Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended |
Jan. 31, 2014 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'ANYTRANSLATION CORP |
Document Type | '10-K |
Document Period End Date | 31-Jan-14 |
Amendment Flag | 'false |
Entity Central Index Key | '0001571804 |
Current Fiscal Year End Date | '--01-31 |
Entity Common Stock, Shares Outstanding | 6,079,000 |
Entity Public Float | $60,790 |
Entity Filer Category | 'Non-accelerated Filer |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'FY |
Balance_sheets
Balance sheets (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
Assets, Current | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $20,009 | $2,879 |
Marketable Securities, Current | ' | 0 |
Assets | 20,009 | 2,879 |
Liabilities, Current | ' | ' |
Advances from director | 5,678 | 678 |
Liabilities, Current | 5,678 | 678 |
Liabilities | 5,678 | 678 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | ' |
Common Stock, value issued and outstanding | 6,079 | 5,000 |
Additional Paid in Capital, Common Stock | 20,501 | ' |
Deficit accumulated during the development stage (Accumulated Deficit) | -12,249 | -2,799 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 14,331 | 2,201 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 5,000,000 | 5,000,000 |
Common Stock, Shares Outstanding | 5,000,000 | 5,000,000 |
Liabilities and Equity | $20,009 | $2,879 |
Unaudited_Statement_of_Operati
Unaudited Statement of Operations (USD $) | 7 Months Ended | 12 Months Ended | 19 Months Ended |
Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | |
Revenues | ' | ' | ' |
Revenues | $0 | $3,990 | $3,990 |
Operating Expenses | ' | ' | ' |
Miscellaneous Expense | ' | 0 | ' |
Selling, General and Administrative Expense | 2,799 | 13,440 | 16,239 |
Total Operating Expenses | 2,799 | 13,440 | 16,239 |
Net loss from operations | -2,799 | -9,450 | -12,249 |
Income Tax Expense (Benefit) | ' | ' | ' |
Provision for Income Taxes (Benefit) | 0 | 0 | 0 |
Net Income (Loss) | ($2,799) | ($9,450) | ($12,249) |
Earnings Per Share | ' | ' | ' |
Earnings Per Share, Basic and Diluted | $0 | $0 | $0 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 4,738,095 | 5,151,532 | 5,151,532 |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (USD $) | 7 Months Ended | 12 Months Ended | 19 Months Ended |
Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' |
Net loss for the period | ($2,799) | ($9,450) | ($12,249) |
Net Cash Provided by (Used in) Operating Activities | -2,799 | -9,450 | -12,249 |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' |
Payments to Acquire Property, Plant, and Equipment | ' | ' | 0 |
Net Cash Provided by (Used in) Investing Activities | 0 | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' |
Proceeds from director loan | 678 | 5,000 | 5,678 |
Proceeds from Issuance of Common Stock | 5,000 | 21,580 | 26,580 |
Repayment of Notes Receivable from Related Parties | 0 | 0 | 0 |
Proceeds from Contributions from Affiliates | 0 | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | 5,678 | 26,580 | 32,258 |
Cash and Cash Equivalents, Period Increase (Decrease) | 2,879 | 17,130 | 20,009 |
Cash and Cash Equivalents, at Carrying Value | 0 | 2,879 | 0 |
Cash and Cash Equivalents, at Carrying Value | $2,879 | $20,009 | $20,009 |
Note_1_Organization_and_Nature
Note 1 - Organization and Nature of Business | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 1 - Organization and Nature of Business | ' |
NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS | |
AnyTranslation Corp. (the “Company”) was incorporated under the laws of the State of Nevada on July 5, 2012. We are in the business of translation and interpretation. The Company will undertake translation and interpretation projects for various fields from business, economics, to science issues. All operating projects are customer tailored with freelancers that operate in their mother tongue. | |
Note_2_Summary_of_Signifcant_A
Note 2 - Summary of Signifcant Accounting Policies | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 2 - Summary of Signifcant Accounting Policies | ' |
NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | |
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 a January 31 fiscal year end. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with an original maturity of three months or less at the time of issuance to be cash equivalents. | |
Fair Value of Financial Instruments | |
The Company’s financial instruments consist of cash and cash equivalents, accrued expenses and amounts due to a shareholder. 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. | |
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. | |
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 January 31, 2014. | |
Recent Accounting Pronouncements | |
The Company 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. |
Note_3_Advances_From_Director
Note 3 - Advances From Director | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 3 - Advances From Director | ' |
NOTE 3 – ADVANCES FROM DIRECTOR | |
On July 5, 2012, the Company’s sole director loaned $678 to incorporate the Company. On July 5, 2013 the director advanced an additional $2,500 to the Company for operating expenses. On September 18, 2013, the director advanced an additional $2,500 to the Company for operating expenses. The balance due to the director was $5,678 and $678 as of January 31, 2014 and 2013, respectively. The advances are unsecured and payable on demand and non-interest bearing. |
Note_4_Capital_Stock
Note 4 - Capital Stock | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 4 - Capital Stock | ' |
NOTE 4 – CAPITAL STOCK | |
The Company has 75,000,000, $0.001 par value shares of common stock authorized. | |
On July 16, 2012, the Company issued 5,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share. | |
The Company sold 1,079,000 shares of common stock during the year ended January 31, 2014 at $0.02 per share for total cash proceeds of $21,580. | |
There were 6,079,000 and 5,000,000 shares of common stock issued and outstanding as of January 31, 2014 and 2013, respectively. |
Note_5_Commitments
Note 5 - Commitments | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 5 - Commitments | ' |
NOTE 5 – COMMITMENTS | |
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. |
Note_6_Income_Taxes
Note 6 - Income Taxes | 12 Months Ended | ||
Jan. 31, 2014 | |||
Notes | ' | ||
Note 6 - Income Taxes | ' | ||
NOTE 6 – INCOME TAXES | |||
As of January 31, 2014, the Company had net operating loss carry forwards of approximately $12,000 that may be available to reduce future years’ taxable income in varying amounts through 2034. 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 periods ended January 31: | |||
2014 | 2013 | ||
Federal income tax benefit attributable to: | |||
Current Operations | $ 3,213 | $ 950 | |
Less: valuation allowance | -3,213 | -950 | |
Net provision for Federal income taxes | $ - | $ - | |
The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of January 31: | |||
2014 | 2013 | ||
Deferred tax asset attributable to: | |||
Net operating loss carryover | $ 4,163 | $ 950 | |
Less: valuation allowance | -4,163 | -950 | |
Net deferred tax asset | $ - | $ - | |
The Company’s net operating loss carry forwards of approximately $12,000, for Federal income tax reporting purposes, are subject to annual limitations, which will start to expire in 2034. Should a change in ownership occur, net operating loss carry forwards may be limited to use in future years. | |||
Note_7_Going_Concern
Note 7 - Going Concern | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 7 - Going Concern | ' |
NOTE 7 – GOING CONCERN | |
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since Inception (July 5, 2012) resulting in an accumulated deficit of $12,249 as of January 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and, or, private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty. | |
Note_8_Concentrations_of_Credi
Note 8 - Concentrations of Credit Risk | 12 Months Ended |
Jan. 31, 2014 | |
Notes | ' |
Note 8 - Concentrations of Credit Risk | ' |
NOTE 8 – CONCENTRATIONS OF CREDIT RISK | |
For the year ended January 31, 2014, one customer accounted for 100% of the Company’s revenue. Revenue was derived from providing one-time translation services to the customer. No outside contractor was used in performing these services. | |