| Document and Entity Information - USD ($) shares in Thousands | 12 Months Ended | |
| Dec. 31, 2016 | Jun. 30, 2016 | |
| Document and Entity Information: | ||
| Entity Registrant Name | WESTERN LUCRATIVE ENTERPRISES, INC. | |
| Document Type | 10-K | |
| Document Period End Date | Dec. 31, 2016 | |
| Amendment Flag | false | |
| Entity Central Index Key | 1,442,101 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Common Stock, Shares Outstanding | 8,005 | |
| Entity Public Float | $ 600,000 | |
| 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 | 2,016 | |
| Document Fiscal Period Focus | FY |
| WESTERN LUCRATIVE ENTERPRISES, INC BALANCE SHEETS - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
| Current liabilities | ||
| Related party loan | $ 17,500 | $ 17,500 |
| Beneficial conversion feature on loan | (17,500) | (17,500) |
| Accrued interest | 3,098 | 2,468 |
| Total current liabilities | 34,913 | 28,483 |
| Shareholders' equity | ||
| Common stock | 8,505 | 8,505 |
| Additional paid-in capital | 74,389 | 74,389 |
| Retained earnings (Accumulated Deficit) | (117,807) | (111,377) |
| Total shareholders' equity | $ (34,913) | $ (28,483) |
| Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
| Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
| Common Stock, Shares Issued | 8,505,000 | 8,505,000 |
| Common Stock, Shares Outstanding | 8,505,000 | 8,505,000 |
| Common Stock, Value, Outstanding | $ 8,505 | $ 8,505 |
| WESTERN LUCRATIVE ENTERPRISES, INC. - STATEMENTS OF INCOME - USD ($) | 12 Months Ended | 24 Months Ended | 102 Months Ended | |
| Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2016 | |
| Expenses | ||||
| General & administrative | $ 37,682 | |||
| Professional fees | $ 5,805 | $ 5,800 | 95,347 | |
| Total expenses | 5,805 | 5,805 | 133,029 | |
| Interest expense | (627) | (630) | (3,715) | |
| Total other income/ (expense) | (627) | (627) | 15,222 | |
| Net loss | $ (6,430) | $ (6,432) | $ (6,430) | $ (117,807) |
| Basic and diluted loss per common share | $ 0 | $ 0 | $ 0 | |
| Weighted average number of common shares outstanding | 8,505,000 | 8,505,000 | ||
| WESTERN LUCRATIVE ENTERPRISES, INC. STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014 | $ 8,505 | $ 74,389 | $ (104,945) | $ (22,051) |
| Shares outstanding, Value at Dec. 31, 2014 | 8,505,000 | |||
| Shares outstanding, Shares at Dec. 31, 2014 | 8,505,000 | |||
| Stockholders' Equity, Period Increase (Decrease) | (6,432) | (6,432) | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2015 | $ 8,505 | 74,389 | (104,945) | (22,051) |
| Balance, Value at Dec. 31, 2015 | 8,505,000 | |||
| Balance, Shares at Dec. 31, 2015 | 8,505,000 | |||
| Stockholders' Equity, Period Increase (Decrease) | (6,430) | (6,430) | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2016 | $ 8,505 | $ 74,389 | $ (117,807) | $ (34,913) |
| Balance, Value at Dec. 31, 2016 | 8,505,000 | |||
| Balance, Shares at Dec. 31, 2016 | 8,505,000 |
| Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | A summary of significant accounting policies of Western Lucrative Enterprises, Inc. (A Development Stage Company) (the Company) is presented to assist in understanding the Companys financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying financial statements. These financial statements and notes are representations of the Companys management who are responsible for their integrity and objectivity. The Company has not realized revenues from its planned principal business purpose and is considered to be in its development state in accordance with ASC 915, Development Stage Entities Organization, Nature of Business and Trade Name The Company was incorporated in the State of Iowa on July 14, 2008 and has as a principal business objective of becoming an online landscape design, construction, and consulting service. The Company intends to develop procedures to make the information given to a prospective purchaser as accurate as possible to lead to the highest percentage of successful Western Lucrative purchases. The Company also intends to focus only on items that can be designed without travel to the location. Neville Pearson was being appointed as a Director of the Company on August 14, 2010. Subsequently on August 17, 2010, he was appointed as President, Treasurer, and Secretary of the Company. Concentration of Risk The Company at times may maintain a cash balance in excess of insured limits. However, as of December 31, 2016, the Company has no cash in excess of insured limits. Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) all valid transactions are recorded and (3) transactions are recorded in the period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the company for the respective periods being presented. Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements estimates or assumptions could have a material impact on the Companys financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Companys financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. WESTERN LUCRATIVE ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements December 31, 2016 and 2015 ___________________________________________________________________________________________________________ Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Accounts Receivable Accounts receivable, if any, is carried at the expected net realizable value. The allowance for doubtful accounts, when determined, will be based on management's assessment of the collectability of specific customer accounts and the aging of the accounts receivables. If there were a deterioration of a major customer's creditworthiness, or actual defaults were higher than historical experience, our estimates of the recoverability of the amounts due to us could be overstated, which could have a negative impact on operations. The Company has been in the developmental stage since inception and has no operation to date. The Company currently does not have any accounts receivable. The above accounting policies will be adopted upon the Company carries accounts receivable. Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5 - 7 years Vehicles 5-10 years Website / Software 10-15 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. The Company has been in the developmental stage since inception and has no operation to date. The Company currently does not have any property and equipment. The above accounting policies will be adopted upon the Company maintains property and equipment. Accounts Payable and Accrued expense The Company has accounts payable and accrued expenses in the amount of $26,015, and $26,015 as of December 31, 2016, and 2015 respectively. During the course of the audit it was pointed out that the annual audit fees for 2012 and 2013 in the amounts of $3,750 for each year had in fact been paid directly by the majority shareholder, and the liability of the company to the shareholder was not yet reflected in the professional fees expenses or the accounts payable balance for those years. This situation has now been corrected. |
| Note B - Going Concern | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note B - Going Concern | NOTE B - 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. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. In the coming year, the Companys foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with operations and business developments. The Company may experience a cash shortfall and be required to raise additional capital. Historically, as the Company has no business revenues, it has mostly relied upon funds contributed by shareholders and associated companies to finance its overheads and research. Management may raise additional capital by retaining net earnings or through future public or private offerings of the Companys stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Companys failure to do so could have a material and adverse effect upon it and its shareholders. |
| Note C - Notes Payable & Debt Discounts | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note C - Notes Payable & Debt Discounts | NOTE C NOTES PAYABLE & DEBT DISCOUNTS On December 31, 2012, the Company issued two new Convertible Notes in the amounts of $6,000 and $1,500 to Magellan Capital Partners, Inc. and Savile Town Investments, Inc. respectively. The chart below summarizes the term of the Notes Payable & Debt Discounts of the Company as of December 31, 2016. The Company is currently in good standing of its promissory notes to Millenium Group, Inc. (Millenium), a California corporation, Magellan Capital Partners (Magellan) and Savile Town Investments, Inc. (Savile Town). WESTERN LUCRATIVE ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements December 31, 2016 and 2015 ___________________________________________________________________________________________________________ Terms Amount Notes Payable to Related Party (Millenium): Notes Payable to Related Party (Magellan): Notes Payable to Related Party (Savile Town): $10,000 $6,000 $1,500 Convertible Notes to Magellan Capital Partner, Inc. and Savile Town Investments, Inc. The Company received service through issuing a total of $7,500 convertible notes to Magellan Capital Partners and Savile Town Investments, Inc. In exchange for the $7,500 notes, the two lenders would have an option to receive a total of 750,000 common shares by fully converting these shares at $0.01 per diluted common shares. In accordance with ASC 470-20, Debt with conversion and other options Convertible Note to Millenium Group, Inc. The original beneficial conversion feature was resulted from a note issued to Millenium Group, Inc. in the amount of $10,000 on August 20, 2010. The note is convertible at holders option into 4% of the Companys fully diluted common shares at the time of conversion, with anti-dilution protection (not adjusted for splits or new issuances), and matures on August 20, 2016. On August 20, 2016, this note was renewed and the mature date is extended to August 20, 2017. No beneficial conversion feature occurs with this note renewal since the beneficial conversion feature had been recognized, and had been completely amortized. As of December 31, 2016, there is $1,592.47 accrued interest which is due on the maturity date of note. WESTERN LUCRATIVE ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements December 31, 2016 and 2015 ______________________________________________________________________________________________________________ NOTE C NOTES PAYABLE & DEBT DISCOUNTS (CONTINUED) As of December 31, 2016, the carrying values of our short-term and long-term notes payable are as follows: Effective Interest Rate Principal Discount December 31, 2016 Current notes payable Magallen Group Inc. 5.00 % 6,000 6,000 - Savile Town Investments, Inc. 5.00 % 1,500 1,500 - Millenium Group Inc. 2.50 % 10,000 10,000 Total short-term notes payable $ 17,500 $ 17,500 $ - Total short-term and long-term notes payable $ 17,500 $ 17,500 $ - As of December 31, 2016, the future principal payments of the above convertibles notes are as follows: 2016 17,500 2017 0 Total $17,500 |
| Note D - Income Tax | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note D - Income Tax | NOTE D INCOME TAX The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 Income Taxes, The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the periods ended December 31, 2016 or 2015, applicable under ACS 740. As a result of the adoption of ACS 740, we did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet. The component of the Companys deferred tax asset as of December 31, 2016 and 2015 is as follows: 2015 2014 Net operating loss carry forward 111,377 104,945 Valuation allowance (111,377) (104,945) Net deferred tax asset $ - $ - The Company did not pay any income taxes during the periods ended December 31, 2016 or 2015. WESTERN LUCRATIVE ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements December 31, 2016 and 2015 ______________________________________________________________________________________________________________ The net federal operating loss carry forward will expire in 2032. This carry forward may be limited upon the consummation of a business combination under IRC Section 381. |
| Note E - Common Stock | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note E - Common Stock | NOTE E COMMON STOCK The Company's articles of incorporation provide for the authorization of seven hundred fifty million shares of common stock with par values of $0.001. Common stock holders have all the rights and obligations that normally pertain to stockholders of Iowa corporations. As of December 31, 201, the Company had 8,505,000 shares of common stock issued and outstanding. |
| Note G - Related Party Transactions | 12 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note G - Related Party Transactions | NOTE G RELATED PARTY TRANSACTIONS The holder (Millenium Group, Inc.) of the $10,000 convertible note is owned by Jonathan Mork who is a son of Dempsey Mork, the owner of Orion Investment which holds more than 5% of the common shares from the Company. The holder (Magellan Capital Partners) of the $6,000 convertible note is owned by Dempsey Mork owner of MCC Profit Sharing Plan which holds more than 5% of the common shares from the Company. The holder (Savile Town Investments, Inc.) of the $1,500 convertible note is owned by Neville Pearson a Director of The Company and also its current President, Treasurer, and Secretary. |
