Concrete Leveling Systems (CLEV) 10-Q11 Jun 152015 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information	9 Months Ended
Document and Entity Information	Apr. 30, 2015
Document and Entity Information:
Entity Registrant Name	Concrete Leveling Systems Inc
Entity Trading Symbol	CLEV
Document Type	10-Q
Document Period End Date	30-Apr-15
Amendment Flag	FALSE
Entity Central Index Key	1414382
Current Fiscal Year End Date	-24
Entity Common Stock, Shares Outstanding	6,395,418
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

Balance Sheets (USD $)	Apr. 30, 2015	Jul. 31, 2014
Current Assets
Cash in bank	$94	$593
Accounts receivable, net of allowance for doubtful accounts of $2,248 at April 30, 2015 and July 31, 2014	2,592	2,727
Current portion of notes receivable, net of allowance for loan losses of $29,325 at April 30, 2015 and July 31, 2014	21,466	13,087
Interest receivable, net of collectability allowance of $2,692 and $2,185 at April 30, 2015 and July 31, 2014	2,872	2,288
Inventory	17,208	15,596
Prepaid expenses and other current assets	0	436
Total Current Assets	44,232	34,727
Property, Plant and Equipment
Equipment	700	700
Less: Accumulated depreciation	-700	-700
Total Property, Plant and Equipment	0	0
Other Assets
Notes receivable, net of current portion	7,301	17,271
Deposits	10	10
Total Other Assets	7,311	17,281
TOTAL ASSETS	51,543	52,008
Current Liabilities
Accounts payable	35,670	30,923
Accounts payable - stockholders	35,770	36,074
Advances - stockholders	69,800	49,600
Notes payable - stockholders	62,750	62,750
Accrued interest - stockholders	15,139	15,139
Other accrued expenses	9,550	8,529
Total Current Liabilities	228,679	203,015
Stockholders' Equity (Deficit)
Common stock (par value $0.001) 100,000,000 shares authorized: 6,395,418 shares issued and outstanding at April 30, 2015 and July 31, 2014	6,395	6,395
Additional paid-in capital	405,355	405,355
Retained (deficit)	-588,886	-562,757
Total Stockholders' Equity (Deficit)	-177,136	-151,007
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$51,543	$52,008

Balance Sheets Parentheticals (USD $)	Apr. 30, 2015	Jul. 31, 2014
Parentheticals
Allowance for doubtful accounts	$2,248	$2,248
Allowance for loan allowances	29,325	29,325
Interest receivable collectability allowance	$2,692	$2,185
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	6,395,418	6,395,418
Common Stock, shares outstanding	6,395,418	6,395,418

Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Statements of Operations (USD $)	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Revenues:
Equipment and parts sales	$0	$0	$545	$0
Cost of Sales	0	0	308	0
Gross Margin	0	0	237	0
Expenses
Selling, general and administration	4,330	5,323	26,683	27,784
(Loss) from Operations	-4,330	-5,323	-26,446	-27,784
Other Income (Expense)
Interest income	398	837	1,001	2,439
Interest expense	-229	-224	-683	-637
Total Other Income (Expense)	169	613	318	1,802
Net (Loss) Before Income Taxes	-4,161	-4,710	-26,128	-25,982
Provision for Income Taxes	0	0	0	0
Net (Loss)	($4,161)	($4,710)	($26,128)	($25,982)
Net (Loss) per Share - Basic and Fully Diluted	$0	$0	$0	$0
Weighted average number of common shares outstanding - basic and fully diluted	6,395,418	6,395,418	6,395,418	6,395,418

Statements of Cash Flows (USD $)	9 Months Ended
Statements of Cash Flows (USD $)	Apr. 30, 2015	Apr. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	($26,128)	($25,982)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation	0	0
(Increase) Decrease in accounts receivable	135	0
(Increase) Decrease in interest receivable	-584	-1,832
Decrease (Increase) in inventory	-1,612	-12,732
Decrease in prepaid expenses and other current assets	436	0
Decrease (Increase) in Deposits	0	12,000
Increase (Decrease) in accounts payable	4,443	-6,807
Increase (Decrease) in other accrued expenses	1,021	1,032
Net cash from (used by) operating activities	-22,289	-34,321
CASH FLOWS FROM INVESTING ACTIVITIES
Payments on notes receivable	1,542	2,891
CASH FLOWS FROM FINANCING ACTIVITIES
Loans from stockholders	20,200	29,900
Net (decrease) in cash	-547	-1,530
Cash and equivalents - beginning	641	2,171
Cash and equivalents - ending	94	641
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Interest	683	637
Income Taxes	$0	$0

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Apr. 30, 2015
BASIS OF PRESENTATION:
BASIS OF PRESENTATION	NOTE A - BASIS OF PRESENTATION

	The accompanying unaudited financial statements have been prepared in accordance

	with accounting principles generally accepted in the United States of America

	for interim financial information and with the instructions to Form 10?Q and

	Article 8 of Regulation S-X. Accordingly, they do not include all the

	information and footnotes required by accounting principles generally accepted

	in the United States of America for complete financial statements. In the

	opinion of management, all adjustments (consisting of normal recurring accruals)

	considered necessary for a fair presentation have been included. For further

	information, refer to the financial statements and footnotes thereto included in

	the Concrete Leveling Systems, Inc. Form 10-K filing for the period ended July

	31, 2014.

GOING CONCERN	9 Months Ended
GOING CONCERN	Apr. 30, 2015
GOING CONCERN
GOING CONCERN	NOTE B - GOING CONCERN

	As shown in the financial statements, the Company incurred a net loss of $4,161

	for the three months ended April 30, 2015, and has incurred substantial net

	losses since its inception. At April 30, 2015, current liabilities exceed

	current assets by $184,447. These factors raise substantial doubt about the

	Company's ability to continue as a going concern. The financial statements do

	not include any adjustments relating to the recoverability and classification of

	recorded assets, or the amounts and classification of liabilities that might be

	necessary in the event the Company cannot continue existence.

GOING CONCERN (Details) (USD $)	3 Months Ended
GOING CONCERN (Details) (USD $)	Jan. 31, 2015
Going Concern Details:
Net loss	$4,161
Current liabilities exceed current assets	$184,447