Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Oct. 31, 2017 | Apr. 30, 2016 | |
Document and Entity Information: | ||
Entity Registrant Name | Arma Services Inc | |
Document Type | 10-K | |
Document Period End Date | Oct. 31, 2017 | |
Trading Symbol | none | |
Amendment Flag | false | |
Entity Central Index Key | 1,625,285 | |
Current Fiscal Year End Date | --10-31 | |
Entity Common Stock, Shares Outstanding | 6,240,000 | |
Entity Public Float | $ 0 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | FY |
Balance Sheets
Balance Sheets - USD ($) | Oct. 31, 2017 | Oct. 31, 2016 |
Assets, Current | ||
Cash and Cash Equivalents, at Carrying Value | $ 201 | $ 4,295 |
Assets, Current | 201 | 4,295 |
Assets, Noncurrent | ||
Website Development, Gross | 5,000 | |
Assets | 5,201 | 4,295 |
Liabilities, Current | ||
Accrued Liabilities, Current | 5,000 | 6,931 |
Liabilities, Noncurrent | ||
Shareholder's loan, Noncurrent | 5,992 | 5,992 |
Liabilities | 10,992 | 12,923 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ||
Common Stock, Value, Issued | 6,240 | 4,420 |
Additional Paid in Capital, Common Stock | 20,160 | 3,780 |
Retained Earnings (Accumulated Deficit) | (32,191) | (16,828) |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ (5,791) | $ (8,628) |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 6,240,000 | 4,420,000 |
Common Stock, Shares Outstanding | 6,240,000 | 4,420,000 |
Liabilities and Equity | $ 5,201 | $ 4,295 |
Balance Sheet - Parenthetical
Balance Sheet - Parenthetical - $ / shares | Oct. 31, 2017 | Oct. 31, 2016 |
Balance Sheets | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 6,240,000 | 4,420,000 |
Statement of Operations
Statement of Operations - USD ($) | 12 Months Ended | |
Oct. 31, 2017 | Oct. 31, 2016 | |
Revenues | ||
Income from Consulting, Services, Net | $ 9,900 | $ 5,600 |
Revenues | 0 | 0 |
Amortization of Deferred Charges | ||
Professional Fees | 25,170 | 12,255 |
Business Licenses and Permits, Operating | 0 | 0 |
Bank fees | 93 | 184 |
Total Operating Expenses | 25,263 | 12,439 |
Net loss from operations | (15,363) | (6,839) |
Interest and Debt Expense | ||
Provision for Income Taxes (Benefit) | 0 | 0 |
Net Income (Loss) | $ (15,363) | $ (6,839) |
Earnings Per Share | ||
Weighted Average Number of Shares Outstanding, Basic | 6,131,397 | 4,001,148 |
Earnings Per Share, Basic and Diluted | $ 0 | $ 0 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Oct. 31, 2017 | Oct. 31, 2016 | |
Net Cash Provided by (Used in) Operating Activities | ||
Net loss for the period | $ (15,363) | $ 6,839 |
Increase (Decrease) in Operating Liabilities | ||
Increase (Decrease) in Accounts Payable | 5,000 | |
Increase (Decrease) in Accrued Liabilities | (6,931) | 6,931 |
Net Cash Provided by (Used in) Operating Activities | (17,294) | 92 |
Net Cash Provided by (Used in) Investing Activities | ||
Payments for Software | (5,000) | |
Prepaid expenses | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | (5,000) | 0 |
Net Cash Provided by (Used in) Financing Activities | ||
Proceeds from Issuance of Common Stock | 18,200 | 4,200 |
Repayment of Notes Receivable from Related Parties | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | 18,200 | 4,200 |
Cash and Cash Equivalents, Period Increase (Decrease) | (4,094) | 4,292 |
Cash and Cash Equivalents, at Carrying Value | 4,295 | 3 |
Cash and Cash Equivalents, at Carrying Value | $ 201 | $ 4,295 |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Business | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 1 - Organization and Nature of Business | NOTE 1 ORGANIZATION AND NATURE OF BUSINESS Arma Services Inc. (the Company, we, us or our) was incorporated under the laws of the State of Nevada on September 2, 2014. Arma Services Inc. is a Destination Management Company (DMC), which aims to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (MICE) tourism in Russia for corporate customers from United States, China and internal Russian clients. We plan to create a variety of events for domestic and foreign companies, including; industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums. |
Note 2 - Summary of Signifcant
Note 2 - Summary of Signifcant Accounting Policies | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 2 - Summary of Signifcant Accounting Policies | NOTE 2 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES 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 October 31 fiscal year end. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $201 of cash and $5,000 in accounts payable as of October 31, 2017 and $4,295 of cash and $6,931 in accounts payable as of October 31, 2016. Fair Value of Financial Instruments The Companys financial instruments consist of cash and cash equivalents, accounts payable and amounts due to director. 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. F-8 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 purpose of our business is to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (MICE) tourism in Russia for corporate customers from the United States, China and internal Russian clients. Services are provided through industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums. The Company will recognize revenue in accordance with ASC topic 606 Revenue Recognition. The Company recognizes revenue when our services have been provided and accepted by the customer 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. Intangibles The Company has capitalized the development costs related to its website. The site was completed near year-end so no amortization was expensed during the year ended October 31, 2017. In accordance with Accounting Standards Codification (ASC) Topic 350 Intangibles-Goodwill and Other, the costs will be amortized to expense over the expected useful life of the website which we estimate will be five years. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted income (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. There are no such common stock equivalents outstanding as of October 31, 2017 and 2016. In loss years common stock equivalents would not be included as they would be anti-dilutive. F-9 Comprehensive Income The Company has established standards for reporting of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. |
Note 3 - Loans From Director
Note 3 - Loans From Director | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 3 - Loans From Director | NOTE 3 LOANS FROM DIRECTOR In support of the Companys efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. As of October 31, 2017 and 2016, the Company had a loan outstanding with the Companys sole director Mr. Sergey Gandin in the amount of $5,992. The loan is non-interest bearing, due upon demand and unsecured. |
Note 4 - Revenue
Note 4 - Revenue | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 4 - Revenue | NOTE 4 REVENUE During the year ended October 31, 2017, the Company generated total revenues of $9,900 from one customer. During the year ended October 31, 2016, the Company generated total revenues of $5,600 from two customers. The company did not incur any direct costs or expenses related to these revenues. The Company does have two service contracts in effect with vendors to provide banquet space, food and accommodations. An agreement with Proekta LLC provides for double rooms for accommodations at $25 per night. The Proekta agreement expires during December 2018. An agreement with Gazetny LLC provides for banquet rooms and food at a rate of $150 per person. The Gazetny agreement expired during March 2018 but is subject to negotiated extensions. Both Proekta LLC and Gazetny LLC are entities related to officers of the Company |
Note 5 - Going Concern
Note 5 - Going Concern | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 5 - Going Concern | NOTE 5 GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had limited revenues as of October 31, 2017. The Company currently has a working capital deficit, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. This rises substantial doubt about its ability to continue as a going concern. F-10 Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
Note 6 - Common Stock
Note 6 - Common Stock | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 6 - Common Stock | NOTE 6 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. During the year ended October 31, 2017, the Company sold 1,820,000 shares of common stock for $18,200. As of October 31, 2017, the Company had 6,240,000 shares issued and outstanding. As of October 31, 2016, the Company had 4,420,000 shares issued and outstanding. |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 7 - Related Party Transactions | NOTE 7 RELATED PARTY TRANSACTIONS As of October 31, 2017 and 2016 the Company had a non-interest bearing loan payable to its sole director in the amount of $5,992. The Companys officers and director provide services and office space to the Company without compensation. The Company has entered into vendor agreements with Proekta LLC and Gazetny LLC, which are entities related to officers of the Company. |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingencies | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 8 - Commitments and Contingencies | NOTE 8 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. |
Note 9 - Income Taxes
Note 9 - Income Taxes | 12 Months Ended |
Oct. 31, 2017 | |
Notes | |
Note 9 - Income Taxes | NOTE 9 INCOME TAXES As of October 31, 2017, the Company had net operating loss carry forwards of approximately $32,191 that may be available to reduce future years taxable income in varying amounts through 2037. 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. |