| Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation The financial statements present the balance
sheet, statements of operations, stockholders equity and cash flows of the Company. These financial statements are presented
in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Segmented Reporting FSAB ASC 280, Disclosure about Segments
of an Enterprise and Related Information, changed the way public companies report information about segments of their business
in their quarterly reports issued to shareholders. It also requires entity-wide disclosures about the products and services the
entity provides, the material countries in which it holds assets and reports revenues and its major customers. Comprehensive Loss Reporting Comprehensive
Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements.
As at July 31, 2015, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of
comprehensive loss in the financial statements. Use of Estimates and Assumptions Preparation of the financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect
certain 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 period. Accordingly, actual results could
differ from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows,
the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. Inventory We value our inventories at the lower of cost,
determined on a first-in, first-out method, or market value. Our inventory consists solely of finished goods. We review inventories
on hand at least quarterly and record provisions for estimated excess, slow moving and obsolete inventory, as well as inventory
with a carrying value in excess of net realizable value. The regular and systematic inventory valuation reviews include a current
assessment of future product demand, historical experience and obsolete finished product. Revenue Recognition Revenue consists of revenue earned for the
sale of Fruit With Fire hot sauce. Revenue is recognized at the time the product is shipped to the customer. During
the period the Company received a purchase order for 42 cases. This sale was not recognized as revenue during the period as the
product had not been shipped as of July 31, 2015. Financial Instruments All significant financial assets,
financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements
together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and
credit risk. Where practical the fair values of financial assets and financial liabilities have been determined and
disclosed; otherwise only available information pertinent to fair value has been disclosed. Loss per Common Share The basic earnings (loss) per share is calculated
by dividing the Companys net income available to common shareholders by the weighted average number of common shares during
the year. The diluted earnings (loss) per share is calculated by dividing the Companys net income (loss) 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. Diluted earnings
(loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. Income Taxes The Company follows the liability method of
accounting for income taxes. Under this method, 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 balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted
tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.
The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes
the date of enactment or substantive enactment. Stock-based Compensation The Company follows ASC 718-10,
"Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity
instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in
share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based
Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock
Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee
services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with
limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must
be recognized. The Company has not adopted a stock option plan and has not granted any stock options. As at July 31, 2015 the
Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has
been recorded to date. Recent Accounting Pronouncements In June 2014, the FASB issued ASU 2014-10,
Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment
to Variable Interest Entities Guidance in Topic 810, Consolidation. The guidance eliminates the definition of a development
stage entity thereby removing the incremental financial reporting requirements from U.S. GAAP for development stage entities, primarily
presentation of inception to date financial information. The provisions of the amendments are effective for annual reporting periods
beginning after December 15, 2014, and the interim periods therein. However, early adoption is permitted. Accordingly, the Company
has adopted this standard as of July 31, 2014. In August 2014, FASB issued Accounting Standards
Update (ASU) No. 201415 Preparation of Financial Statements Going Concern (Subtopic 20540), Disclosure of Uncertainties
about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of
a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's
liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern
basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation
basis of accounting in accordance with Subtopic 20530, Presentation of Financial Statements Liquidation Basis of Accounting.
Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's
ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going
concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information
about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December
15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the
going concern considerations in this ASU, however, at the current period, management does not believe that it has met the conditions
which would subject these financial statements for additional disclosure. Management has considered all recent accounting pronouncements
issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will
not have a material effect on the Company's financial statements. In January 2015, FASB issued Accounting Standards
Update (ASU) No. 201501 Income Statement Extraordinary and Unusual Items, Simplifying Income Statement Presentation by
Eliminating the Concept of Extraordinary Items. Eliminating the concept of extraordinary items will save time and reduce costs
for preparers because they will not have to assess whether a particular event or transaction event is extraordinary (even if they
ultimately would conclude it is not). This also alleviates uncertainty for preparers, auditors, and regulators because auditors
and regulators no longer will need to evaluate whether a preparer treated an unusual and/or infrequent item appropriately. This
update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015. Early application
is permitted. The Company has implemented all new accounting
pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new
accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
