NetPay International (NTPY) 10-K 10 May 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2019	May 10, 2019	Sep. 30, 2018
Details
Registrant Name	NetPay International Inc
Registrant CIK	0001689490
SEC Form	10-K
Period End date	Mar. 31, 2019
Fiscal Year End	--03-31
Trading Symbol	NTPY
Tax Identification Number (TIN)	812805555
Number of common stock shares outstanding		8,025,000
Public Float			$ 2,468,127
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Shell Company	false
Small Business	true
Emerging Growth Company	true
Ex Transition Period	false
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity File Number	333-214549
Entity Incorporation, State Country Name	Nevada
Entity Address, Address Line One	2 HAMANOFIM STREET
Entity Address, Address Line Two	HERZLIYA PITUACH
Entity Address, Postal Zip Code	46722562
Entity Address, Country	ISRAEL
Entity Address, Address Description	Address of principal executive offices
Phone Fax Number Description	Registrant’s telephone number, including area code
Country Region	972
City Area Code	3
Local Phone Number	612-6966
Entity Information, Former Legal or Registered Name	Allegro Beauty Products, Inc.
Entity Listing, Par Value Per Share	$ 0.001

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current Assets
Cash	$ 13,898	$ 4,986
Prepaid expense	1,751	74
Total Current Assets	15,649	5,060
Fixed assets	0	287
OTHER ASSETS:
Other assets	0	0
Deferred Offering Costs	0	0
Total Other Assets	0	0
TOTAL ASSETS	15,649	5,347
CURRENT LIABILITIES:
Accounts payable	3,300	149,500
Accrued expense	1,600	1,600
Loan - related party	39,373	1,000
Loans - non-related parties	0	57,684
TOTAL LIABILITIES	44,273	209,784
Shareholders' deficit:
Preferred Stock	0	0
Common Stock	8,025	8,025
Additional paid-in capital	23,201	22,001
Accumulated deficit	(59,850)	(234,463)
Non-controlling interest in subsidiary	0	0
NetPay International, Inc. stockholders' equity (deficit)	(59,850)	(234,463)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(28,624)	(204,437)
Total liabilities and shareholders' deficit	$ 15,649	$ 5,347

CONSOLIDATED BALANCE SHEETS - P

CONSOLIDATED BALANCE SHEETS - Parenthetical - $ / shares	Mar. 31, 2019	Mar. 31, 2018
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	8,025,000	8,025,000
Common Stock, Shares, Outstanding	8,025,000	8,025,000

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Revenues	$ 0	$ 0
Expenses:
Depreciation expense	34	57
Product development costs	6,643	36,905
Consulting and other administrative costs	38,820	94,029
Operating Expenses	45,497	130,991
Other Income/(Expense):
Gain on sale of assets	9,748	0
Debt forgiveness	211,162	0
Other expense	0	0
Nonoperating Income (Expense)	220,910	0
Income/(loss) before provision for income taxes	175,413	(130,991)
Provision for income tax	800	800
Net Income (Loss)	$ 174,613	$ (131,791)
Basic and diluted income/(loss) per share	$ 0.02	$ (0.02)
Weighted Average Number of Shares Outstanding, Basic and Diluted	8,025,000	7,140,000

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance, Starting at Mar. 31, 2016	$ 5,500	$ 0	$ (102,672)	$ (97,172)
Shares Outstanding, Starting at Mar. 31, 2016	5,500,000
Shares issued pursuant to registration statement on Form S-1, Amount	$ 2,750	52,250	0	55,000
Shares issued pursuant to registration statement on Form S-1, Shares	2,750,000
Deferred offering costs offset to additional paid in capital	$ 0	(30,474)	0	(30,474)
Return to treasury of certain shares, Amount	$ (225)	225	0	0
Return to treasury of certain shares, Shares	(225,000)
Net Income (Loss)	$ 0	0	(131,791)	(131,791)
Shares Outstanding, Ending at Mar. 31, 2018	8,025,000
Equity Balance, Ending at Mar. 31, 2018	$ 8,025	22,001	(234,463)	(204,437)
Relate party debt forgiveness - additional paid in capital	0	1,200	0	1,200
Net Income (Loss)	$ 0	0	174,613	174,613
Shares Outstanding, Ending at Mar. 31, 2019	8,025,000
Equity Balance, Ending at Mar. 31, 2019	$ 8,025	$ 23,201	$ (59,850)	$ (28,624)

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net Income (Loss)	$ 174,613	$ (131,791)
Depreciation and amortization expense	34	57
Gain from sale of assets	(9,748)	0
Debt forgiveness	(211,162)	0
Adjustments to reconcile net loss to net cash used in operating activities:
Change in prepaid expense	(1,677)	3,385
Change in deferred offering costs	0	24,041
Change in accounts payable	11,600	73,300
Change in accrued expense	0	800
Net cash used in operating activities	(36,340)	(30,208)
Net cash used in investing activities	0	(344)
Purchase of fixed assets	0	(344)
Cash flows from financing activities:
Proceeds from direct public offering	0	55,000
Deferred offering costs offset to additional paid in capital	0	(30,474)
Loan proceeds from related party	39,573	700
Loan repayment to nonrelated parties	(500)	(27,700)
Loan proceeds from nonrelated parties	6,179	37,682
Net cash provided by financing activities	45,252	35,208
Net increase (decrease) in cash	8,912	4,656
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	4,986	330
Cash and Cash Equivalents, at Carrying Value, Ending Balance	13,898	4,986
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for income taxes	800	0
Non-cash investing and financing activities:
Vendor account payment for fixed asset and intangible assets	10,000	0
Additional paid in capital adjustment from debt forgiveness by related party shareholder	1,200	0
Return to treasury - common stock at no cost	$ 0	$ 225

NOTE 1 - ORGANIZATION AND BASIS

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION Organization - NetPay International, Inc. (formerly known as Allegro Beauty Products, Inc.) (the “Company”) was incorporated under the laws of the State of Nevada on March 31, 2016. The Company issued 5,500,000 shares of its common stock to its founder at inception in exchange for organizational services. On August 29, 2018, the Company experienced a change in control (“Change in Control”). With the Change in Control certain liabilities of the Company were forgiven and/or paid for by our founder and former president and chief executive officer. Total liabilities at the time approximated $225,000. The board of directors nominated Mr. Alon Elbaz to the board on August 29, 2018. Concurrently our founder and former president and chief executive officer resigned from the board of directors and from all executive positions within the Company. On August 29, 2018, Mr. Elbaz was appointed as Chief Executive Officer to the Company, and Ms. Limor Mamon was appointed as Chief Financial Officer to the Company. Both Mr. Elbaz and Ms. Mamon serve in the same capacity for the Company’s majority shareholder, On December 5, 2018, the Company launched its Delaware subsidiary, NetPay (USA), Inc., to act as an independent sales organization (ISO) to seek opportunities related to the provision to merchants of merchant's credit card acquiring clearing, and other value-added services. The services provided by NetPay (USA), Inc. will be different than the payment facilitation business, which will be the core business of the Company. The Company owns ninety percent (90%) of NetPay (USA), with the remaining ten percent (10%) owned by two experienced executives in the credit card services arena Basis of Presentation – The financial statements are prepared using the accrual method of accounting. The Company elected a March 31 st The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. The accompanying consolidated financial statements include the accounts of NetPay International, Inc. and its majority-owned subsidiary, after elimination of intercompany accounts and transactions. The Company consolidates its majority-owned subsidiary and investments in entities in which the Company has a controlling interest. For the consolidated majority-owned subsidiary in which the Company owns less than 100%, the Company recognizes a non-controlling interest for the ownership of the non-controlling owners. Non-controlling interests are immaterial for all of the periods presented, and are included in interest and other, net in the consolidated statement of operations, of which there are none for the periods presented. The Company in the future may have certain non-majority-owned equity investments in non-publicly traded companies that are generally accounted for using the equity method of accounting. The equity method of accounting generally will be used when the Company has the ability to significantly influence the operating decisions of the business entity, or if the Company has a voting percentage of the corporation equal to or generally greater than 20% but less than 50%, and for non-majority-owned investments in partnerships where ownership is generally greater than 5%. The equity in earnings (losses) of equity method investees which are considered immaterial for periods presented, will be included in interest and other, net in the consolidated statements of operations of which there are none for the periods presented.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Cash Equivalents - For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. b. Stock-based Compensation - The Company follows ASC 718-10, Stock Compensation c. Use of Estimates and Assumptions - Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company adopted the provisions of ASC 260. d. Earnings (Loss) per Share - The basic earnings (loss) per share is calculated by dividing the Company’s 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 Company’s 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. e. Property and Equipment Capitalization Policies - Property and equipment is stated at cost and depreciated over estimated useful life of the asset using the straight-line method. Amortization of leasehold improvements is computed on the straight-line method over the shorter of the lease term or estimated useful life of the asset. Maintenance and repairs are charged to operations as incurred. When assets are sold, or otherwise disposed of, cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. f. Income Taxes - Income taxes are provided in accordance with ASC 740, Income Taxes Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal income tax. g. Revenue Recognition - The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured. h. Impairment of Long-Lived Assets - The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sel. i. Advertising - Advertising will be expensed in the period in which it is incurred. There has been no advertising expense in the reporting period presented. j. Intangible Assets - Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involve significant judgment. k. Recently Issued Accounting Pronouncements - The Company reviewed recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 3 - GOING CONCERN	NOTE 3 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As reflected in the accompanying financial statements, the Company had negative working capital of $28,624 and an accumulated deficit of $59,850 at March 31, 2019. As of March 31, 2019, we have not generated any revenue and have no committed sources of capital or financing. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management believes the actions presently being taken by the Company to implement a revised business plan and to generate revenues will provide the Company opportunity to continue as a going concern. While the Company believes in its newly implemented business strategy, the Company will need to generate revenues and/or raise significant and additional funds to continue as a going concern. These plans include seeking financing from financial institutions, lenders, strategic business relationships or through acquisition. As well as seeking further capital from equity financings from the market. There can be no assurance that the Company will be successful in any of these efforts. The Company has historically relied upon loans to finance its operations and growth. The Company believes that with the financial support and continued backing of its majority shareholder, sufficient financing will be available to it. Nevertheless, failure to obtain additional financings or other sources of capital could have a material and adverse effect upon the Company and its shareholders. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 4 - SHARE CAPITAL

NOTE 4 - SHARE CAPITAL	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 4 - SHARE CAPITAL	NOTE 4 - SHARE CAPITAL The Company has 100,000,000 shares of common stock authorized; par value $0.001 per share. The Company has 10,000,000 shares of blank check preferred stock authorized; par value $0.001 per share. The blank check preferred stock may be designated into one or more series, from time to time, by the Company's Board of Directors by filing a certificate pursuant to NRS Chapter 78. The Company issued 5,500,000 shares of its common stock to its founder for organizational services, which were valued at $5,500. The Company filed a registration statement that was declared effective by the Securities and Exchange Commission on June 27, 2017. The Company solicited investors for an investment of $55,000. The Company sold 2,750,000 shares of its common stock to 30 investors who paid $0.02 per share. 225,000 shares were returned to treasury by certain shareholders for no consideration during March 2018. The Company recognized a reduction in common stock of $225 and an increase of $225 to additional paid in capital. With the Change in Control (see Note 1 – Organization and Basis of Presentation) our founder, a former officer and director, settled certain outstanding debts of the Company resulting in forgiveness of that debt; the Company recognized a one-time increase to additional paid in capital of $1,200 for this related party transaction. This occurred on or about August 29, 2018. At March 31, 2019, there are 8,025,000 shares of common stock issued and outstanding. There are no shares of blank check preferred stock issued or outstanding.

NOTE 5 - DEFERRED OFFERING COST

NOTE 5 - DEFERRED OFFERING COSTS	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 5 - DEFERRED OFFERING COSTS	NOTE 5 - DEFERRED OFFERING COSTS Deferred offering costs consisted primarily of accounting fees, legal fees and other fees incurred that were directly related to our public offering. Deferred offering costs were netted against the proceeds of the public offering. Deferred offering costs of $30,474 were credited against additional paid in capital upon the closing of the public offering. As of March 31, 2019 and March 31, 2018 deferred offering costs were none for both periods.

NOTE 6 - LOANS - RELATED PARTY

NOTE 6 - LOANS - RELATED PARTY	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 6 - LOANS - RELATED PARTY	NOTE 6 - LOANS - RELATED PARTY Through the year ended March 31, 2019, the Company received approximately $39,400 from its majority shareholder to pay for operating expenses. The short-term funding is unsecured and bears no interest or repayment term. With the Change in Control (see Note 1 – Organization and Basis of Presentation) our founder settled certain outstanding debts of the Company resulting in forgiveness of that debt; the Company recognized a one-time increase to additional paid in capital of $1,200 for this related party transaction.

NOTE 7 - LOANS - NONRELATED PAR

NOTE 7 - LOANS - NONRELATED PARTIES	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 7 - LOANS - NONRELATED PARTIES	NOTE 7 - LOANS - NONRELATED PARTIES Through March 31, 2019 the Company received loan proceeds from three non-related parties of which none is currently outstanding. The loans were unsecured and carried no interest rate or specific repayment terms. The Company with the close of its public offering repaid $21,000 of these loans. With the Change in Control (see Note 1 – Organization and Basis of Presentation) our founder guaranteed the settlement of certain outstanding debts resulting in forgiveness of that debt; the Company recognized debt forgiveness of $63,300 related to the non-related party loans. This occurred on or about August 29, 2018.

NOTE 8 - DEBT FORGIVENESS AND G

NOTE 8 - DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 8 - DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS	NOTE 8 – DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS With the Change in Control (see Note 1 – Organization and Basis of Presentation), our founder guaranteed the settlement of certain outstanding debts resulting in forgiveness of that debt; the Company recognized total debt forgiveness of $211,100. This occurred on or about August 29, 2018. In total we recognized a reduction in vendor accounts payable of $147,800 and non-related party loans of $63,300. No consideration was paid by the Company for this debt forgiveness. In connection with the Change in Control (see Note 1 – Organization and Basis of Presentation) our founder guaranteed the settlement of certain debts resulting in the sale of certain assets in exchange for an account payable of $10,000. This resulted in the Company recognizing a gain on sale of assets of $9,700. These assets consisted of certain intellectual property of the Company and fixed assets that had been fully depreciated on the date of sale.

NOTE 9 - INCOME TAXES

NOTE 9 - INCOME TAXES	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 9 - INCOME TAXES	NOTE 9 - INCOME TAXES As of March 31, 2019 and March 31, 2018, the Company had a net operating loss (“NOL”) carry-forward of $59,850 and $234,463, respectively. The NOL carryforwards may be available to reduce future years’ taxable income. As of March 31, 2019 As of March 31, 2018 Deferred tax assets: Net operating tax carryforwards $ 12,569 $ 82,062 Other - - Gross deferred tax assets 12,569 82,062 Valuation allowance (12,569) (82,062) Net deferred tax assets $ - $ - Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance equal to the deferred tax asset. Reconciliation between statutory rate and effective tax rate for both periods presented and as of March 31, 2019 is: Federal statutory rate (21.0)% State taxes, net of federal benefit (0.00)% Change in valuation allowance 21.0% Effective tax rate 0.0% Effective income tax rate and the new tax law - Our effective income tax rate was (0.0%) for the periods presented. The effective income tax rate for the periods were based upon the estimated rate applicable for the fiscal year adjusted to reflect any significant items related specifically to an interim period. On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%. Based on the provisions of the Act, we re-measured our deferred tax liabilities and adjusted our estimated annual federal income tax rate to incorporate the lower corporate tax rate into our tax provision for the current quarter as any change represents a discrete item for purposes of income tax accounting. The re-measurement of deferred tax liabilities at the lower corporate tax rate resulted in no difference in income tax expense.

NOTE 10 - SUBSEQUENT EVENTS

NOTE 10 - SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2019
Notes
NOTE 10 - SUBSEQUENT EVENTS	NOTE 10 - SUBSEQUENT EVENTS In accordance with ASC 855, Subsequent Events None.

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash Equivalents (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Cash Equivalents	a. Cash Equivalents - For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

NOTE 2 - SUMMARY OF SIGNIFICA_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Stock-based Compensation (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Stock-based Compensation	b. Stock-based Compensation - The Company follows ASC 718-10, Stock Compensation

NOTE 2 - SUMMARY OF SIGNIFICA_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates and Assumptions (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Use of Estimates and Assumptions	c. Use of Estimates and Assumptions - Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company adopted the provisions of ASC 260.

NOTE 2 - SUMMARY OF SIGNIFICA_5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings (Loss) per Share (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Earnings (Loss) per Share	d. Earnings (Loss) per Share - The basic earnings (loss) per share is calculated by dividing the Company’s 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 Company’s 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.

NOTE 2 - SUMMARY OF SIGNIFICA_6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment Capitalization Policies (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Property and Equipment Capitalization Policies	e. Property and Equipment Capitalization Policies - Property and equipment is stated at cost and depreciated over estimated useful life of the asset using the straight-line method. Amortization of leasehold improvements is computed on the straight-line method over the shorter of the lease term or estimated useful life of the asset. Maintenance and repairs are charged to operations as incurred. When assets are sold, or otherwise disposed of, cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations.

NOTE 2 - SUMMARY OF SIGNIFICA_7

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Income Taxes	f. Income Taxes - Income taxes are provided in accordance with ASC 740, Income Taxes Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal income tax.

NOTE 2 - SUMMARY OF SIGNIFICA_8

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Revenue Recognition	g. Revenue Recognition - The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.

NOTE 2 - SUMMARY OF SIGNIFICA_9

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Impairment of Long-Lived Assets (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Impairment of Long-Lived Assets	h. Impairment of Long-Lived Assets - The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sel.

NOTE 2 - SUMMARY OF SIGNIFIC_10

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Advertising (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Advertising	i. Advertising - Advertising will be expensed in the period in which it is incurred. There has been no advertising expense in the reporting period presented.

NOTE 2 - SUMMARY OF SIGNIFIC_11

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Intangible Assets (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Intangible Assets	j. Intangible Assets - Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involve significant judgment.

NOTE 2 - SUMMARY OF SIGNIFIC_12

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recently Issued Accounting Pronouncements (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Recently Issued Accounting Pronouncements	k. Recently Issued Accounting Pronouncements - The Company reviewed recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

NOTE 9 - INCOME TAXES_ Schedule

NOTE 9 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	As of March 31, 2019 As of March 31, 2018 Deferred tax assets: Net operating tax carryforwards $ 12,569 $ 82,062 Other - - Gross deferred tax assets 12,569 82,062 Valuation allowance (12,569) (82,062) Net deferred tax assets $ - $ -

NOTE 9 - INCOME TAXES_ Schedu_2

NOTE 9 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	Federal statutory rate (21.0)% State taxes, net of federal benefit (0.00)% Change in valuation allowance 21.0% Effective tax rate 0.0%

NOTE 1 - ORGANIZATION AND BAS_2

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION (Details)	12 Months Ended
	Mar. 31, 2019shares
Details
Entity Information, Former Legal or Registered Name	Allegro Beauty Products, Inc.
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Mar. 31, 2016
Stock Issued During Period, Shares, Issued for Services	5,500,000

NOTE 3 - GOING CONCERN (Details

NOTE 3 - GOING CONCERN (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2016
Details
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	$ (28,624)	$ (204,437)	$ (97,172)
Accumulated deficit	(59,850)	(234,463)
Revenues	$ 0	$ 0

NOTE 4 - SHARE CAPITAL (Details

NOTE 4 - SHARE CAPITAL (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Stock Issued During Period, Shares, Issued for Services	5,500,000
Stock Issued During Period, Value, Issued for Services	$ 5,500
Common Stock, Shares, Outstanding	8,025,000	8,025,000
Preferred Stock, Shares Outstanding	0	0

NOTE 5 - DEFERRED OFFERING CO_2

NOTE 5 - DEFERRED OFFERING COSTS (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Details
Deferred Offering Costs	$ 0	$ 0

NOTE 7 - LOANS - NONRELATED P_2

NOTE 7 - LOANS - NONRELATED PARTIES (Details)	Mar. 31, 2019USD ($)
Details
Loan balance outstanding to non-related parties	$ 0

NOTE 8 - DEBT FORGIVENESS AND_2

NOTE 8 - DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS (Details)	12 Months Ended
	Mar. 31, 2019USD ($)
Details
Total debt forgiveness	$ 211,100
Reduction in accounts payable	147,800
Debt forgiveness from certain nonrelated parties	$ 63,300

NOTE 9 - INCOME TAXES_ Schedu_3

NOTE 9 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Deferred tax assets:
Net operating tax carryforwards	$ 12,569	$ 82,062
Gross deferred tax assets	12,569	82,062
Valuation allowance	(12,569)	(82,062)
Net deferred tax assets	$ 0	$ 0

NOTE 9 - INCOME TAXES_ Schedu_4

NOTE 9 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Details)	12 Months Ended
	Mar. 31, 2019
Details
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	(21.00%)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	(0.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	21.00%
Effective Income Tax Rate Reconciliation, Percent	0.00%