES (Tables) [Abstract] | |
The provision for Federal income | The provision for Federal income tax consists of the following: January 31, 2020 January 31, 2019 Federal income tax benefit attributable to: Current Operations $592 $1,064 Less: valuation allowance (592 ) (1,064) Net provision for Federal income taxes $ 0 $ 0 |
The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows | The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: January 31, 2020 January 31, 2019 Deferred tax asset attributable to: Net operating loss carryover $9,268 $6,673 Less: valuation allowance (9, 268 ) (6,673) Net deferred tax asset $ 0 $ 0 |
- SUMMARY OF SIGNIFCANT ACCOU_2
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Text) | 74 Months Ended |
Jan. 31, 2020USD ($) | |
Summary Of Significant Accounting Policies Details [Abstract] | |
The Company has not recorded any interest and penalties since its inception. | $ 0 |
-DIRECTOR LOAN (Details Text)
-DIRECTOR LOAN (Details Text) | Jan. 31, 2020USD ($) |
Fair Value, Option, Loans Held as Assets [Abstract] | |
As of January 31, 2020, the Company had loan outstanding with the director in the amount of $11,074 . | $ 11,074 |
- RELATED PARTY TRANSACTIONS (D
- RELATED PARTY TRANSACTIONS (Details Text) | Jan. 31, 2020USD ($) |
Related Party Transaction, Due from (to) Related Party, Current [Abstract] | |
As of January 31, 2020, the Company had loan outstanding with related parties in amount of $4,210 . | $ 4,210 |
- COMMON STOCK (Details Text)
- COMMON STOCK (Details Text) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
- COMMON STOCK [Abstract] | ||
As of July 31, 2019 and January 31, 2020, there were total of 7,430,000 shares of common stock issued and outstanding. | $ 7,430,000 | $ 7,430,000 |
- INCOME TAXES (Details 1)
- INCOME TAXES (Details 1) - USD ($) | Jan. 31, 2020 | Jan. 31, 2019 |
Federal income tax benefit attributable to: | ||
Current Operations | $ 592 | $ 1,064 |
Less: valuation allowance | (592) | (1,064) |
Net provision for Federal income taxes | $ 0 | $ 0 |
- INCOME TAXES (Details 2)
- INCOME TAXES (Details 2) - USD ($) | Jan. 31, 2020 | Jan. 31, 2019 |
Deferred tax asset attributable to: | ||
Net operating loss carryover | $ 9,268 | $ 6,673 |
Less: valuation allowance | (9,268) | (6,673) |
Net deferred tax asset | $ 0 | $ 0 |
- INCOME TAXES (Details Text)
- INCOME TAXES (Details Text) | 12 Months Ended |
Jan. 31, 2020USD ($) | |
Operating Income (Loss) [Abstract] | |
As of January 31, 2020, the Company had net operating loss carry forwards of approximately $44,132 that may be available to reduce future years' taxable income in varying amounts through 2032 | $ 44,132 |
The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: | 21.00% |