Cover
Cover | 6 Months Ended |
Jan. 31, 2024 shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Jan. 31, 2024 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2024 |
Current Fiscal Year End Date | --07-31 |
Entity File Number | 333-259112 |
Entity Registrant Name | BIRDIE WIN CORPORATION |
Entity Central Index Key | 0001873213 |
Entity Tax Identification Number | 38-4179726 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 46 Reeves Road |
Entity Address, Address Line Two | Pakuranga |
Entity Address, City or Town | Auckland |
Entity Address, Country | NZ |
Entity Address, Postal Zip Code | 2010 |
City Area Code | (61) |
Local Phone Number | 405223877 |
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 |
Elected Not To Use the Extended Transition Period | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 5,040,000 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 492 | |
Accounts receivable | 10,000 | |
Prepayment and deposit | 3,914 | 2,721 |
Total current assets | 4,405 | 12,721 |
Non - current asset | ||
Plant and equipment, net | 483 | 855 |
Total non - current asset | 483 | 855 |
TOTAL ASSETS | 4,888 | 13,576 |
Current liabilities | ||
Accrued liabilities | 2,935 | 5,000 |
Total current liabilities | 11,215 | 7,790 |
Total liabilities | 11,215 | 7,790 |
Stockholders’ equity | ||
Common stock – Par value $ 0.001; Authorized: 75,000,000 shares; Issued and outstanding: 5,040,000 and 5,040,000 shares as of January 31, 2024 and July 31, 2023, respectively | 5,040 | 5,040 |
Additional paid in capital | 34,560 | 34,560 |
Accumulated deficit | (45,927) | (33,814) |
Total stockholders’ equity | (6,327) | 5,786 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 4,888 | 13,576 |
Director [Member] | ||
Current liabilities | ||
Amounts due to a director | $ 8,280 | $ 2,790 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jan. 31, 2024 | Jul. 31, 2023 |
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 | 5,040,000 | 5,040,000 |
Common stock, shares outstanding | 5,040,000 | 5,040,000 |
Condensed Statement of Operatio
Condensed Statement of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Income Statement [Abstract] | ||||
Revenue | $ 10,000 | $ 5,000 | $ 15,000 | $ 10,000 |
Operating expenses | ||||
General and administrative expenses | 9,934 | 6,566 | 26,741 | 12,854 |
Depreciation | 186 | 186 | 372 | 372 |
Total operating expenses | 10,120 | 6,752 | 27,113 | 13,226 |
Loss from operations | (120) | (1,752) | (12,113) | (3,226) |
Other income | 575 | 1,003 | ||
Net loss | $ (120) | $ (1,177) | $ (12,113) | $ (2,223) |
Net loss per common share - basic | $ 0 | $ 0 | $ 0 | $ 0 |
Net loss per common share - diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of ordinary shares | ||||
Weighted average number of ordinary shares - basic | 5,040,000 | 5,040,000 | 5,040,000 | 5,040,000 |
Weighted average number of ordinary shares - diluted | 5,040,000 | 5,040,000 | 5,040,000 | 5,040,000 |
Condensed Statement of Changes
Condensed Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Jul. 31, 2022 | $ 5,040 | $ 34,560 | $ (25,921) | $ 13,679 |
Balance, shares at Jul. 31, 2022 | 5,040,000 | |||
Net loss | (1,046) | (1,046) | ||
Balance at Oct. 31, 2022 | $ 5,040 | 34,560 | (26,967) | 12,633 |
Balance, shares at Oct. 31, 2022 | 5,040,000 | |||
Balance at Jul. 31, 2022 | $ 5,040 | 34,560 | (25,921) | 13,679 |
Balance, shares at Jul. 31, 2022 | 5,040,000 | |||
Net loss | (2,223) | |||
Balance at Jan. 31, 2023 | $ 5,040 | 34,560 | (28,144) | 11,456 |
Balance, shares at Jan. 31, 2023 | 5,040,000 | |||
Balance at Oct. 31, 2022 | $ 5,040 | 34,560 | (26,967) | 12,633 |
Balance, shares at Oct. 31, 2022 | 5,040,000 | |||
Net loss | (1,177) | (1,177) | ||
Balance at Jan. 31, 2023 | $ 5,040 | 34,560 | (28,144) | 11,456 |
Balance, shares at Jan. 31, 2023 | 5,040,000 | |||
Balance at Jul. 31, 2023 | $ 5,040 | 34,560 | (33,814) | 5,786 |
Balance, shares at Jul. 31, 2023 | 5,040,000 | |||
Net loss | (11,993) | (11,993) | ||
Balance at Oct. 31, 2023 | $ 5,040 | 34,560 | (45,807) | (6,207) |
Balance, shares at Oct. 31, 2023 | 5,040,000 | |||
Balance at Jul. 31, 2023 | $ 5,040 | 34,560 | (33,814) | 5,786 |
Balance, shares at Jul. 31, 2023 | 5,040,000 | |||
Net loss | (12,113) | |||
Balance at Jan. 31, 2024 | $ 5,040 | 34,560 | (45,927) | (6,327) |
Balance, shares at Jan. 31, 2024 | 5,040,000 | |||
Balance at Oct. 31, 2023 | $ 5,040 | 34,560 | (45,807) | (6,207) |
Balance, shares at Oct. 31, 2023 | 5,040,000 | |||
Net loss | (120) | (120) | ||
Balance at Jan. 31, 2024 | $ 5,040 | $ 34,560 | $ (45,927) | $ (6,327) |
Balance, shares at Jan. 31, 2024 | 5,040,000 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Cash Flows From Operating Activities: | ||||
Net loss | $ (120) | $ (1,177) | $ (12,113) | $ (2,223) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation | 186 | 186 | 372 | 372 |
Impairment of accounts receivable | 10,000 | |||
Changes in operating assets and liabilities: | ||||
Prepayment | (1,193) | (693) | ||
Accrued liabilities | (2,065) | |||
Amounts due to a director | 5,490 | 2,450 | ||
Net cash provided by/(used in) operating activities | 492 | (94) | ||
Cash Flows From Investing Activity: | ||||
Net cash provided by investing activity | ||||
Cash Flows From Financing Activity: | ||||
Net cash provided by financing activity | ||||
Influence of exchange rates for cash and cash equivalents | ||||
Net change in cash and cash equivalents | 492 | (94) | ||
Cash and cash equivalents, beginning of period | 19,312 | |||
Cash and cash equivalents, end of period | $ 492 | $ 19,218 | 492 | 19,218 |
Supplemental cash flows information | ||||
Income taxes paid | ||||
Interest paid |
ORGANIZATION AND BUSINESS BACKG
ORGANIZATION AND BUSINESS BACKGROUND | 6 Months Ended |
Jan. 31, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS BACKGROUND | 1. ORGANIZATION AND BUSINESS BACKGROUND Birdie Win Corporation, a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on April 16, 2021. Birdie Win Corporation is headquartered in Auckland, New Zealand. We provide financial literacy seminar services to Malaysian and Hong Kong individuals and families. Our mission is to improve the financial well-being of our clients. The Company’s executive office is located at 46 Reeves Road, Pakuranga, Auckland 2010, New Zealand. On April 16, 2021, Mr. Chee Yong Yee (“Mr. Yee”) was appointed as President, Secretary, Treasurer and a member of our Board of Directors. Mr. Yee also served as Chief Executive Officer of the Company. On April 16, 2021, the Company issued 3,600,000 0.001 3,600 3,600 On October 11, 2021, the Company resolved to close the public offering pursuant to Form S-1, resulting in 1,440,000 0.025 36,000 36,000 On July 27, 2023, the sole officer and director of the Company, Chee Yong Yee, tendered his resignations as Director, President, Chief Executive Officer, Secretary, and Treasurer of the Company, and appointed Mr. Zonghan Wu as new President, Chief Executive Officer, Secretary, Treasurer, and Director of the Company, effective July 27, 2023. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jan. 31, 2024 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The unaudited condensed financial statements for Birdie Win Corporation for the period ended January 31, 2024 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial statement, instructions to Form 10-Q and Regulations S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended July 31, 2023. In management’s opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation to make our financial statements not misleading have been included. The results of operations for the periods ended January 31, 2024 and 2023 presented are not necessarily indicative of the results to be expected for the full year. The Company has adopted July 31 as its fiscal year end. Going concern For the six months ended January 31, 2024, the Company incurred a net loss of $ 12,113 45,927 Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. Cash and Cash Equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Accounts Receivable Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable. The Company extends credit to its customers in the normal course of business and generally does not require collateral. The Company’s credit terms are dependent upon the segment, and the customer. The Company assesses the probability of collection from each customer at the outset of the arrangement based on a number of factors, including the customer’s payment history and its current creditworthiness. If in management’s judgment collection is not probable, the Company does not record revenue until the uncertainty is removed. Management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. The allowance for doubtful accounts is the Company’s best estimate of the amount of credit losses in existing accounts receivable. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of trade receivables. In the analysis, management primarily considers the age of the customer’s receivable, and also considers the creditworthiness of the customer, the economic conditions of the customer’s industry, general economic conditions and trends, and the business relationship and history with its customers, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company’s future allowance for doubtful accounts. If judgments regarding the collectability of receivables were incorrect, adjustments to the allowance may be required, which would reduce profitability. Accounts receivable are recognized and carried at the original invoice amount less an allowance for any uncollectible amounts. An estimate for doubtful accounts receivable is made when collection of the full amount is no longer probable. Bad debts are written off as identified. Lease The Company adopted the ASU No. 2016-02, on April 16, 2021 (date of inception). The Company leases office space for fixed periods without pre-emptive extension options. The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term. Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows: SCHEDULE OF ESTIMATED USEFUL LIFE Classification Useful Life Computer and Software 3 Revenue Recognition Revenue is generated through provision of Personal Financial Literacy Seminar (PFL Seminar) services to customer. Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company records revenue from the provision of services upon delivery of the finalized Personal Financial Report to the customer. Earnings Per Share The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share”, which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure. The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. Income Taxes The Company accounts for income taxes using the asset and liability method prescribed by ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date. New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Fair Value Measurement Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures”, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset. This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). Recently issued and adopted accounting pronouncements The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s financial statements. |
PREPAYMENT AND DEPOSIT
PREPAYMENT AND DEPOSIT | 6 Months Ended |
Jan. 31, 2024 | |
Prepayment And Deposit | |
PREPAYMENT AND DEPOSIT | 3. PREPAYMENT AND DEPOSIT SCHEDULE OF PREPAYMENT As of January 31, 2024 (Unaudited) As of July 31, 2023 (Audited) Prepaid expenses $ 3,914 $ 2,666 Deposit - 55 Total $ 3,914 $ 2,721 Prepaid expenses as of January 31, 2024 and July 31, 2023 represent the payment made to stock and registrar fee, OTCIQ fee, and installment for EDGAR. Deposit for the year ended July 31, 2023 represents the deposit payment of virtual office rental. |
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE | 6 Months Ended |
Jan. 31, 2024 | |
Receivables [Abstract] | |
ACCOUNTS RECEIVABLE | 4. ACCOUNTS RECEIVABLE SCHEDULE OF ACCOUNTS RECEIVABLE As of January 31, 2024 (Unaudited) As of July 31, 2023 (Audited) Accounts receivable $ 10,000 $ 10,000 Allowance for doubtful accounts (10,000 ) - Total $ - $ 10,000 |
PLANT AND EQUIPMENT
PLANT AND EQUIPMENT | 6 Months Ended |
Jan. 31, 2024 | |
Property, Plant and Equipment [Abstract] | |
PLANT AND EQUIPMENT | 5. PLANT AND EQUIPMENT Plant and equipment consisted of the following as of January 31, 2024 and July 31, 2023: SCHEDULE OF PLANT AND EQUIPMENT As of January 31, 2024 As of July 31, 2023 Computer and software $ 2,231 $ 2,231 Less: accumulated depreciation (1,748 ) (1,376 ) Plant and equipment, net $ 483 $ 855 Depreciation expense for the period ended January 31, 2024 and January 31, 2023 was $ 372 372 |
AMOUNTS DUE TO A DIRECTOR
AMOUNTS DUE TO A DIRECTOR | 6 Months Ended |
Jan. 31, 2024 | |
Related Party Transactions [Abstract] | |
AMOUNTS DUE TO A DIRECTOR | 6. AMOUNTS DUE TO A DIRECTOR As of January 31, 2024, the sole director of the Company advanced $ 8,280 Our director, Zonghan Wu, has not been compensated for the services. |
SHAREHOLDERS_ EQUITY
SHAREHOLDERS’ EQUITY | 6 Months Ended |
Jan. 31, 2024 | |
Equity [Abstract] | |
SHAREHOLDERS’ EQUITY | 7. SHAREHOLDERS’ EQUITY The Company has 75,000,000 As of January 31, 2024, the Company has 5,040,000 no |
INCOME TAX
INCOME TAX | 6 Months Ended |
Jan. 31, 2024 | |
Income Tax Disclosure [Abstract] | |
INCOME TAX | 8. INCOME TAX The loss from operation before income taxes of the Company for the six months ended January 31, 2024 and 2023 were comprised of the following: SCHEDULE OF OPERATION BEFORE INCOME TAXES 2024 2023 For the six months ended January 31 2024 2023 Tax jurisdictions from: – Local $ (12,113 ) $ (2,223 ) Loss before income taxes $ (12,113 ) $ (2,223 ) United States of America The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of January 31, 2024, the operations in the United States of America incurred $ 45,927 9,645 The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of January 31, 2024 and July 31, 2023: SCHEDULE OF AGGREGATE DEFERRED TAX ASSETS As of As of January 31, 2024 July 31, 2023 Deferred tax assets: Net operating loss carryforwards – United States of America $ 9,645 $ 7,101 Less: valuation allowance (9,645 ) (7,101 ) Deferred tax assets $ - $ - Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $ 9,645 Malaysia The incomes accruing in or derived from Malaysia by Birdie Win Corporation are subject to Malaysia income tax, due to the permanent establishment (PE) in Malaysia, which is charged at the non-resident tax rate of 25% |
CONCENTRATIONS OF RISK
CONCENTRATIONS OF RISK | 6 Months Ended |
Jan. 31, 2024 | |
Risks and Uncertainties [Abstract] | |
CONCENTRATIONS OF RISK | 9 CONCENTRATIONS OF RISK Customer Concentration For the three months ended January 31, 2024, there was one customer who accounted for 100 100 100 SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLE For the three months ended January 31 2024 2023 2024 2023 2024 2023 Revenue Percentage of Revenue Accounts Customer A $ 10,000 $ - 100 % - $ - $ - Customer B - 5,000 - 100 % - - Total $ 10,000 $ 5,000 100 % 100 % $ - $ - For the six months ended January 31, 2024, there was one customer who accounted for 100 100 100 For the six months ended January 31 2024 2023 2024 2023 2024 2023 Revenue Percentage of Revenue Accounts Customer A $ 15,000 $ - 100 % - $ - $ - Customer B - 5,000 - 50 % - - Customer C - 5,000 - 50 % - - Total $ 15,000 $ 10,000 100 % 100 % $ - $ - |
SEGMENT REPORTING
SEGMENT REPORTING | 6 Months Ended |
Jan. 31, 2024 | |
Segment Reporting [Abstract] | |
SEGMENT REPORTING | 10. SEGMENT REPORTING ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has single reportable segment based on business unit, financial services business and two reportable segments based on country, Malaysia and Hong Kong. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. SCHEDULE OF SEGMENT REPORTING By Business Unit Financial Services Total For the Six Months Ended and As of January 31, 2024 By Business Unit Financial Services Total Revenue $ 15,000 $ 15,000 Cost of revenue - - Operating expenses (27,113 ) (27,113 ) Loss from operations (12,113 ) (12,113 ) Total assets $ 4,888 $ 4,888 Capital expenditure $ - $ - By Business Unit Financial Services Total For the Six Months Ended and As of January 31, 2023 By Business Unit Financial Services Total Revenue $ 10,000 $ 10,000 Cost of revenue - - Operating expenses (13,226 ) (13,226 ) Loss from operations (3,226 ) (3,226 ) Total assets $ 23,732 $ 23,732 Capital expenditure $ - $ - By Country United States Hong Kong Malaysia Total For the Six Months Ended and As of January 31, 2024 By Country United States Hong Kong Malaysia Total Revenue $ - $ 15,000 $ - $ 15,000 Cost of revenue - - - - Operating expenses - (17,113 ) (10,000 ) (27,113 ) Loss from operations - (2,113 ) (10,000 ) (12,113 ) Total assets $ - $ 4,888 $ - $ 4,888 Capital expenditure $ - $ - $ - $ - By Country United States Hong Kong Malaysia Total For the Six Months Ended and As of January 31, 2023 By Country United States Hong Kong Malaysia Total Revenue $ - $ 5,000 $ 5,000 $ 10,000 Cost of revenue - - - - Operating expenses - (6,613 ) (6,613 ) (13,226 ) Loss from operations - (1,613 ) (1,613 ) (3,226 ) Total assets $ - $ - $ 23,732 $ 23,732 Capital expenditure $ - $ - $ - $ - |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jan. 31, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | 11. GOING CONCERN For the six months ended January 31, 2024, the Company incurred a net loss of $ 12,113 45,927 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jan. 31, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 12. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after January 31, 2024 up through the date the Company issued the financial statements. During the period, the Company did not have any material recognizable subsequent events. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jan. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The unaudited condensed financial statements for Birdie Win Corporation for the period ended January 31, 2024 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial statement, instructions to Form 10-Q and Regulations S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended July 31, 2023. In management’s opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation to make our financial statements not misleading have been included. The results of operations for the periods ended January 31, 2024 and 2023 presented are not necessarily indicative of the results to be expected for the full year. The Company has adopted July 31 as its fiscal year end. |
Going concern | Going concern For the six months ended January 31, 2024, the Company incurred a net loss of $ 12,113 45,927 |
Use of estimates | Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. |
Accounts Receivable | Accounts Receivable Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable. The Company extends credit to its customers in the normal course of business and generally does not require collateral. The Company’s credit terms are dependent upon the segment, and the customer. The Company assesses the probability of collection from each customer at the outset of the arrangement based on a number of factors, including the customer’s payment history and its current creditworthiness. If in management’s judgment collection is not probable, the Company does not record revenue until the uncertainty is removed. Management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. The allowance for doubtful accounts is the Company’s best estimate of the amount of credit losses in existing accounts receivable. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of trade receivables. In the analysis, management primarily considers the age of the customer’s receivable, and also considers the creditworthiness of the customer, the economic conditions of the customer’s industry, general economic conditions and trends, and the business relationship and history with its customers, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company’s future allowance for doubtful accounts. If judgments regarding the collectability of receivables were incorrect, adjustments to the allowance may be required, which would reduce profitability. Accounts receivable are recognized and carried at the original invoice amount less an allowance for any uncollectible amounts. An estimate for doubtful accounts receivable is made when collection of the full amount is no longer probable. Bad debts are written off as identified. |
Lease | Lease The Company adopted the ASU No. 2016-02, on April 16, 2021 (date of inception). The Company leases office space for fixed periods without pre-emptive extension options. The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term. |
Plant and equipment | Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows: SCHEDULE OF ESTIMATED USEFUL LIFE Classification Useful Life Computer and Software 3 |
Revenue Recognition | Revenue Recognition Revenue is generated through provision of Personal Financial Literacy Seminar (PFL Seminar) services to customer. Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company records revenue from the provision of services upon delivery of the finalized Personal Financial Report to the customer. |
Earnings Per Share | Earnings Per Share The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share”, which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure. The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. |
Income Taxes | Income Taxes The Company accounts for income taxes using the asset and liability method prescribed by ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date. New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. |
Related parties | Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Fair Value Measurement | Fair Value Measurement Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures”, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset. This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). |
Recently issued and adopted accounting pronouncements | Recently issued and adopted accounting pronouncements The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Accounting Policies [Abstract] | |
SCHEDULE OF ESTIMATED USEFUL LIFE | SCHEDULE OF ESTIMATED USEFUL LIFE Classification Useful Life Computer and Software 3 |
PREPAYMENT AND DEPOSIT (Tables)
PREPAYMENT AND DEPOSIT (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Prepayment And Deposit | |
SCHEDULE OF PREPAYMENT | SCHEDULE OF PREPAYMENT As of January 31, 2024 (Unaudited) As of July 31, 2023 (Audited) Prepaid expenses $ 3,914 $ 2,666 Deposit - 55 Total $ 3,914 $ 2,721 |
ACCOUNTS RECEIVABLE (Tables)
ACCOUNTS RECEIVABLE (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Receivables [Abstract] | |
SCHEDULE OF ACCOUNTS RECEIVABLE | SCHEDULE OF ACCOUNTS RECEIVABLE As of January 31, 2024 (Unaudited) As of July 31, 2023 (Audited) Accounts receivable $ 10,000 $ 10,000 Allowance for doubtful accounts (10,000 ) - Total $ - $ 10,000 |
PLANT AND EQUIPMENT (Tables)
PLANT AND EQUIPMENT (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PLANT AND EQUIPMENT | Plant and equipment consisted of the following as of January 31, 2024 and July 31, 2023: SCHEDULE OF PLANT AND EQUIPMENT As of January 31, 2024 As of July 31, 2023 Computer and software $ 2,231 $ 2,231 Less: accumulated depreciation (1,748 ) (1,376 ) Plant and equipment, net $ 483 $ 855 |
INCOME TAX (Tables)
INCOME TAX (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF OPERATION BEFORE INCOME TAXES | The loss from operation before income taxes of the Company for the six months ended January 31, 2024 and 2023 were comprised of the following: SCHEDULE OF OPERATION BEFORE INCOME TAXES 2024 2023 For the six months ended January 31 2024 2023 Tax jurisdictions from: – Local $ (12,113 ) $ (2,223 ) Loss before income taxes $ (12,113 ) $ (2,223 ) |
SCHEDULE OF AGGREGATE DEFERRED TAX ASSETS | The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of January 31, 2024 and July 31, 2023: SCHEDULE OF AGGREGATE DEFERRED TAX ASSETS As of As of January 31, 2024 July 31, 2023 Deferred tax assets: Net operating loss carryforwards – United States of America $ 9,645 $ 7,101 Less: valuation allowance (9,645 ) (7,101 ) Deferred tax assets $ - $ - |
CONCENTRATIONS OF RISK (Tables)
CONCENTRATIONS OF RISK (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Risks and Uncertainties [Abstract] | |
SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLE | SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLE For the three months ended January 31 2024 2023 2024 2023 2024 2023 Revenue Percentage of Revenue Accounts Customer A $ 10,000 $ - 100 % - $ - $ - Customer B - 5,000 - 100 % - - Total $ 10,000 $ 5,000 100 % 100 % $ - $ - For the six months ended January 31 2024 2023 2024 2023 2024 2023 Revenue Percentage of Revenue Accounts Customer A $ 15,000 $ - 100 % - $ - $ - Customer B - 5,000 - 50 % - - Customer C - 5,000 - 50 % - - Total $ 15,000 $ 10,000 100 % 100 % $ - $ - |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Segment Reporting [Abstract] | |
SCHEDULE OF SEGMENT REPORTING | SCHEDULE OF SEGMENT REPORTING By Business Unit Financial Services Total For the Six Months Ended and As of January 31, 2024 By Business Unit Financial Services Total Revenue $ 15,000 $ 15,000 Cost of revenue - - Operating expenses (27,113 ) (27,113 ) Loss from operations (12,113 ) (12,113 ) Total assets $ 4,888 $ 4,888 Capital expenditure $ - $ - By Business Unit Financial Services Total For the Six Months Ended and As of January 31, 2023 By Business Unit Financial Services Total Revenue $ 10,000 $ 10,000 Cost of revenue - - Operating expenses (13,226 ) (13,226 ) Loss from operations (3,226 ) (3,226 ) Total assets $ 23,732 $ 23,732 Capital expenditure $ - $ - By Country United States Hong Kong Malaysia Total For the Six Months Ended and As of January 31, 2024 By Country United States Hong Kong Malaysia Total Revenue $ - $ 15,000 $ - $ 15,000 Cost of revenue - - - - Operating expenses - (17,113 ) (10,000 ) (27,113 ) Loss from operations - (2,113 ) (10,000 ) (12,113 ) Total assets $ - $ 4,888 $ - $ 4,888 Capital expenditure $ - $ - $ - $ - By Country United States Hong Kong Malaysia Total For the Six Months Ended and As of January 31, 2023 By Country United States Hong Kong Malaysia Total Revenue $ - $ 5,000 $ 5,000 $ 10,000 Cost of revenue - - - - Operating expenses - (6,613 ) (6,613 ) (13,226 ) Loss from operations - (1,613 ) (1,613 ) (3,226 ) Total assets $ - $ - $ 23,732 $ 23,732 Capital expenditure $ - $ - $ - $ - |
ORGANIZATION AND BUSINESS BAC_2
ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - USD ($) | Oct. 11, 2021 | Apr. 16, 2021 |
Proceeds from issuance of common stock | $ 36,000 | $ 3,600 |
Common stock issued during period | 1,440,000 | |
Shares issued per share | $ 0.025 | |
Common stock issued during period, value | $ 36,000 | |
Common Stock [Member] | Restricted Stock [Member] | Mr. Chee Yong Yee [Member] | ||
Number of shares issued | 3,600,000 | |
Stock, price per share | $ 0.001 | |
Consideration received per transaction | $ 3,600 |
SCHEDULE OF ESTIMATED USEFUL LI
SCHEDULE OF ESTIMATED USEFUL LIFE (Details) | Jan. 31, 2024 |
Computer Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Property plant and equipment useful life | 3 years |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jan. 31, 2024 | Oct. 31, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2023 | |
Accounting Policies [Abstract] | |||||||
Net loss | $ 120 | $ 11,993 | $ 1,177 | $ 1,046 | $ 12,113 | $ 2,223 | |
Accumulated deficit | $ 45,927 | $ 45,927 | $ 33,814 |
SCHEDULE OF PREPAYMENT (Details
SCHEDULE OF PREPAYMENT (Details) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Prepayment And Deposit | ||
Prepaid expenses | $ 3,914 | $ 2,666 |
Deposit | 55 | |
Total | $ 3,914 | $ 2,721 |
SCHEDULE OF ACCOUNTS RECEIVABLE
SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Receivables [Abstract] | ||
Accounts receivable | $ 10,000 | $ 10,000 |
Allowance for doubtful accounts | (10,000) | |
Total | $ 10,000 |
SCHEDULE OF PLANT AND EQUIPMENT
SCHEDULE OF PLANT AND EQUIPMENT (Details) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Property, Plant and Equipment [Abstract] | ||
Computer and software | $ 2,231 | $ 2,231 |
Less: accumulated depreciation | (1,748) | (1,376) |
Plant and equipment, net | $ 483 | $ 855 |
PLANT AND EQUIPMENT (Details Na
PLANT AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation expense | $ 186 | $ 186 | $ 372 | $ 372 |
AMOUNTS DUE TO A DIRECTOR (Deta
AMOUNTS DUE TO A DIRECTOR (Details Narrative) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Director [Member] | ||
Related Party Transaction [Line Items] | ||
Amount due to a director | $ 8,280 | $ 2,790 |
SHAREHOLDERS_ EQUITY (Details N
SHAREHOLDERS’ EQUITY (Details Narrative) - shares | Jan. 31, 2024 | Jul. 31, 2023 |
Equity [Abstract] | ||
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 5,040,000 | 5,040,000 |
Common stock, shares outstanding | 5,040,000 | 5,040,000 |
Preferred stock, shares authorized | 0 |
SCHEDULE OF OPERATION BEFORE IN
SCHEDULE OF OPERATION BEFORE INCOME TAXES (Details) - USD ($) | 6 Months Ended | |
Jan. 31, 2024 | Jan. 31, 2023 | |
Income Tax Disclosure [Abstract] | ||
– Local | $ (12,113) | $ (2,223) |
Loss before income taxes | $ (12,113) | $ (2,223) |
SCHEDULE OF AGGREGATE DEFERRED
SCHEDULE OF AGGREGATE DEFERRED TAX ASSETS (Details) - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
Income Tax Disclosure [Abstract] | ||
– United States of America | $ 9,645 | $ 7,101 |
Less: valuation allowance | (9,645) | (7,101) |
Deferred tax assets |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) - USD ($) | 6 Months Ended | |
Jan. 31, 2024 | Jul. 31, 2023 | |
Net operating loss carryforward | $ 45,927 | |
Operating loss, valuation allowance | 9,645 | |
Deferred tax asset, valuation allowance | $ 9,645 | $ 7,101 |
MALAYSIA | ||
Non - resident tax rate | 25% |
SCHEDULE OF REVENUES AND OUTSTA
SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLE (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2023 | |
Concentration Risk [Line Items] | |||||
Revenue | $ 10,000 | $ 5,000 | $ 15,000 | $ 10,000 | |
Accounts receivable | $ 10,000 | ||||
Customer A [Member] | |||||
Concentration Risk [Line Items] | |||||
Revenue | 10,000 | 15,000 | |||
Accounts receivable | |||||
Customer A [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Concentration Risk [Line Items] | |||||
Percentage of Revenue | 100% | 100% | |||
Customer B [Member] | |||||
Concentration Risk [Line Items] | |||||
Revenue | $ 5,000 | $ 5,000 | |||
Accounts receivable | |||||
Customer B [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Concentration Risk [Line Items] | |||||
Percentage of Revenue | 100% | 50% | |||
Customers [Member] | |||||
Concentration Risk [Line Items] | |||||
Revenue | $ 10,000 | $ 5,000 | $ 15,000 | $ 10,000 | |
Accounts receivable | |||||
Customers [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Concentration Risk [Line Items] | |||||
Percentage of Revenue | 100% | 100% | 100% | 100% | |
Customer C [Member] | |||||
Concentration Risk [Line Items] | |||||
Revenue | $ 5,000 | ||||
Accounts receivable | |||||
Customer C [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Concentration Risk [Line Items] | |||||
Percentage of Revenue | 50% |
CONCENTRATIONS OF RISK (Details
CONCENTRATIONS OF RISK (Details Narrative) - Customer Concentration Risk [Member] - Revenue Benchmark [Member] | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
One Customers [Member] | ||||
Concentration Risk [Line Items] | ||||
Percentage of revenue | 100% | 100% | 100% | |
Customers [Member] | ||||
Concentration Risk [Line Items] | ||||
Percentage of revenue | 100% | 100% | 100% | 100% |
Two Customers [Member] | ||||
Concentration Risk [Line Items] | ||||
Percentage of revenue | 100% |
SCHEDULE OF SEGMENT REPORTING (
SCHEDULE OF SEGMENT REPORTING (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2023 | |
Segment Reporting Information [Line Items] | |||||
Revenue | $ 10,000 | $ 5,000 | $ 15,000 | $ 10,000 | |
Cost of revenue | |||||
Operating expenses | (10,120) | (6,752) | (27,113) | (13,226) | |
Loss from operations | (120) | (1,752) | (12,113) | (3,226) | |
Total assets | 4,888 | 23,732 | 4,888 | 23,732 | $ 13,576 |
Capital expenditure | |||||
UNITED STATES | |||||
Segment Reporting Information [Line Items] | |||||
Revenue | |||||
Cost of revenue | |||||
Operating expenses | |||||
Loss from operations | |||||
Total assets | |||||
Capital expenditure | |||||
HONG KONG | |||||
Segment Reporting Information [Line Items] | |||||
Revenue | 15,000 | 5,000 | |||
Cost of revenue | |||||
Operating expenses | (17,113) | (6,613) | |||
Loss from operations | (2,113) | (1,613) | |||
Total assets | 4,888 | 4,888 | |||
Capital expenditure | |||||
MALAYSIA | |||||
Segment Reporting Information [Line Items] | |||||
Revenue | 5,000 | ||||
Cost of revenue | |||||
Operating expenses | (10,000) | (6,613) | |||
Loss from operations | (10,000) | (1,613) | |||
Total assets | 23,732 | 23,732 | |||
Capital expenditure | |||||
Financial Services Business [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue | 15,000 | 10,000 | |||
Cost of revenue | |||||
Operating expenses | (27,113) | (13,226) | |||
Loss from operations | (12,113) | (3,226) | |||
Total assets | $ 4,888 | $ 23,732 | 4,888 | 23,732 | |
Capital expenditure |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jan. 31, 2024 | Oct. 31, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||
Net loss | $ 120 | $ 11,993 | $ 1,177 | $ 1,046 | $ 12,113 | $ 2,223 | |
Accumulated deficit | $ 45,927 | $ 45,927 | $ 33,814 |