Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2021 | Sep. 10, 2021 | Jan. 31, 2021 | |
Cover [Abstract] | |||
Entity Registrant Name | TRENDMAKER INC. LTD. | ||
Entity Central Index Key | 0001613685 | ||
Document Type | 10-K | ||
Document Period End Date | Jul. 31, 2021 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --07-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | Yes | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business Flag | true | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 13,537,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 |
Balance Sheets
Balance Sheets - USD ($) | Jul. 31, 2021 | Jul. 31, 2020 |
CURRENT ASSETS | ||
Due from related party | $ 248,656 | $ 284,116 |
Total Current Assets | 248,656 | 284,116 |
TOTAL ASSETS | 248,656 | 284,116 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 225,742 | 222,912 |
Total Current Liabilities | 225,742 | 222,912 |
TOTAL LIABILITIES | 225,742 | 222,912 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 13,537,000 and 13,537,000 issued and outstanding as of July 31, 2021 and July 31, 2020 | 1,354 | 1,354 |
Additional paid in capital | 825,166 | 825,166 |
Accumulated deficit | (803,606) | (765,316) |
TOTAL STOCKHOLDERS' EQUITY | 22,914 | 61,204 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 248,656 | $ 284,116 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2021 | Jul. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 13,537,000 | 13,537,000 |
Common stock, shares outstanding | 13,537,000 | 13,537,000 |
Statement of Operation and Comp
Statement of Operation and Comprehensive Income - USD ($) | 12 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Income Statement [Abstract] | ||
Revenue | ||
Cost of Sales | ||
Gross Income | ||
Other Service Fees | ||
Professional Fees | ||
General and administrative | (38,290) | (36,342) |
LOSS BEFORE INCOME TAX | (38,290) | (36,342) |
Provision for Income Taxes | ||
NET LOSS | $ (38,290) | $ (36,342) |
Net loss per share, basic and diluted: | $ (0.003) | $ (0.003) |
Weighted average number of shares outstanding during the year - Basic and diluted | 13,537,000 | 13,537,000 |
Statement of Changes in Stockho
Statement of Changes in Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning balance at Jul. 31, 2019 | $ 1,354 | $ 825,166 | $ (728,974) | $ 97,546 |
Beginning balance, shares at Jul. 31, 2019 | 13,537,000 | |||
Net loss for the period | (36,342) | (36,342) | ||
Ending balance at Jul. 31, 2020 | $ 1,354 | 825,166 | (765,316) | 61,204 |
Ending balance, shares at Jul. 31, 2020 | 13,537,000 | |||
Net loss for the period | (38,290) | (38,290) | ||
Ending balance at Jul. 31, 2021 | $ 1,354 | $ 825,166 | $ (803,606) | $ 22,914 |
Ending balance, shares at Jul. 31, 2021 | 13,537,000 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (38,290) | $ (36,342) |
Changes in operating assets and liabilities: | ||
Due from related party | 35,460 | 53,572 |
Accounts payable and accrued liabilities | 2,830 | (17,230) |
Net cash generated from operating activities | 38,290 | 36,342 |
Net increase/ (decrease) in cash and cash equivalents | ||
Cash and cash equivalents, beginning of year | ||
CASH AND CASH EQUIVALENTS, END OF YEAR |
Summary of Significant Accounti
Summary of Significant Accounting Policies and Organization | 12 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies and Organization | 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION Basis of preparation The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. Basis of presentation The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year. Nuts and Bolts International, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on August 21, 2013 to create and publish electronic non-fiction multimedia books for the hobby and do-it-yourself consumer markets (“eBooks”) through the internet. It’s eBook publishing operations were conducted through its wholly-owned subsidiary, Nuts and Bolts Publishing, LLC, which was organized under the laws of the State of North Carolina on August 22, 2013. Effective as of February 29, 2016, the Company had a change of control as a result of the sale of its previous controlling shareholder of 5,000,000 shares of its common stock, representing approximately 77.67% of the Company’s issued and outstanding common stock. Following the change of control, the Company has discontinued the eBook publishing operations previously carried on through the previous company’s subsidiary. Also, following the change of control, the Company is now engaged in the business of providing management and consulting services to Trendmaker Private Limited. Effective as of April 14, 2016, the Company amended its Articles of Incorporation to change its name to Trendmaker, Inc. Limited. Use of estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of in kind contribution of services, valuation of deferred tax assets. Actual results could differ from those estimates. Revenue recognition The Company will recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At July 31, 2021 and July 31, 2020, the Company had no cash and cash equivalents. Loss Per Share Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” As of July 31, 2021, and July 31, 2020, there were no common share equivalents outstanding. Income taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, and accounts payable and approximate their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of such any pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
Income Taxes
Income Taxes | 12 Months Ended |
Jul. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 2. INCOME TAXES For the year ended July 31, 2021 and year ended July 31, 2020, the local (United States) loss before income taxes were comprised of the following: For the year ended July 31, 2021 For the year ended July 31, 2020 Tax jurisdictions from: - Local $ (38,290 ) $ (36,342 ) Loss before income tax $ (38,290 ) $ (36,342 ) The provision for income taxes consisted of the following: For the year ended For the year ended Current: - Local $ - $ - Deferred: - Local - - Income tax expense $ - $ - United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of July 31, 2021, the operations in the United States of America incurred $803,606 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry forwards begin to expire in 2037, if unutilized. The tax valuation allowance for July 31, 2021 and July 31, 2020 are $168,757 and $160,716 respectively. |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Jul. 31, 2021 | |
Equity [Abstract] | |
Shareholders' Equity | 3. STOCKHOLDERS’ EQUITY Common Stock The Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.0001 per share. As at July 31, 2021, the Company has 13,537,000 shares of common stock outstanding. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jul. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 4. COMMITMENTS AND CONTINGENCIES As of July 31, 2021, the Company has no commitment or contingency involved. |
Accounts Payable and Accrued Ex
Accounts Payable and Accrued Expenses | 12 Months Ended |
Jul. 31, 2021 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Expenses | 5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the followings at July 31, 2021 and July 31, 2020. As of July 31, 2021 As of July 31, 2020 Accounts payable $ 214,842 $ 214,842 Accrued expenses 10,900 8,070 Total accounts payable and accrued expenses $ 225,742 $ 222,912 |
Related Party Balances
Related Party Balances | 12 Months Ended |
Jul. 31, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Balances | 6. RELATED PARTY BALANCES July 31, 2021 July 31, 2020 (Unaudited) (Audited) $ $ Due from related party: Related Party A 248,656 284,116 As of July 31, 2021, the balance US$248,656 is having common director with the Company. The amount due is unsecured, interest-free with no fixed repayment term. |
Going Concern
Going Concern | 12 Months Ended |
Jul. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | 7. GOING CONCERN As of July 31, 2021, the Company has an accumulated deficit of $803,606 and a stockholders’ equity of $22,914 and had a net loss of $38,290. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management is taking various steps to provide the Company with the opportunity to continue as a going concern. |
Subsequent Event
Subsequent Event | 12 Months Ended |
Jul. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Event | 8. SUBSEQUENT EVENT The Company has evaluated subsequent events from the balance sheet date through July 31, 2021 the date the Company issued unaudited consolidated financial statements in accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. During this fiscal year, there was no subsequent event that required recognition or disclosure. |
Significant Event
Significant Event | 12 Months Ended |
Jul. 31, 2021 | |
Significant Events [Abstract] | |
Significant Event | 9. SIGNIFICANT EVENT During the fiscal year, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic, which has caused severe global social and economic disruptions and uncertainties, including markets where the Company operates. The Company considers this outbreak as non-adjusting-events. The consequences brought about by Covid-19 continue to evolve and whilst the Company actively monitoring and managing its operations to respond to these changes, the Company does not consider it practicable to provide any quantitative estimate on the potential impact it may have on the Company. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies and Organization (Policies) | 12 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Preparation | Basis of preparation The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. |
Basis of Presentation | Basis of presentation The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year. Nuts and Bolts International, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on August 21, 2013 to create and publish electronic non-fiction multimedia books for the hobby and do-it-yourself consumer markets (“eBooks”) through the internet. It’s eBook publishing operations were conducted through its wholly-owned subsidiary, Nuts and Bolts Publishing, LLC, which was organized under the laws of the State of North Carolina on August 22, 2013. Effective as of February 29, 2016, the Company had a change of control as a result of the sale of its previous controlling shareholder of 5,000,000 shares of its common stock, representing approximately 77.67% of the Company’s issued and outstanding common stock. Following the change of control, the Company has discontinued the eBook publishing operations previously carried on through the previous company’s subsidiary. Also, following the change of control, the Company is now engaged in the business of providing management and consulting services to Trendmaker Private Limited. Effective as of April 14, 2016, the Company amended its Articles of Incorporation to change its name to Trendmaker, Inc. Limited. |
Use of Estimates | Use of estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of in kind contribution of services, valuation of deferred tax assets. Actual results could differ from those estimates. |
Revenue Recognition | Revenue recognition The Company will recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. |
Cash and Cash Equivalents | Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At July 31, 2021 and July 31, 2020, the Company had no cash and cash equivalents. |
Loss Per Share | Loss Per Share Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” As of July 31, 2021, and July 31, 2020, there were no common share equivalents outstanding. |
Income Taxes | Income taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. |
Fair Value of Financial Instruments | Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, and accounts payable and approximate their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 |
Recent Accounting Pronouncements | Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of such any pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jul. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Loss Before Income Taxes | For the year ended July 31, 2021 and year ended July 31, 2020, the local (United States) loss before income taxes were comprised of the following: For the year ended July 31, 2021 For the year ended July 31, 2020 Tax jurisdictions from: - Local $ (38,290 ) $ (36,342 ) Loss before income tax $ (38,290 ) $ (36,342 ) |
Schedule of Provision of Income Taxes | The provision for income taxes consisted of the following: For the year ended For the year ended Current: - Local $ - $ - Deferred: - Local - - Income tax expense $ - $ - |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Expenses (Tables) | 12 Months Ended |
Jul. 31, 2021 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued expenses consisted of the followings at July 31, 2021 and July 31, 2020. As of July 31, 2021 As of July 31, 2020 Accounts payable $ 214,842 $ 214,842 Accrued expenses 10,900 8,070 Total accounts payable and accrued expenses $ 225,742 $ 222,912 |
Related Party Balances (Tables)
Related Party Balances (Tables) | 12 Months Ended |
Jul. 31, 2021 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | July 31, 2021 July 31, 2020 (Unaudited) (Audited) $ $ Due from related party: Related Party A 248,656 284,116 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies and Organization (Details Narrative) - USD ($) | Feb. 29, 2016 | Jul. 31, 2021 | Jul. 31, 2020 |
Accounting Policies [Abstract] | |||
State country code | NV | ||
Date of incorporation | Aug. 21, 2013 | ||
Common stock shares, purchase | 5,000,000 | ||
Percentage of common stock issued and outstanding | 77.67% | ||
Cash and cash equivalents |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
Net operating losses carryforward | $ 803,606 | |
Operating loss carry forward expiring year | begin to expire in 2037 | |
Valuation allowance | $ 160,716 | $ 168,757 |
Income Taxes - Schedule of Loss
Income Taxes - Schedule of Loss Before Income Taxes (Details) - USD ($) | 12 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Tax jurisdictions from: Local | $ (38,290) | $ (36,342) |
Loss before income tax | $ (38,290) | $ (36,342) |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision of Income Taxes (Details) - USD ($) | 12 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Income Taxes - Schedule Of Provision Of Income Taxes | ||
Current local | ||
Deferred local | ||
Income tax expense |
Shareholders' Equity (Details N
Shareholders' Equity (Details Narrative) - $ / shares | Jul. 31, 2021 | Jul. 31, 2020 |
Equity [Abstract] | ||
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares outstanding | 13,537,000 | 13,537,000 |
Accounts Payable and Accrued _3
Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) | Jul. 31, 2021 | Jul. 31, 2020 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 214,842 | $ 214,842 |
Accrued expenses | 10,900 | 8,070 |
Total accounts payable and accrued expenses | $ 225,742 | $ 222,912 |
Related Party Balances (Details
Related Party Balances (Details Narrative) - USD ($) | Jul. 31, 2021 | Jul. 31, 2020 |
Related Party Transactions [Abstract] | ||
Due from related party | $ 248,656 | $ 284,116 |
Related Party Balances - Schedu
Related Party Balances - Schedule of Related Party Transactions (Details) - USD ($) | Jul. 31, 2021 | Jul. 31, 2020 |
Due from related party | $ 248,656 | $ 284,116 |
Related Party A [Member] | ||
Due from related party | $ 248,856 | $ 284,116 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 12 Months Ended | ||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Accumulated deficit | $ (803,606) | $ (765,316) | |
Stockholders' equity | 22,914 | 61,204 | $ 97,546 |
Net loss | $ (38,290) | $ (36,342) |