Antiaging Quantum Living (AAQL) 10-K 15 Jul 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Mar. 31, 2019USD ($)shares
Document And Entity Information
Entity Registrant Name	Achison Inc
Entity Central Index Key	0001672571
Document Type	10-K
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Shell Business	false
Entity Interactive Data	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	9,990,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Emerging Growth Company	false
Entity Small Business	true

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current Assets:
Cash & cash equivalents	$ 6,092	$ 1,511
Short Term Investments	13,724	8,280
Deferred Tax	10,337
Total current assets	30,153	9,791
Other assets:
Notes Receivable	35,100	16,000
Total other assets	35,100	16,000
TOTAL ASSETS	65,253	25,791
Current Liabilities:
Accounts Payable
Taxes Payable	12,166
Loans		2,000
Total current liabilities	12,166	2,000
Stockholder's equity:
Common Stock: 0.001 Par Value; 9,990,000 Shares Authorized; 9,990,000 share issued and outstanding	9,990	9,990
Additional paid-in capital	39,035	13,935
Retained Earnings (Deficit)	4,062	(134)
Total Stockholder's equity	53,087	23,791
Total liabilities and stockholder's equity	$ 65,253	$ 25,791

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Mar. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	9,990,000	9,990,000
Common stock, Issued	9,990,000	9,990,000
Common stock, outstanding	9,990,000	9,990,000

Statements of Revenues and Expe

Statements of Revenues and Expenses - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Realized Gain (loss) from Investment	$ 5,984	$ 75,705	$ 2,983
Trading Comissions			8
Interest	921	2,877	375
Unrealized Gain (loss) from Investments	(11,601)	(33,865)	(108)
Less: (Fee and commission expense)	(238)	(901)	(1,200)
Net Profit (loss)	(4,934)	43,816	2,058
Expenses:
Bank Service Charges	51	274	390
Misc. Taxes, Lisicenses and Permits	75	252	112
Custody Expenses	36	178
Legal & Professional	5,412	37,087
Total Expenses	5,574	37,791	502
Excess of Expenses over Revenues before Taxes	(10,508)	6,025	1,556
Provision for Taxes-Federal Taxes	(2,568)	904
Provision for Taxes-NY State Taxes	(683)	392
Provision for Taxes-NYC Taxes	(930)	533
Net Income (Loss)	$ (6,327)	$ 4,196	$ 1,556

Statement of Changes in Stockho

Statement of Changes in Stockholders Equity - 12 months ended Mar. 31, 2019	USD ($)
Beginning Balance, Amount at Mar. 31, 2018	$ 23,791
Net (Loss)	4,196
Additional paid-in capital	25,100
Ending Balance, Amount at Mar. 31, 2019	$ 53,087

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows From Operating Activities:
Net Income (loss)	$ 4,196	$ 1,556
Adjustments to reconcile excess of revenue over expenses to net cash provided by operating activities:
Depreciation
(Increase) decrease in assets:
Accounts receivables
Short-Term Investments	(5,444)	(5,966)
Deferred Taxes	(10,337)
Increase (decrease) in liabilities:
Accounts payables	12,166
Net cash provided by (used in) operating activities	581	(4,410)
Cash Flows From Investing Activities:
Long Term Investments
Net cash (used in) investing activities
Cash Flows From Financing Activities:
Notes Receivable	(19,100)	(16,000)
Loans	(2,000)
Capital stock		9,990
Additional paid-in capital	25,100	10,296
Additional paid-in capital-Non-controlling Interest
Net cash provided by (used in) financing activities	4,000	4,286
Net increase (decrease) in cash and cash equivalents	4,581	(124)
Cash and cash equivalents - beginning	1,511	1,635
Cash and cash equivalents - ending	6,092	1,511
Supplemental cash flow information:
Cash paid during the periods for: Interest expenses
Cash paid during the period for: Tax expenses

NOTE 1. ORGANIZATION AND BUSINE

NOTE 1. ORGANIZATION AND BUSINESS ACTIVITIES	12 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
NOTE 1. ORGANIZATION AND BUSINESS ACTIVITIES	NOTE 1. ORGANIZATION AND BUSINESS ACTIVITIES Achison Inc., the Company, incorporated in the State of New York on December 29, 2014, is currently engaged in trading in spot silver in Singapore market, investing in equity securities in the U.S. market and Whisky in the United Kingdom market. Prior to September of 2017 the Company primarily engaged in trading spot gold and silver in Singapore Markets but has now recently opened a securities brokerage account with Wilson Davis Company located in Salt Lake City, Utah through which they purchase and sell U.S. equity securities. The Company no longer intends to engage in the trading of spot gold. Furthermore, the Company has engaged in the trading of crypto/digital currency, however has discontinued all trading in crypto currency as of the balance sheet date. The Company’s activities are subject to significant risks and uncertainties.

NOTE 2. SUMMARY OF SIGNIFICANT

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation The accompanying consolidated financial statements and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The company was incorporated on December 29, 2014, and the Company started its operations to trade the spot gold and spot silver on March 29, 2016 through August 2017. Now the Company only trades in the spot silver in Singapore and U.S. equity securities. Additionally, the Company started to trade in Whisky in the UK markets starting December 31, 2018. These accompanying consolidated financial statements of the Company is for the fiscal year from April 01, 2018 to March 31, 2019, the subsidiary, Linton, Inc. was acquired on July 20, 2018 and Achison Inc. owns 86.27% of the company and on March 07, 2019, all shares of Linton Inc. was sold to Lansdale Inc. b. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. c. Income Taxes The Company is responsible for paying federal, state and local income tax and, accordingly, provisions are made for income taxes. d. Basis of measurement The financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: (a). All short-term investments including spot gold, spot silver and equity securities are considered Trading Securities (b). Short-term investments at fair value through gains or losses are measured at fair value e. Cash and Cash Equivalents The financial statements are presented in US dollar, which is the Company's functional currency. Cash and cash equivalents include cash on hand; cash in banks and brokerage accounts and all highly liquid investments with maturity of three months or less at the time purchase. Cash in Bank and brokerage accounts $ 6,092. f. Revenue Recognition The company recognizes capital gains and losses from the spot gold trading and the spot silver trading at the time it sells gold and silver from the trading in brokerage firms. With trading in crypto/digital currency, it recognizes capital gains when they are converted to USD. Additionally, it recognizes unrealized gains and losses through adjustments to the fair market value at the end of each period. The change in fair market value is reported on the income statement under "Revenues" - "Unrealized Gain (loss) from investments".

NOTE 3. EARNINGS PER SHARE

NOTE 3. EARNINGS PER SHARE	12 Months Ended
	Mar. 31, 2019
Earnings Per Share, Basic [Abstract]
NOTE 3. EARNINGS PER SHARE	NOTE 3. EARNINGS PER SHARE Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of December 31, 2018.

NOTE 4. SHORT TERM INVESTMENTS

NOTE 4. SHORT TERM INVESTMENTS	12 Months Ended
	Mar. 31, 2019
Investments, All Other Investments [Abstract]
NOTE 4. SHORT TERM INVESTMENTS	NOTE 4. SHORT TERM INVESTMENTS The Company considers all investments including the spot silver and marketable securities that can and will be sold within one year to be short term investments. Achison Inc. operated a trading account in Wilson-Davis Company to trade U.S. equity securities and a trading account in Bullion Vault to trade spot silver and a Whisky trading account in the UK. Since those investments in the account can be sold online and can be traded anytime in near future as the Company's primary activity source, the Company treats the Wilson-Davis Company and Bullion Vault and Whisky trading account as short term investments assets. As of March 31, 2019, the Short Term Investment holdings were as follows: Bullion Property (kg) (Kg) Valuation in $(USD) Singapore Silver 2.644 $1,281 Totals: $1,281 Other Investment Units Valuation in $(USD) Equities - $9,037 Whisky Property (LPA) - $ 406 Start Engine Crowfunding Inc - $3,000 Totals: - $13,724

NOTE 5. STOCKHOLDERS EQUITY

NOTE 5. STOCKHOLDERS EQUITY	12 Months Ended
	Mar. 31, 2019
Equity [Abstract]
NOTE 5. STOCKHOLDERS EQUITY	NOTE 5. STOCKHOLDER'S EQUITY The Company has authorized 99,900,000,000 shares of common stocks with a par value of 0.0000001 per share. There Company issued 99,900,000,0000 Class A common shares on August 25, 2017. On November 9, 2017, the Company had made a 1-for-10,000 reverse stock split. Therefore, there are currently 9,990,000 shares of common stocks outstanding as of March 31, 2018. In the period from April 1, 2017 to March 31, 2018, the Company didn't issue any stock types, options and warrants; the Company didn't have any share-based compensation, related to employee share-based awards, Tax benefit from share-based award activities.

NOTE 6. RELATED PARTY TRANSACTI

NOTE 6. RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
NOTE 6. RELATED PARTY TRANSACTIONS	NOTE 6. RELATED PARTY TRANSACTIONS The Company has been provided office space by its majority stockholder at no cost. Management determined that such cost is nominal and did not recognize the rent expense in its financial statements. On November 21, 2016, Lansdale Inc. loaned $2,000 to Achison Inc. for working capital purposes. The Company's president, Mr. Wanjun Xie owns 40% of common stocks issued and outstanding of Lansdale Inc. and is also the president and CEO of that entity. It is a short term loan that bears no interest and will be paid back within 12 months. Since this is a short term loan, imputed interest need not be calculated as it is rendered immaterial. On April 25, 2018 Lansdale Inc. gifted 15,000 shares of SMKC to Achison Inc. On April 27, 2018 Lansdale Inc. gifted 20,000 shares of SMKC to Achison Inc. On August 29, 2018 Lansdale Inc. gifted 15,000 shares of SMKC to Achison Inc On September 04, 2018, the company loaned an additional $5,000 to Lansdale Inc. bearing 10% interest. March 07, 2019, The company sold all 86,186,000 shares of Linton Inc to Lansdaale Inc. On March 08, 2019 the Company loaned $8,600 to Lansdale Inc. bearing 10% interest.

NOTE 2. SUMMARY OF SIGNIFICAN_2

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	a. Basis of Presentation The accompanying consolidated financial statements and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The company was incorporated on December 29, 2014, and the Company started its operations to trade the spot gold and spot silver on March 29, 2016 through August 2017. Now the Company only trades in the spot silver in Singapore and U.S. equity securities. Additionally, the Company started to trade in Whisky in the UK markets starting December 31, 2018. These accompanying consolidated financial statements of the Company is for the fiscal year from April 01, 2018 to March 31, 2019, the subsidiary, Linton, Inc. was acquired on July 20, 2018 and Achison Inc. owns 86.27% of the company and on March 07, 2019, all shares of Linton Inc. was sold to Lansdale Inc.
Use of Estimates	b. Use of Estimates he 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	c. Income Taxes The Company is responsible for paying federal, state and local income tax and, accordingly, provisions are made for income taxes.
Basis of Measurement	d. Basis of measurement The financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: (a). All short-term investments including spot gold, spot silver and equity securities are considered Trading Securities (b). Short-term investments at fair value through gains or losses are measured at fair value
Cash and Cash Equivalents	e. Cash and Cash Equivalents The financial statements are presented in US dollar, which is the Company's functional currency. Cash and cash equivalents include cash on hand; cash in banks and brokerage accounts and all highly liquid investments with maturity of three months or less at the time purchase. Cash in Bank and brokerage accounts $ 6,092.
Revenue Recognition	f. Revenue Recognition The company recognizes capital gains and losses from the spot gold trading and the spot silver trading at the time it sells gold and silver from the trading in brokerage firms. With trading in crypto/digital currency, it recognizes capital gains when they are converted to USD. Additionally, it recognizes unrealized gains and losses through adjustments to the fair market value at the end of each period. The change in fair market value is reported on the income statement under "Revenues" - "Unrealized Gain (loss) from investments".

NOTE 4. SHORT TERM INVESTMENTS

NOTE 4. SHORT TERM INVESTMENTS (Tables)	12 Months Ended
	Mar. 31, 2019
Investments, All Other Investments [Abstract]
Short term investments	Bullion Property (kg) (Kg) Valuation in $(USD) Singapore Silver 2.644 $1,281 Totals: $1,281 Other Investment Units Valuation in $(USD) Equities - $9,037 Whisky Property (LPA) - $ 406 Start Engine Crowfunding Inc - $3,000 Totals: - $13,724

NOTE 2. SUMMARY OF SIGNIFICAN_3

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
FDIC	$ 250,000
Cash in bank	$ 6,092	$ 1,511	$ 1,635
Linton Inc [Member]
Ownership of subsidiary	86.27%

NOTE 4. SHORT TERM INVESTMENT_2

NOTE 4. SHORT TERM INVESTMENTS (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Short term investments	$ 13,724	$ 8,280
Singapore Silver [Member]
Short term investments	$ 1,281
Bullion Property (kg)	2.644
Total Bullion Property [Member]
Short term investments	$ 1,281
Equities [Member]
Short term investments	9,037
Whisky Property (LPA) [Member]
Short term investments	406
Start Engine Crowfunding Inc [Member]
Short term investments	3,000
Total Equities[Member]
Short term investments	$ 13,724

NOTE 5. STOCKHOLDERS EQUITY (D

NOTE 5. STOCKHOLDERS EQUITY (Details Narrative) - $ / shares	7 Months Ended
	Nov. 09, 2017	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Common stock, par value		$ 0.001	$ 0.001
Common stock, Authorized		9,990,000	9,990,000
Reverse stock split	1-for-10,000

NOTE 6. RELATED PARTY TRANSAC_2

NOTE 6. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended			5 Months Ended		11 Months Ended		12 Months Ended
	Apr. 27, 2018	Apr. 25, 2018	Nov. 21, 2016	Sep. 04, 2018	Aug. 29, 2018	Mar. 08, 2019	Mar. 07, 2019	Mar. 31, 2019	Mar. 31, 2018
Related Party Transactions [Abstract]
Loan from related party			$ 2,000						$ 2,000
Loan to related party						$ 5,000
Ownership of company			40.00%
Additional paid-in-capital	$ 20,000	$ 15,000			$ 15,000			49,100
Sold common stock of Linton Inc. to Landsdale Inc.							86,186,000
Notes Receivable				$ 5,000				$ 35,100	$ 16,000
Interest rate				10.00%		10.00%