Sustainable Projects (SPGX) 10-Q 14 Jan 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Nov. 30, 2014	Jan. 14, 2015
Document And Entity Information
Entity Registrant Name	Blue Spa Inc
Entity Central Index Key	1500305
Document Type	10-Q
Document Period End Date	30-Nov-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,000,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015

Balance_Sheets

Balance Sheets (USD $)	Nov. 30, 2014	31-May-14
Current Assets:
Cash and cash equivalents	$3,399	$4,086
Prepaid expenses	274	274
TOTAL ASSETS	3,673	4,360
Current Liabilities:
Accrued Liabilities - Note 4	23,407	14,381
Notes Payable - Note 6	114,000	114,000
Interest Payable	17,030	12,458
TOTAL LIABILITIES	154,437	140,839
Going Concern - Note 2
STOCKHOLDERS' DEFICIT
Common Stock - Note 5 Par Value:$0.0001 Authorized 500,000,000 shares Common Stock Issued 7,000,000	700	700
Additional Paid in Capital	16,300	16,300
Deficit Accumulated during the development stage	-167,764	-153,479
TOTAL STOCKHOLDERS' DEFICIT	-150,764	-136,479
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$3,673	$4,360

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Nov. 30, 2014	31-May-14
Statement of Financial Position [Abstract]
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,000,000	7,000,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended		63 Months Ended
	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2014
Statements Of Operations
Administrative and other operating expenses	$7,397	$8,956	$9,713	$15,424	$147,818
Formation cost					2,916
Operating loss before interest expenses	-7,397	-8,956	-9,713	-15,424	-150,734
Interest expenses	-2,274	-1,900	-4,572	-3,090	-17,030
Operating loss before income taxes	-9,671	-10,856	-14,285	-18,514	-167,764
Income Taxes
Net loss and comprehensive loss	($9,671)	($10,856)	($14,285)	($18,514)	($167,764)
Loss per share of common stock - Basic and diluted	($0.00)	($0.00)	($0.00)	($0.00)
Weighted average shares of common stock - Basic and diluted	7,000,000	7,000,000	7,000,000	7,000,000

Statements_of_Stockholders_Def

Statements of Stockholders' Deficit and Comprehensive Income (Unaudited) (USD $)	Common Shares [Member]	Additional Paid-in Capital [Member]	Deficit Accumulated During the Development Stage [Member]	Total
Balance at Sep. 03, 2009
Balance, shares at Sep. 03, 2009
Issuance of common stock	700	16,300		17,000
Issuance of common stock, shares	7,000,000
Net loss and comprehensive loss			-17,906	-17,906
Balance at May. 31, 2010	700	16,300	-17,906	-906
Balance, shares at May. 31, 2010	7,000,000
Net loss and comprehensive loss			-21,500	-21,500
Balance at May. 31, 2011	700	16,300	-39,406	-22,406
Balance, shares at May. 31, 2011	7,000,000
Net loss and comprehensive loss			-27,646	-27,646
Balance at May. 31, 2012	700	16,300	-67,052	-50,052
Balance, shares at May. 31, 2012	7,000,000
Net loss and comprehensive loss			-24,736	-24,736
Balance at May. 31, 2013	700	16,300	-91,788	-74,788
Balance, shares at May. 31, 2013	7,000,000
Net loss and comprehensive loss			-61,691	-61,691
Balance at May. 31, 2014	700	16,300	-153,479	-136,479
Balance, shares at May. 31, 2014	7,000,000
Net loss and comprehensive loss			-14,285	-14,285
Balance at Nov. 30, 2014	$700	$16,300	($167,764)	($150,764)
Balance, shares at Nov. 30, 2014	7,000,000

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended		63 Months Ended
	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2014
Cash Flows from operating activities:
Net loss	($14,285)	($18,514)	($167,764)
Changes in current assets and liabilities
Prepaid Expenses		-10,274	-274
Accrued expenses	9,026	-15,187	23,407
Interest payable	4,572	3,090	17,030
Net cash used in operating activities	-687	-40,885	-127,601
Cash Flows from financing activities:
Proceeds from issuance of common stock			17,000
Notes payable		45,000	114,000
Net Cash generated from financing activities	0	45,000	131,000
Net increase in cash and cash equivalents	-687	4,115	3,399
Cash and cash equivalents at beginning of period	4,086	7,788
Cash and cash equivalents at end of period	$3,399	$11,903	$3,399

Organization_and_Nature_of_Ope

Organization and Nature of Operations	6 Months Ended
	Nov. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	1	Organization and Nature of Operations
	Blue Spa Incorporated (“the Company”) was incorporated in the State of Nevada, USA on September 4, 2009. The Company is in its early developmental stage since its formation and has not realized any revenues from its planned operations. The Company is engaged in the development of an internet based retailer of a multi-channel concept combining a wholesale distribution with a retail strategy. It plans to distribute quality personal care products, fitness apparel and related accessories.
	The Company has chosen a fiscal year end May 31.

Going_Concern

Going Concern	6 Months Ended
	Nov. 30, 2014
Going Concern
Going Concern	2	Going Concern
	These interim financial statements have been prepared in conformity with generally accepted accounting principles in the United States, which contemplate continuation of the Company as a going concern. However, the Company has limited operations and has sustained operating losses resulting in a deficit. In view of these matters, realization of a major portion of the assets in the accompanying balance sheet is dependent upon the continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements, and the success of its future operations.
	The Company has accumulated a deficit of $167,764 since inception September 4, 2009, has yet to achieve profitable operations and further losses are anticipated in the development of its business. The Company’s ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
	The Company believes that the cash on hand will be able to meet its on-going costs in the next 12 months. The Company may seek additional equity as necessary and it expects to raise funds through private or public equity investment in order to support existing operations and expand the range of its business. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all.

Interim_Reporting_and_Signific

Interim Reporting and Significant Accounting Policies	6 Months Ended
	Nov. 30, 2014
Accounting Policies [Abstract]
Interim Reporting and Significant Accounting Policies	3	Interim reporting and significant accounting policies
	While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, result of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim condensed financial statements be read in conjunction with the Company’s May 31, 2014 annual financial statements. Operating results for the six month period ended November 30, 2014 are not necessarily indicative of the results that can be expected for the year ended May 31, 2015.
	There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the year ended August 31, 2014.

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	6 Months Ended
	Nov. 30, 2014
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	4	Recently issued accounting pronouncements
	The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

Accrued_Expenses

Accrued Expenses	6 Months Ended
	Nov. 30, 2014
Payables and Accruals [Abstract]
Accrued Expenses	5	Accrued expenses
	Accrued expenses as of November 30, 2014 are summarized as follows:
			30-Nov-14		31-May-14
	Accrued audit fee		$	14,000	$	10,000
	Accrued accounting fee			1,150		1,575
	Accrued office expenses			8,257		2,806
	Total		$	23,407	$	14,381

Common_Stock

Common Stock	6 Months Ended
	Nov. 30, 2014
Equity [Abstract]
Common Stock	6	Common stock
	During the six months ended November 30, 2014, no shares of common stock were sold. There were a total of 7,000,000 common stocks issued and outstanding as of November 30, 2014. There were no warrants or stock options outstanding as of November 30, 2014.

Notes_Payable

Notes Payable	6 Months Ended
	Nov. 30, 2014
Notes Payable [Abstract]
Notes Payable	7	Notes payable
	There are seven (7) unsecured promissory notes bearing interest at 8% per annum which are due on demand.
	Date		Principal		Interest		Total
	6-Oct-10		$	3,000	$	998	$	3,998
	22-Feb-11			1,500		453		1,953
	17-May-11			7,500		2,125		9,625
	16-Sep-11			5,000		1,283		6,283
	4-Nov-11			5,000		1,229		6,229
	15-Mar-12			10,000		2,170		12,170
	December 14,2012			13,000		1,872		14,872
	Total		$	45,000	$	10,130	$	55,130
	There are four (4) unsecured promissory notes bearing interest at 8% per annum which are due on demand, and convertible at a conversion price of US$0.005 per share at the lender’s option. The convertible notes are at the same interest rate as promissory notes that have no conversion feature.
	Date		Principal		Interest		Total
	2-Apr-13		$	14,000	$	1,863	$	15,863
	4-Sep-13			30,000		2,972		32,972
	15-Oct-13			15,000		1,351		16,351
	8-Jan-14			10,000		714		10,714
	Total		$	69,000	$	6,900	$	75,900

Subsequent_Events

Subsequent Events	6 Months Ended
	Nov. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	8	Subsequent Events
	Subsequent to November 30, 2014, the Company entered into an unsecured $20,000 note payable bearing an interest at 8% per annum which are due on demand, and is convertible at a conversion price of USD$0.005 per share at the lender’s option.

Accrued_Expenses_Tables

Accrued Expenses (Tables)	6 Months Ended
	Nov. 30, 2014
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses as of November 30, 2014 are summarized as follows:
		30-Nov-14		31-May-14
	Accrued audit fee	$	14,000	$	10,000
	Accrued accounting fee		1,150		1,575
	Accrued office expenses		8,257		2,806
	Total	$	23,407	$	14,381

Notes_Payable_Tables

Notes Payable (Tables)	6 Months Ended
	Nov. 30, 2014
Notes Payable [Abstract]
Schedule of Notes Payable	There are seven (7) unsecured promissory notes bearing interest at 8% per annum which are due on demand.
	Date	Principal		Interest		Total
	6-Oct-10	$	3,000	$	998	$	3,998
	22-Feb-11		1,500		453		1,953
	17-May-11		7,500		2,125		9,625
	16-Sep-11		5,000		1,283		6,283
	4-Nov-11		5,000		1,229		6,229
	15-Mar-12		10,000		2,170		12,170
	December 14,2012		13,000		1,872		14,872
	Total	$	45,000	$	10,130	$	55,130
	There are four (4) unsecured promissory notes bearing interest at 8% per annum which are due on demand, and convertible at a conversion price of US$0.005 per share at the lender’s option. The convertible notes are at the same interest rate as promissory notes that have no conversion feature.
	Date	Principal		Interest		Total
	2-Apr-13	$	14,000	$	1,863	$	15,863
	4-Sep-13		30,000		2,972		32,972
	15-Oct-13		15,000		1,351		16,351
	8-Jan-14		10,000		714		10,714
	Total	$	69,000	$	6,900	$	75,900

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Nov. 30, 2014
Going Concern
Accumulated deficit	$167,764

Accrued_Expenses_Schedule_of_A

Accrued Expenses - Schedule of Accrued Expenses (Details) (USD $)	Nov. 30, 2014	31-May-14
Payables and Accruals [Abstract]
Accrued audit fee	$14,000	$10,000
Accrued accounting fee	1,150	1,575
Accrued office expenses	8,257	2,806
Total	$23,407	$14,381

Common_Stock_Details_Narrative

Common Stock (Details Narrative)	6 Months Ended
	Nov. 30, 2014	31-May-14
Equity [Abstract]
Number of common stock sold during period	0
Common stock, shares issued	7,000,000	7,000,000
Common stock, shares outstanding	7,000,000
Number of warrants outstanding	0
Number of outstanding stock options	0

Notes_Payable_Details_Narrativ

Notes Payable (Details Narrative) (USD $)	6 Months Ended
	Nov. 30, 2014
	Integer
Notes payable, interest rate	8.00%
Debt instrument, conversion price	0.005
Unsecured Notes One [Member]
Number of unsecured promissory notes	7
Unsecured Notes Two [Member]
Number of unsecured promissory notes	4

Notes_Payable_Schedule_of_Note

Notes Payable - Schedule of Notes Payable (Details) (USD $)	6 Months Ended
	Nov. 30, 2014
Unsecured Notes One [Member]
Notes payable, Principal	$45,000
Notes payable, Interest	10,130
Notes payable, Total	55,130
Unsecured Notes One [Member] | October 6, 2010 [Member]
Date	6-Oct-10
Notes payable, Principal	3,000
Notes payable, Interest	998
Notes payable, Total	3,998
Unsecured Notes One [Member] | February 22, 2011 [Member]
Date	22-Feb-11
Notes payable, Principal	1,500
Notes payable, Interest	453
Notes payable, Total	1,953
Unsecured Notes One [Member] | May 17, 2011 [Member]
Date	17-May-11
Notes payable, Principal	7,500
Notes payable, Interest	2,125
Notes payable, Total	9,625
Unsecured Notes One [Member] | September 16, 2011 [Member]
Date	16-Sep-11
Notes payable, Principal	5,000
Notes payable, Interest	1,283
Notes payable, Total	6,283
Unsecured Notes One [Member] | November 4, 2011 [Member]
Date	4-Nov-11
Notes payable, Principal	5,000
Notes payable, Interest	1,229
Notes payable, Total	6,229
Unsecured Notes One [Member] | March 15, 2012 [Member]
Date	15-Mar-12
Notes payable, Principal	10,000
Notes payable, Interest	2,170
Notes payable, Total	12,170
Unsecured Notes One [Member] | December 14, 2012 [Member]
Date	14-Dec-12
Notes payable, Principal	13,000
Notes payable, Interest	1,872
Notes payable, Total	14,872
Unsecured Notes Two [Member]
Notes payable, Principal	69,000
Notes payable, Interest	6,900
Notes payable, Total	75,900
Unsecured Notes Two [Member] | April 2, 2013 [Member]
Date	2-Apr-13
Notes payable, Principal	14,000
Notes payable, Interest	1,863
Notes payable, Total	15,583
Unsecured Notes Two [Member] | September 4, 2013 [Member
Date	4-Sep-13
Notes payable, Principal	30,000
Notes payable, Interest	2,972
Notes payable, Total	32,972
Unsecured Notes Two [Member] | October 15, 2013 [Member
Date	15-Oct-13
Notes payable, Principal	15,000
Notes payable, Interest	1,351
Notes payable, Total	16,351
Unsecured Notes Two [Member] | January 8, 2014 [Member]
Date	8-Jan-14
Notes payable, Principal	10,000
Notes payable, Interest	714
Notes payable, Total	$10,714

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (USD $)	Nov. 30, 2014
Notes payable, interest rate	8.00%
Debt instrument, conversion price	$0.01
Notes Payable [Member]
Unsecured note payable	$20,000
Notes payable, interest rate	8.00%
Debt instrument, conversion price	$0.01