Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Oct. 31, 2020 | Apr. 30, 2020 | |
Details | ||
Registrant CIK | 0001625285 | |
Fiscal Year End | --10-31 | |
Document Type | 10-K | |
Document Annual Report | true | |
Document Period End Date | Oct. 31, 2019 | |
Document Transition Report | false | |
Entity File Number | 333-202398 | |
Entity Registrant Name | ARMA SERVICES INC | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 32-0449388 | |
Entity Address, Address Line One | 7260 W. Azure Dr | |
Entity Address, City or Town | Las Vegas | |
Entity Address, Postal Zip Code | 89130 | |
Country Region | 1 | |
City Area Code | 702 | |
Local Phone Number | 6599321 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | true | |
Entity Public Float | $ 0 | |
Entity Listing, Par Value Per Share | $ 0.001 | |
Entity Common Stock, Shares Outstanding | 6,240,000 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | FY |
BALANCE SHEETS (Audited)
BALANCE SHEETS (Audited) - USD ($) | Oct. 31, 2020 | Oct. 31, 2019 |
ASSETS | ||
Cash and cash equivalents | $ 0 | $ 32 |
Escrow account | 0 | 0 |
Total current assets | 0 | 32 |
Developed website, net | 0 | 0 |
Total Assets | 0 | 32 |
LIABILITIES | ||
Accounts Payable | 11,385 | 12,000 |
Director loan | 16,568 | 9,893 |
Accrued Expenses | 0 | 0 |
Total current liabilities | 27,953 | 21,893 |
Additional paid-in-capital | 20,160 | 20,160 |
Accumulated deficit | (54,353) | (48,261) |
Total Stockholders' Equity | (27,953) | (21,861) |
Total Liabilities and Stockholders' Equity | $ 0 | $ 32 |
BALANCE SHEETS (Audited) - Pare
BALANCE SHEETS (Audited) - Parenthetical - $ / shares | Oct. 31, 2020 | Oct. 31, 2019 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares, Issued | 6,240,000 | |
Common Stock, Shares, Outstanding | 6,240,000 |
STATEMENTS OF OPERATIONS (Audit
STATEMENTS OF OPERATIONS (Audited) - USD ($) | 12 Months Ended | |
Oct. 31, 2020 | Oct. 31, 2019 | |
Details | ||
Revenue | $ 0 | $ 0 |
Depreciation and Amortization Expense | 0 | 0 |
Bank Service Charges | 128 | 216 |
Computer and internet expenses | 0 | 0 |
Professional Fees | 5,964 | 5,639 |
Net income (loss) from operations | (6,092) | (5,855) |
Income (Loss) before taxes | (6,092) | (5,855) |
Net income (loss) | $ (6,092) | $ (5,855) |
Loss per common share:, Basic and Diluted | $ 0 | $ 0 |
Weighted Average Number of Common Shares Outstanding: Basic and Diluted | 6,240,000 | 6,240,000 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Oct. 31, 2020 | Oct. 31, 2019 | |
Operating Activities | ||
Net (loss) | $ (6,092) | $ (5,866) |
Accrued Expenses | 0 | 0 |
Accounts Payable | (615) | 2,000 |
Accounts Payable - Related party | 0 | 0 |
Accumulated Amortization | 0 | 0 |
Net cash provided operating activities | (6,707) | (3,868) |
Investing Activities | ||
Developed Website, net | 0 | 0 |
Net cash provided by Investing Activities | 0 | 0 |
Financing Activities | ||
Director loan | 6,675 | 3,900 |
Capital Stock | 0 | 0 |
Net cash provided by financing activities | 6,675 | 3,900 |
Net increase in cash and equivalents | (32) | 32 |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 32 | 0 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 0 | $ 32 |
NOTE 1 - ORGANIZATION AND BASIS
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION | NOTE 1 ORGANIZATION AND BASIS OF PRESENTATION Arma Services Inc. Arma Services Inc. is a Destination Management Company (DMC), which aims to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (MICE) tourism in Russia for corporate customers from United States, China and internal Russian clients. We plan to create a variety of events for domestic and foreign companies, including; industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums. Our office is located at Xibahe Beili 25, Beijing, China 100096 |
NOTE 2 - GOING CONCERN
NOTE 2 - GOING CONCERN | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
NOTE 2 - GOING CONCERN | NOTE 2 GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had limited revenues as of October 31, 2020. The Company currently has a working capital deficit, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. This raises substantial doubt about its ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
NOTE 3 - SUMMARY OF SIGNIFCANT
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 3 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Companys year-end is October 31. Development Stage Company The Company is a development stage company as defined in ASC 915 Development Stage Entities.. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. 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. Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Companys loan from shareholder approximates its fair value due to their short-term maturity. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 Earnings per Share. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2018, there were no potentially dilutive debt or equity instruments issued or outstanding. 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. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. |
Property, Plant and Equipment D
Property, Plant and Equipment Disclosure | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Property, Plant and Equipment Disclosure | Note 4 PROPERTY, PLANT AND EQUIPMENT Our depreciation schedule is such that 14,000 over 5 years $ 217 monthly. Initial phases of design and development of the website have been completed and placed in service. |
Note 5 - LOAN FROM DIRECTOR
Note 5 - LOAN FROM DIRECTOR | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Note 5 - LOAN FROM DIRECTOR | Note 5 LOAN FROM DIRECTOR As of October 31, 2020 the Company had a non-interest bearing loan payable to its sole director in the amount of $16,568. As of October 31, 2019, the Company had a non-interest bearing loan payable to its sole director in the amount of $9,893. The Companys officers and director provide services and office space to the Company without compensation. The Company has entered into vendor agreements with Proekta LLC and Gazetny LLC, which are entities related to officers of the Company. |
Note 6 - COMMON STOCK
Note 6 - COMMON STOCK | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Note 6 - COMMON STOCK | Note 6 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. As of October 31, 2020 and 2019, the Company had 6,240,000 shares issued and outstanding. |
Note 7 - COMMITMENTS AND CONTIN
Note 7 - COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Note 7 - 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. |
Note 8 - INCOME TAXES
Note 8 - INCOME TAXES | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Note 8 - INCOME TAXES | Note 8 INCOME TAXES As of October 31, 2020, the Company had net operating loss carry forwards of approximately $54,353 that may be available to reduce future years taxable income in varying amounts through 2037. 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: October 31, 2020 October 31, 2019 Federal income tax benefit attributable to: Current Operations $ 1,279 $ 1,230 Less: valuation allowance (1,279) (1,230) Net provision for Federal income taxes $ - $ - 21 The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: October 31, 2020 October 31, 2019 Deferred tax asset attributable to: Net operating loss carryover $ 11,414 $ 10,134 Less: valuation allowance (11,414) (10,134) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $42,406 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. |
Note 9 - SUBSEQUENT EVENTS
Note 9 - SUBSEQUENT EVENTS | 12 Months Ended |
Oct. 31, 2020 | |
Notes | |
Note 9 - SUBSEQUENT EVENTS | Note 9 SUBSEQUENT EVENTS In accordance with ASC 855-10 the Company has analyzed its operations subsequent to October 31, 2020 and to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally. Director and management stay informed about COVID-19 developments generally and ensure it has access to information related to a companys response to the crisis and how the specific impact on the company is developing as the crisis extends. |
NOTE 3 - SUMMARY OF SIGNIFCAN_2
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basis of Presentation (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Companys year-end is October 31. |
NOTE 3 - SUMMARY OF SIGNIFCAN_3
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Development Stage Company (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Development Stage Company | Development Stage Company The Company is a development stage company as defined in ASC 915 Development Stage Entities.. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. |
NOTE 3 - SUMMARY OF SIGNIFCAN_4
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Use of Estimates (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Use of Estimates | 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. |
NOTE 3 - SUMMARY OF SIGNIFCAN_5
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Cash and Cash Equivalents, Policy |
NOTE 3 - SUMMARY OF SIGNIFCAN_6
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Companys loan from shareholder approximates its fair value due to their short-term maturity. |
NOTE 3 - SUMMARY OF SIGNIFCAN_7
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Income Taxes (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
NOTE 3 - SUMMARY OF SIGNIFCAN_8
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basic Income (Loss) Per Share (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 Earnings per Share. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2018, there were no potentially dilutive debt or equity instruments issued or outstanding. |
NOTE 3 - SUMMARY OF SIGNIFCAN_9
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Stock-Based Compensation (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Stock-Based Compensation | 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. |
NOTE 3 - SUMMARY OF SIGNIFCA_10
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Oct. 31, 2020 | |
Policies | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. |
NOTE 1 - ORGANIZATION AND BAS_2
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION (Details) | 12 Months Ended |
Oct. 31, 2020 | |
Details | |
Entity Incorporation, State or Country Code | NV |
Entity Incorporation, Date of Incorporation | Sep. 2, 2014 |
NOTE 3 - SUMMARY OF SIGNIFCA_11
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basic Income (Loss) Per Share (Details) | 12 Months Ended |
Oct. 31, 2020USD ($) | |
Details | |
Dilutive Securities, Effect on Basic Earnings Per Share | $ 0 |