| Cover - shares | 6 Months Ended | |
| Jan. 31, 2020 | Mar. 11, 2020 | |
| Cover [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Jan. 31, 2020 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2020 | |
| Current Fiscal Year End Date | --07-31 | |
| Entity File Number | 333-213698 | |
| Entity Registrant Name | Clancy Corp | |
| Entity Central Index Key | 0001681769 | |
| Entity Incorporation, State or Country Code | NV | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | false | |
| Entity Common Stock, Shares Outstanding | 93,157,500 | |
| Entity Shell Company | true |
| BALANCE SHEETS (Unaudited) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 12,378 | |
| TOTAL CURRENT ASSETS | 12,378 | |
| Operating lease right of use - building | 15,189 | |
| Total Fixed Assets | 15,189 | |
| TOTAL ASSETS | 27,567 | 0 |
| CURRENT LIABILITIES: | ||
| Advances - Related Party | 40,609 | 1,152 |
| Operating lease liability - current | 8,280 | |
| TOTAL CURRENT LIABILITIES | 48,889 | 1,152 |
| Operating lease liability - non-current | 9,671 | |
| TOTAL LIABILITIES | 58,560 | 1,152 |
| Commitments and Contingencies | ||
| STOCKHOLDERS' EQUITY (DEFICIT) | ||
| Common Stock, 0.001 par value, authorized 345,000,000 shares 93,157,500 shares issued and outstanding as of January 31, 2020 and July 31, 2019 | 93,158 | 93,158 |
| Additional Paid In Capital | (26,802) | (26,802) |
| Accumulated deficit | (97,349) | (67,508) |
| TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | (30,993) | (1,152) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 27,567 | $ 0 |
| BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Jan. 31, 2020 | Jul. 31, 2019 |
| Statement of Financial Position [Abstract] | ||
| Common Stock, Par Value | $ 0.001 | $ 0.001 |
| Common Stock, shares authorized | 345,000,000 | 345,000,000 |
| Common Stock, Shares issued | 93,157,500 | 93,157,500 |
| Common Stock, Shares outstanding | 93,157,500 | 93,157,500 |
| STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
| Income Statement [Abstract] | ||||
| REVENUE | ||||
| Cost of goods sold | ||||
| Gross profit | ||||
| EXPENSES | ||||
| Amortization of right of use asset | 1,381 | 2,762 | ||
| General and Administrative Expenses | 14,342 | 27,079 | ||
| TOTAL OPERATING EXPENSES | 15,723 | 29,841 | ||
| NET LOSS FROM CONTINUING OPERATIONS | (15,723) | (29,841) | ||
| Income (Loss) from discontinued operations | 5,053 | (6,730) | ||
| Net Income (Loss) before tax | (15,723) | 5,053 | (29,841) | (6,730) |
| Provision for Income Taxes | ||||
| NET INCOME (LOSS) | $ (15,723) | $ 5,053 | $ (29,841) | $ (6,730) |
| NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS - BASIC & DILUTED | ||||
| NET LOSS PER COMMON SHARE FROM DISCONTINUED OPERATIONS - BASIC & DILUTED | ||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED | 93,157,500 | 93,157,500 | 93,157,500 | 93,157,500 |
| STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
| Beginning Balance at Jul. 31, 2018 | $ 93,158 | $ (46,961) | $ (49,472) | $ (3,275) |
| Beginning Balance (in shares) at Jul. 31, 2018 | 93,157,500 | |||
| Net Loss | (11,779) | (11,779) | ||
| Ending Balance at Oct. 31, 2018 | $ 93,158 | (46,961) | (61,251) | (15,054) |
| Ending Balance (in shares) at Oct. 31, 2018 | 93,157,500 | |||
| Beginning Balance at Jul. 31, 2018 | $ 93,158 | (46,961) | (49,472) | (3,275) |
| Beginning Balance (in shares) at Jul. 31, 2018 | 93,157,500 | |||
| Net Loss | (6,730) | |||
| Ending Balance at Jan. 31, 2019 | $ 93,158 | (46,961) | (56,198) | (10,001) |
| Ending Balance (in shares) at Jan. 31, 2019 | 93,157,500 | |||
| Beginning Balance at Oct. 31, 2018 | $ 93,158 | (46,961) | (61,251) | (15,054) |
| Beginning Balance (in shares) at Oct. 31, 2018 | 93,157,500 | |||
| Net Loss | 5,053 | 5,053 | ||
| Ending Balance at Jan. 31, 2019 | $ 93,158 | (46,961) | (56,198) | (10,001) |
| Ending Balance (in shares) at Jan. 31, 2019 | 93,157,500 | |||
| Beginning Balance at Jul. 31, 2019 | $ 93,158 | (26,802) | (67,508) | (1,152) |
| Beginning Balance (in shares) at Jul. 31, 2019 | 93,157,500 | |||
| Net Loss | (14,118) | (14,118) | ||
| Ending Balance at Oct. 31, 2019 | $ 93,158 | (26,802) | (81,626) | (15,270) |
| Ending Balance (in shares) at Oct. 31, 2019 | 93,157,500 | |||
| Beginning Balance at Jul. 31, 2019 | $ 93,158 | (26,802) | (67,508) | (1,152) |
| Beginning Balance (in shares) at Jul. 31, 2019 | 93,157,500 | |||
| Net Loss | (29,841) | |||
| Ending Balance at Jan. 31, 2020 | $ 93,158 | (26,802) | (97,349) | (30,993) |
| Ending Balance (in shares) at Jan. 31, 2020 | 93,157,500 | |||
| Beginning Balance at Oct. 31, 2019 | $ 93,158 | (26,802) | (81,626) | (15,270) |
| Beginning Balance (in shares) at Oct. 31, 2019 | 93,157,500 | |||
| Net Loss | (15,723) | (15,723) | ||
| Ending Balance at Jan. 31, 2020 | $ 93,158 | $ (26,802) | $ (97,349) | $ (30,993) |
| Ending Balance (in shares) at Jan. 31, 2020 | 93,157,500 |
| STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
| Jan. 31, 2020 | Jan. 31, 2019 | |
| OPERATING ACTIVITIES | ||
| Net Loss | $ (29,841) | |
| Amortization | 2,762 | |
| Net Cash Used by Operating Activities from continuing operations | (27,079) | |
| Net Cash Used by Operating Activities from Discontinued Operations operations (net) | (9,353) | |
| Total Net Cash Used by Operating Activities operations | (27,079) | (9,353) |
| FINANCING ACTIVITIES: | ||
| Proceeds from Loans payable - Related Party | 39,457 | |
| Net cash provided by financing activities from continuing operations | 39,457 | |
| Net Cash Used by Financing Activities from Discontinued Operations operations (net) | 8,700 | |
| Total Net cash used by financing activities | 39,457 | 8,700 |
| NET INCREASE (DECREASE) IN CASH | 12,378 | (653) |
| CASH AT BEGINNING OF PERIOD | 876 | |
| CASH AT END OF PERIOD | 12,378 | 223 |
| Supplemental Cashflow Information | ||
| Interest Paid | ||
| Taxes Paid | ||
| Supplemental Disclosure of Non Cash Lease Activity | ||
| Recognition of Right of use asset | 17,951 | |
| Recognition of Lease liability | $ (17,951) | |
| ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
| Jan. 31, 2020 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – Clancy Corp. (“the Company”) was incorporated on March 22, 2016 under the laws of the State of Nevada, USA. The Company initially was formed for the purpose of producing and selling handcrafted soaps. Effective June 28, 2019 (“Effective Date”), a change of control occurred with respect to the Company. Pursuant to the terms of Stock Purchase Agreement, Gaoyang Liu purchased 2,000,000 shares of the Company’s issued and outstanding common stock from Iryna Kologrim, the then sole officer, director, and majority shareholder of the Company. The 2,000,000 shares represented 64.4% of the shares of outstanding common stock of the Company. In connection with the transaction, Mr. Liu became the sole officer and director of the Company and Ms. Kologrim resigned in all capacities with respect to the Company. In connection with the change of control, the Company ceased its business operations and is now a “shell company” as defined under Rule 405 promulgated under the Securities Act of 1933, as amended. It also assigned all assets to Iryna Kologrim, the then sole officer, director, and majority shareholder of the Company in exchange for a waiver of all labilities owed to her by the Company. On January 15, 2020, the Company filed a Certificate of Amendment to Articles of Incorporation with the Nevada Secretary of State (the “Amendment”) which effectuated the following corporate actions (“Corporate Actions”): ● the forward split of the Company’s issued and outstanding common stock, $0.001 par value, on thirty (30) post-split shares for a one (1) pre-split share basis applicable to stockholders of record as of January 2, 2020, and ● The increase of the Company’s authorized shares of common stock, $0.001 par value, from 75,000,000 to 345,000,000. The Corporate Actions were adopted by written consent of our sole Director, Mr. Gaoyang Liu, on January 2, 2020, and the sole Director recommended the Corporate Actions be presented to our shareholders for approval. On January 3, 2020, Mr. Liu, the Company’s majority stockholder, holding 64.4% of the company’s outstanding voting securities executed written consent approving the Corporate Actions. For purposes of the forward stock split described above, the sole Director also set January 2, 2020 as the record date of such action. All shares disclosed in the financial statements and notes to the financial statements have been retroactively adjusted for the 30 for 1 forward split. |
| MANAGEMENT PLANS | 6 Months Ended |
| Jan. 31, 2020 | |
| Notes to Financial Statements | |
| MANAGEMENT PLANS | NOTE 2 – MANAGEMENT PLANS The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred significant losses and experienced negative cash flow from operations since inception. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company’s principal business objective for the next twelve months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. The Company believes that its existing cash resources will not be sufficient to sustain operations during the next twelve months. The Company’s management plans to engage in very limited activities without incurring any significant liabilities that must be satisfied in cash until a source of funding is secured. Mr. Gaoyang Liu, the major stockholder, CEO and director of the Company, has agreed to provide continued financial support to the Company. The Company currently needs to generate revenue in order to sustain its operations. In the event that the Company cannot generate sufficient revenue to sustain its operations, the Company will need to reduce expenses or obtain financing through the sale of debt and/or equity securities. The issuance of additional equity would result in dilution to existing shareholders. If the Company is unable to obtain additional funds when they are needed or if such funds cannot be obtained on terms acceptable to the Company, the Company would be unable to execute upon the business plan or pay costs and expenses as they are incurred, which would have a material, adverse effect on the business, financial condition and results of operations. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
| Jan. 31, 2020 | |
| Accounting Policies [Abstract] | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – BASIS OF PRESENTATION. The accompanying unaudited financial statements have been prepared in accordance with the U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying unaudited financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2019 as filed with the SEC. Operating results for the three months ended January 31, 2020 are not necessarily indicative of the results that may be expected for the year ending July 31, 2020. Fiscal year end The Company’s year end is July 31 st 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. 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. Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts (“ASC 606”). The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “ ” Comprehensive Income The Company follows FASB ASC 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since the Company has no items of other comprehensive income, comprehensive loss is equal to net loss. Financial Instruments The Company’s financial instruments consist of loans from related party. The carrying amount of this financial instrument approximates its fair value due to its relatively short maturity 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. Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU NO. 2016-02 “Leases (Topic 842)” Recently Issued Accounting Pronouncements Not Yet Adopted As of January 31, 2020, there are no recently issued accounting standards not yet adopted which would have a material effect on the Company’s financial statements. |
| COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
| Jan. 31, 2020 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | NOTE 4 – The Company has entered into a one-year rental agreement for a $300 monthly fee, starting on September 1, 2016. Leased Premise with the area of 40 square meters is located at str. Vizantiou 28, Strovolos, Lefkosia, Cyprus, 2006. This premise is used as a manufacturing area. The Company extended the lease agreement until September 1, 2019. The Company paid $0 for rent for the three and six months ended January 31, 2020. The lease terminated as of September 1, 2019. On October 19, 2017 the Company entered into a five-year rental agreement for a $540 monthly fee, starting on November 1, 2017. Leased Premise with the area of 74 square meters is located at 8 Stasinou Ave, Lefkosia 1060, Nicosia, Cyprus. The Company paid $0 for rent for the three and six months ended January 31, 2020. Due to the adoption of the new lease standard under the optional transition method which allows the entity to apply the new lease standard at the adoption date, the Company has capitalized the present value of the minimum lease payments commencing August 1, 2019, using an estimated incremental borrowing rate of 6%. The minimum lease payments do not include common area annual expenses which are considered to be non-lease components. As of August 1, 2019, the operating lease right-of-use asset and operating lease liability amounted to $17,951 with no cumulative-effect adjustment to the opening balance of accumulated deficit. There are no other material operating leases. The Company has elected not to recognize right-of-use assets and lease liabilities arising from short-term leases. Future minimum lease payments under the operating lease as of January 31, 2020 are: 2020 8,680 2021 6,480 2022 5,940 Total Lease payments 21,060 Less imputed interest 3,109 Total 17,951 Total lease expense under operating leases for the three and six months ended January 31, 2020 was $0. |
| LOAN FROM DIRECTOR | 6 Months Ended |
| Jan. 31, 2020 | |
| Notes to Financial Statements | |
| LOAN FROM DIRECTOR | NOTE 5 – Immediately prior to June 28, 2019, the Company’ then sole officer and director had a loan outstanding from the Company in the amount of $23,334. This loan was unsecured, non-interest bearing and due on demand. As part of change of control transaction which occurred on June 28, 2019, the outstanding balance was forgiven and written off. As a result, the balance due to the former officer and director was $0 as of July 31, 2019. On that same date (June 28, 2019), the Company also assigned all assets and liabilities to the former officer and director of the Company. In connection with the change of control, the Company ceased its business operations and is now a “shell company” as defined under Rule 405 promulgated under the Securities Act of 1933, as amended. As of January 31, 2020, the new officer and director has loaned the Company the sum of $40,609. This loan is unsecured, non-interest bearing and due on demand. |
| INCOME TAXES | 6 Months Ended |
| Jan. 31, 2020 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | NOTE 6 – Income tax expense was $0 for the three and six months ended January 31, 2020 and 2019. As of August 1, 2019, the Company had no unrecognized tax benefits and, accordingly, the Company did not recognize interest or penalties during the three months ended January 31, 2020 related to unrecognized tax benefits. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 was signed into law. This legislation reduced the federal corporate tax rate from the previous 35% to 21%. There was no accrual for uncertain tax positions as of January 31, 2020. The tax year 2016 and thereafter are subject to examination by major tax jurisdictions. There is no income tax benefit for the losses for the three and six months ended January 31, 2020 and 2019, since management has determined that the realization of the net tax deferred asset is not assured and has created a valuation allowance for the entire amount of such benefits.As a result of the change of control, the net operating loss will be limited from that date forward. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy) | 6 Months Ended |
| Jan. 31, 2020 | |
| Summary Of Significant Accounting Policies | |
| Basis of presentation | BASIS OF PRESENTATION. The accompanying unaudited financial statements have been prepared in accordance with the U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying unaudited financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2019 as filed with the SEC. Operating results for the three months ended January 31, 2020 are not necessarily indicative of the results that may be expected for the year ending July 31, 2020. Fiscal year end The Company’s year end is July 31 st |
| Use of Estimates | 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. |
| Income Taxes | 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. |
| Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts (“ASC 606”). The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. |
| Basic Income (Loss) Per Share | Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “ ” |
| Comprehensive Income | Comprehensive Income The Company follows FASB ASC 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since the Company has no items of other comprehensive income, comprehensive loss is equal to net loss. |
| Financial Instruments | Financial Instruments The Company’s financial instruments consist of loans from related party. The carrying amount of this financial instrument approximates its fair value due to its relatively short maturity |
| Stock-Based Compensation | 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. |
| Recent Accounting Pronouncements | Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU NO. 2016-02 “Leases (Topic 842)” Recently Issued Accounting Pronouncements Not Yet Adopted As of January 31, 2020, there are no recently issued accounting standards not yet adopted which would have a material effect on the Company’s financial statements. |
| COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended |
| Jan. 31, 2020 | |
| Commitments And Contingencies | |
| Schedule of Future minimum lease payments | Future minimum lease payments under the operating lease as of January 31, 2020 are: 2020 8,680 2021 6,480 2022 5,940 Total Lease payments 21,060 Less imputed interest 3,109 Total 17,951 |
| COMMITMENTS AND CONTINGENCIES (Detail Narrative) - USD ($) | 3 Months Ended | 6 Months Ended |
| Jan. 31, 2020 | Jan. 31, 2020 | |
| Lease at 8 Stasinou Ave [Member] | ||
| Rent expense paid | $ 0 | $ 0 |
| Lease at Vizantiou 28, Strovolos [Member] | ||
| Rent expense paid | $ 0 | $ 0 |
| COMMITMENTS AND CONTINGENCIES (Details) | Jan. 31, 2020USD ($) |
| Disclosure Commitments And Contingencies Details Abstract | |
| 2020 | $ 8,680 |
| 2021 | 6,480 |
| 2022 | 5,940 |
| Total Lease payments | 21,060 |
| Less imputed interest | 3,109 |
| Net Lease Payment | $ 17,951 |
