Skookum Safety Solutions (SKSK) 10-K 30 May 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Aug. 31, 2013	Apr. 07, 2014
Document And Entity Information	'	'
Entity Registrant Name	'SKOOKUM SAFETY SOLUTIONS CORP.	'
Entity Central Index Key	'0001537048	'
Document Type	'10-K	'
Document Period End Date	31-Aug-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--08-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$0
Entity Common Stock, Shares Outstanding	'	2,300,000
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2013	'

Balance_Sheets

Balance Sheets (USD $)	Aug. 31, 2013	Aug. 31, 2012
Current Assets	'	'
Cash and equivalents	$17,505	$40,948
TOTAL ASSETS	17,505	40,948
Current Liabilities	'	'
Accrued expenses	7,950	6,900
Total Liabilities	7,950	6,900
Stockholders Equity	'	'
Common Stock, $.001 par value, 30,000,000 shares authorized, 2,300,000 shares issued and outstanding (2,300,000 – August 31, 2012)	2,300	2,300
Additional paid-in capital	100,825	100,825
Deficit accumulated during the development stage	-93,570	-69,077
Total Stockholders Equity	9,555	34,048
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$17,505	$40,948

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Aug. 31, 2013	Aug. 31, 2012
Statement of Financial Position [Abstract]	'	'
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Issued and outstanding	2,300,000	2,300,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		34 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
Income Statement [Abstract]	'	'	'
REVENUES	$0	$0	$0
EXPENSES	'	'	'
Professional fees	23,593	36,329	71,922
Officer compensation	0	8,125	8,125
General and administrative	900	8,015	13,523
TOTAL EXPENSES	24,493	52,469	93,570
LOSS FROM OPERATIONS	-24,493	-52,469	-93,570
PROVISION FOR INCOME TAXES	0	0	0
NET LOSS	($24,493)	($52,469)	($93,570)
NET LOSS PER SHARE: BASIC AND DILUTED	($0.01)	($0.02)	'
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	2,300,000	2,045,860	'

Statement_of_Stockholders_Equi

Statement of Stockholders Equity (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During the Development Stage	Total
Beginning balance, amount at Oct. 18, 2010	'	'	'	'
Founder shares issued for cash, shares	1,500,000	'	'	1,500,000
Founder shares issued for cash, amount	$1,500	$28,500	'	$30,000
Shares issued for cash, shares	500,000	'	'	500,000
Shares issued for cash, amount	500	39,500	'	40,000
Net loss	'	'	-16,608	-16,608
Ending balance, amount at Aug. 31, 2011	2,000	68,000	-16,608	53,392
Ending balance, shares at Aug. 31, 2011	2,000,000	'	'	'
Shares issued for cash, shares	300,000	'	'	300,000
Shares issued for cash, amount	300	29,700	'	30,000
Forgiveness of accrued officer compensation	'	3,125	'	3,125
Net loss	'	'	-52,469	-52,469
Ending balance, amount at Aug. 31, 2012	2,300	100,825	-69,077	34,048
Ending balance, shares at Aug. 31, 2012	2,300,000	'	'	'
Net loss	'	'	-24,493	-24,493
Ending balance, amount at Aug. 31, 2013	$2,300	$100,825	$93,570	$9,555
Ending balance, shares at Aug. 31, 2013	2,300,000	'	'	'

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		34 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'
Net loss for the period	($24,493)	($52,469)	($93,570)
Adjustments to reconciled net loss to net cash used in operating activities:	'	'	'
(Increase) decrease in prepaid expenses	0	5,000	0
Increase (decrease) in accrued expenses	1,050	900	7,950
Increase in accrued officer compensation	0	3,125	0
Increase (decrease) in due to officer	0	-503	0
Net Cash Used in Operating Activities	-23,443	-43,947	-85,620
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Proceeds from issuance of common stock	0	30,000	100,000
Capital contribution	0	0	3,125
Net Cash Provided by Financing Activities	0	30,000	103,125
NET INCREASE (DECREASE) IN CASH	-23,443	-13,947	17,505
Cash, beginning of period	40,948	54,895	0
Cash, end of period	17,505	40,948	17,505
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'	'
Cash paid for interest	0	0	0
Cash paid for income taxes	$0	$0	$0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:	'	'	'
Forgiveness of accrued officer compensation	0	3,125	3,125

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2013
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Nature of Business
	Skookum Safety Solutions Corp. (‘Skookum” or “the Company”) was incorporated under the laws of the State of Nevada, U.S. on October 19, 2010. Skookum is developing a line of baby products. Skookum is a development stage company and has not yet realized any revenues from its planned operations.
	Development Stage Company
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted an August 31 fiscal year end.
	Cash and Cash Equivalents
	Skookum considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, 2013 and 2012, respectively, the Company had $17,505 and $40,948 of cash.
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
	Income Taxes
	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Revenue Recognition
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
	Foreign Currency
	The operations of the Company are located in Canada and Costa Rica. Skookum maintains both U.S. Dollar and Canadian Dollar bank accounts. The functional currency is the U.S. Dollar. Transactions in foreign currencies other than the functional currency, if any, are re-measured into the functional currency at the rate in effect at the time of the transaction. Re-measurement gains and losses that arise from exchange rate fluctuations are included in income or loss from operations due to materiality. Monetary assets and liabilities denominated in Canadian Dollars are translated into U.S. Dollars at the rate in effect at the balance sheet date. Revenue and expenses denominated in Canadian Dollars are translated at the average exchange rate.
	Basic Income (Loss) Per Share
	Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of August 31, 2013.
	Stock-Based Compensation
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
	Recent Accounting Pronouncements
	Skookum does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

ACCRUED_EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Aug. 31, 2013
Payables and Accruals [Abstract]	'
ACCRUED EXPENSES	'
	Accrued expenses at August 31, 2013 and 2012 consisted of amounts due to the Company’s accountant and outside independent auditors.

COMMON_STOCK

COMMON STOCK	12 Months Ended
	Aug. 31, 2013
Equity [Abstract]	'
COMMON STOCK	'
	The Company has 30,000,000 shares of $0.001 par value common stock authorized.
	During the period ended August 31, 2011, the Company issued 1,500,000 shares of common stock at $0.02 per share to its founder for total cash proceeds of $30,000.
	Additionally, the Company issued 500,000 shares of common stock at $0.08 per share for total cash proceeds of $40,000.
	During the year ended August 31, 2012, the Company issued 300,000 shares of common stock at $0.10 per share for total cash proceeds of $30,000.
	On July 19, 2012, a shareholder forgave a balance due of $3,125. The amount was recorded as contributed capital.
	As of August 31, 2013 there were 2,300,000 shares of common stock issued and outstanding.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Aug. 31, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	As of August 31, 2013, the Company had net operating loss carry forwards of approximately $93,570 that may be available to reduce future years’ taxable income through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.
	The provision for Federal income tax consists of the following for the years ended August 31, 2013 and 2012:
		31-Aug-13			31-Aug-12
	Federal income tax benefit attributable to:
	Current Operations	$	8,328		$	17,839
	Less: valuation allowance		(8,328	)		(17,839	)
	Net provision for Federal income taxes	$	0		$	0
	The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of August 31, 2013 and 2012:
		31-Aug-13			31-Aug-12
	Deferred tax asset attributable to:
	Net operating loss carryover	$	31,814		$	23,486
	Less: valuation allowance		(31,814	)		(23,486	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $93,570 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Aug. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	During the year ended August 31, 2012, the Company entered into an agreement with an officer and shareholder for compensation in the amount of $10,000. The agreement was for the period from January 1, 2012 through August 31, 2012. The officer and shareholder was paid $5,000 on this agreement as of August 31, 2012. On July 19, 2012, the officer resigned and forgave the prorated balance due on the agreement of $3,125. The amount was recorded as contributed capital.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Aug. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
GOING CONCERN	'
	Skookum has a deficit accumulated during the development stage of $93,570 as of August 31, 2013. Skookum's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, Skookum has no current source of revenue and a limited amount of working capital. Without realization of additional capital, it would be unlikely for Skookum to continue as a going concern. Skookum's management plans on raising cash from public or private debt or equity financing, on an as needed basis and in the longer term, and, ultimately, upon achieving profitable operations through the development of business activities.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to August 31, 2013 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2013
Accounting Policies [Abstract]	'
Nature of Business	'
	Skookum Safety Solutions Corp. (‘Skookum” or “the Company”) was incorporated under the laws of the State of Nevada, U.S. on October 19, 2010. Skookum is developing a line of baby products. Skookum is a development stage company and has not yet realized any revenues from its planned operations.
Development Stage Company	'
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
Basis of Presentation	'
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Accounting Basis	'
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted an August 31 fiscal year end.
Cash and Cash Equivalents	'
	Skookum considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, 2013 and 2012, respectively, the Company had $17,505 and $40,948 of cash.
Fair Value of Financial Instruments	'
	The Company’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
Income Taxes	'
	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Use of Estimates	'
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	'
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
Foreign Currency	'
	The operations of the Company are located in Canada and Costa Rica. Skookum maintains both U.S. Dollar and Canadian Dollar bank accounts. The functional currency is the U.S. Dollar. Transactions in foreign currencies other than the functional currency, if any, are re-measured into the functional currency at the rate in effect at the time of the transaction. Re-measurement gains and losses that arise from exchange rate fluctuations are included in income or loss from operations due to materiality. Monetary assets and liabilities denominated in Canadian Dollars are translated into U.S. Dollars at the rate in effect at the balance sheet date. Revenue and expenses denominated in Canadian Dollars are translated at the average exchange rate.
Basic Income (Loss) Per Share	'
	Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of August 31, 2013.
Stock-Based Compensation	'
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Recent Accounting Pronouncements	'
	Skookum does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2013
Income Tax Disclosure [Abstract]	'
Federal Income Tax	'
		31-Aug-13			31-Aug-12
	Federal income tax benefit attributable to:
	Current Operations	$	8,328		$	17,839
	Less: valuation allowance		(8,328	)		(17,839	)
	Net provision for Federal income taxes	$	0		$	0
Deferred Tax Asset	'
		31-Aug-13			31-Aug-12
	Deferred tax asset attributable to:
	Net operating loss carryover	$	31,814		$	23,486
	Less: valuation allowance		(31,814	)		(23,486	)
	Net deferred tax asset	$	0		$	0

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2011	Oct. 18, 2010
Accounting Policies [Abstract]	'	'	'	'
Date of Incorporation	19-Oct-10	'	'	'
Fiscal Year End	'--08-31	'	'	'
Cash	$17,505	$40,948	$54,895	$0

COMMON_STOCK_Details_Narrative

COMMON STOCK (Details Narrative) (USD $)	10 Months Ended	12 Months Ended		34 Months Ended
	Aug. 31, 2011	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
Equity [Abstract]	'	'	'	'
Common Stock Shares Authorized	'	30,000,000	30,000,000	30,000,000
Common Stock, Par Value	'	$0.00	$0.00	$0.00
Founder Shares Issued For Cash, Shares	1,500,000	'	'	'
Founder Shares Issued For Cash, Par Value	$0.02	'	'	'
Founder Shares Issued For Cash, Value	$30,000	'	'	'
Shares Issued For Cash, Shares	500,000	'	300,000	'
Shares Issued For Cash, Par Value	$0.08	'	$0.10	'
Shares Issued For Cash, Value	$40,000	'	$30,000	'
Forgiveness Of Accrued Officer Compensation	'	0	3,125	3,125
Common Stock Shares Issued	'	2,300,000	2,300,000	2,300,000

INCOME_TAXES_Federal_Income_Ta

INCOME TAXES - Federal Income Tax (Details) (USD $)	9 Months Ended	12 Months Ended
	31-May-12	Aug. 31, 2013
Federal income tax benefit attributable to:	'	'
Current Operations	$17,839	$8,328
Less: valuation allowance	-17,839	-8,328
Net provision for Federal income taxes	$0	$0

INCOME_TAXES_Deferred_Tax_Asse

INCOME TAXES - Deferred Tax Asset (Details) (USD $)	Aug. 31, 2013	Aug. 31, 2012
Deferred tax asset attributable to:	'	'
Net operating loss carryover	$31,814	$23,486
Less: valuation allowance	-31,814	-23,486
Net deferred tax asset	$0	$0

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2013
Income Tax Disclosure [Abstract]	'
Operating Loss Carryforwards	$93,570
Carryforward Expiration Date	31-Jan-32
Effective Income Tax Rate	34.00%

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended		34 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
Related Party Transactions [Abstract]	'	'	'
Officer and shareholder compensation owed	'	$10,000	'
Payments to officer and shareholder for compensation	'	$5,000	'
Forgiveness Of Accrued Officer Compensation	0	3,125	3,125

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	Aug. 31, 2013	Aug. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Deficit Accumulated During Development Stage	($93,570)	($69,077)