Cover
Cover - shares | 3 Months Ended | |
Jul. 31, 2021 | Aug. 20, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jul. 31, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --04-30 | |
Entity File Number | 333-218733 | |
Entity Registrant Name | Yijia Group Corp. | |
Entity Central Index Key | 0001699709 | |
Entity Tax Identification Number | 35-2583762 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 30 N Gould St | |
Entity Address, Address Line Two | Suite 22545 | |
Entity Address, City or Town | Sheridan | |
Entity Address, State or Province | WY | |
Entity Address, Postal Zip Code | 82801 | |
City Area Code | 310 | |
Local Phone Number | 266-3738 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 5,871,250 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Jul. 31, 2021 | Apr. 30, 2021 |
Current Liabilities | ||
Other payable and accruals | $ 32,107 | $ 28,563 |
Amount due to a related party | 0 | 146,107 |
Total Current Liabilities | 32,107 | 174,670 |
Total Liabilities | 32,107 | 174,670 |
Commitments and Contingencies | ||
Stockholders’ Deficit | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 5,871,250 and 5,871,250 shares issued and outstanding, respectively | 5,871 | 5,871 |
Additional paid in capital | 58,824 | 58,824 |
Accumulated deficit | (96,802) | (239,365) |
Total Stockholders’ Deficit | (32,107) | (174,670) |
Total Liabilities and Stockholders’ Deficit | $ 0 | $ 0 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jul. 31, 2021 | Apr. 30, 2021 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares, Issued | 5,871,250 | 5,871,250 |
Common Stock, Shares, Outstanding | 5,871,250 | 5,871,250 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Income Statement [Abstract] | ||
Revenues | $ 0 | $ 0 |
OPERATING EXPENSES | ||
General and Administrative Expenses | 10,486 | 11,247 |
TOTAL OPERATING EXPENSES | (10,486) | (11,247) |
Other income | ||
Gain from forgiveness of debts | 153,049 | 0 |
INCOME (LOSS) BEFORE INCOME TAX | 142,563 | (11,247) |
PROVISION FOR INCOME TAXES | 0 | 0 |
NET INCOME (LOSS) | $ 142,563 | $ (11,247) |
NET INCOME (LOSS) PER SHARE - BASIC AND DILUTED | $ 0.02 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | 5,871,250 | 5,871,250 |
Condensed Statements of Changes
Condensed Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Apr. 30, 2020 | $ 5,871 | $ 58,824 | $ (187,271) | $ (122,576) |
Shares, Outstanding, Beginning Balance at Apr. 30, 2020 | 5,871,250 | |||
Net loss for the period | $ 0 | 0 | (11,247) | (11,247) |
Ending balance, value at Jul. 31, 2020 | $ 5,871 | 58,824 | (198,518) | (133,823) |
Shares, Outstanding, Ending Balance at Jul. 31, 2020 | 5,871,250 | |||
Beginning balance, value at Apr. 30, 2021 | $ 5,871 | 58,824 | (239,365) | (174,670) |
Shares, Outstanding, Beginning Balance at Apr. 30, 2021 | 5,871,250 | |||
Net loss for the period | $ 0 | 0 | 142,563 | 142,563 |
Ending balance, value at Jul. 31, 2021 | $ 5,871 | $ 58,824 | $ (96,802) | $ (32,107) |
Shares, Outstanding, Ending Balance at Jul. 31, 2021 | 5,871,250 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) | $ 142,563 | $ (11,247) |
Gain from forgiveness of related party debt | (153,049) | 0 |
Changes in operating assets and liabilities: | ||
Increase in other payable and accruals | 3,544 | 11,247 |
NET CASH USED IN OPERATING ACTIVITIES | (6,942) | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceed from a related party | 6,942 | 0 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 6,942 | 0 |
NET CHANGE IN CASH AND CASH EQUIVALENTS FOR THE PERIOD | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | 0 | 0 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 3 Months Ended |
Jul. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
BASIS OF PRESENTATION | Note 1 – BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10–Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the consolidated balance sheet as of April 30, 2021 which has been derived from audited financial statements and these unaudited condensed financial statements reflect all normal and considered necessary to state fairly the results for the periods presented. The results for the period ended July 31, 2021 are not necessarily indicative of the results to be expected for the entire fiscal year ending April 30, 2021 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended April 30, 2021. |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 3 Months Ended |
Jul. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | Note 2 – ORGANIZATION AND NATURE OF BUSINESS Yijia Group Corp. (“the Company”, “we”, “us” or “our”) was incorporated as Soldino Group Corp. on January 25, 2017 under the laws of the State of Nevada, United States of America. The Company has ceased its operations as of October 2018. As such, the Company accounted for all of its assets, liabilities and results of operations up to October 31, 2018 as discontinued operations. As of November 1, 2018, the Company is a shell company. On November 15, 2018, the Company changed its name to Yijia Group Corp. On October 31, 2018, Aurora Fiorin resigned as the President, Treasurer, Secretary and Director of the Company. Ms. Fiorin’s resignation as President, Treasurer and Secretary was effective immediately. Ms. Fiorin’s resignation as a Director was effective ten (10) days following the filing by the Company of the Information Statement on Schedule 14f-1 with the United States Securities and Exchange Commission (the “SEC”). Prior to Ms. Fiorin’s, resignation, she appointed Ms. Shaoyin Wu as the new President and Chief Executive Officer of the Company and Mr. Kim Lee Poh as the Company’s new Chief Financial Officer and Secretary. Ms. Wu and Mr. Poh were appointed as new board members of the Company, along with Mr. Jian Yang. On July 28, 2021, Barry Sytner, a non-affiliate of the registrant, purchased an aggregate of 5,066,250 common shares from Kim Lee Poh, Jian Yang and Shaoyin Wu, officers and directors of the registrant and from Jiang Bo, Chen Bo Bo and Zheng Lixing, other majority shareholders of the registrant. The purchase price for the common shares was paid from Mr. Sytner’s personal funds resulting in a change of control of the registrant. The common shares were transferred to Barry Sytner effective August 4, 2021. The 5,066,250 common shares represent 86.3% of the currently issued and outstanding common of the Company. Also, on July 28, 2021, Shaoyin Wu, Kim Lee Poh and Jian Yang resigned as officers and directors of the Company. Concurrently, on July 28, 2021, Barry Sytner, was appointed as Chief Executive Officer and Director of the Company. Starting from July 30, 2021, the Company commenced its operation in the rendering of business consulting service to domestic and international customers. On July 30, 2021, the Company entered into two consulting agreements with non-affiliates to provide business consulting services. Under the consulting agreements, the Company will receive consulting fees of $5,000 and $10,000 per month, respectively. The term of the consulting agreements is for an initial three month period. Unless terminated in writing prior to the end of the period, the consulting agreement are renewable for successive three month periods. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Jul. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | Note 3 – GOING CONCERN The accompanying condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company suffered from a working capital deficit of $ 32,107 96,802 Therefore, there is substantial doubt about the Company’s ability to continue as a going concern without future profitability. Management anticipates that the Company will be dependent, in the near future, on additional capital to fund operating expenses. The Company intends to position itself to able to raise additional funds through the capital markets. In light of management’s 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. The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy organizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholders approximates its fair value due to their short-term maturity. 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. Uncertain tax positions The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three months ended July 31, 2021 and 2020. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” (“ASC-605”), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. No revenue was generated for the three months ended July 31, 2021 and 2020. Net Loss Per Share The Company computes net loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of July 31, 2021, there were no Currencies The Company’s reporting and functional currencies are both the U.S. dollar. Foreign currency transaction gains and losses are included in other income (expense) but are negligible. Comprehensive Income Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of July 31, 2021 and April 30, 2021, there were no differences between our comprehensive loss and net loss. Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Reclassification Certain reclassifications have been made to the financial statements for the prior year periods to present that information on a basis consistent with the current period. Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes (“ASU 2020-12”). ASU 2020-12, among other things, (a) eliminates the exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income (or a gain) from other items, (b) eliminates the exception to the general methodology for calculating income taxes in an interim period when the year-to-date loss exceeds the anticipated loss for the year, (c) requires than an entity recognize a franchise tax (or a similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, and (d) requires than an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation for the interim period that includes the enactment date. For public companies, these amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted but must involve the adoption of all amendments contained in ASU 2020-12 concurrently. The Company has not adopted ASU 2020-12 and is evaluating the potential impact of adoption on its financial statements. |
AMOUNT DUE TO A RELATED PARTY
AMOUNT DUE TO A RELATED PARTY | 3 Months Ended |
Jul. 31, 2021 | |
Related Party Transactions [Abstract] | |
AMOUNT DUE TO A RELATED PARTY | Note 5 – AMOUNT DUE TO A RELATED PARTY For the three months ended July 31, 2021, the amount of $ 153,049 |
COMMON STOCK
COMMON STOCK | 3 Months Ended |
Jul. 31, 2021 | |
Equity [Abstract] | |
COMMON STOCK | Note 6 – COMMON STOCK The Company has 75,000,000 0.001 5,871,250 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Jul. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | Note 7 – COMMITMENTS AND CONTINGENCIES As of July 31, 2021, the Company has no material commitments or contingencies. |
INTEREST AND PENALTIES
INTEREST AND PENALTIES | 3 Months Ended |
Jul. 31, 2021 | |
Interest And Penalties | |
INTEREST AND PENALTIES | Note 8 – INTEREST AND PENALTIES The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of July 31, 2021 and April 30, 2021, the Company had no accrued interest or penalties related to uncertain tax positions. |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Jul. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | Note 9 – INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits. The Company has no tax position on July 31, 2021, for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company does not recognize interest accrued related to unrecognized tax benefits in interest expenses and penalties in operating expenses. No such interest or penalties were recognized during the period presented. The Company had no accruals for interest and penalties on July 31, 2021. The Company’s utilization of any net operating loss carry forward may be unlikely as a result of its intended activities. The valuation allowance on July 31, 2021 was $20,328. The net change in valuation allowance during the three months ended July 31, 2021 was $29,939. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of July 31, 2021 and 2020. All tax years since inception remain open for examination only by taxing authorities of United States and State of Nevada. The Company has a net operating loss carryforward for tax purposes totaling $ 96,802 2041 Schedule of deferred taxes As of As of Non-current deferred tax assets: Net operating loss carryforwards $ (96,802 ) $ (239,365 ) Total deferred tax assets (20,328 ) (50,267 ) Valuation allowance 20,328 50,267 Net deferred tax assets $ – $ – The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the three months ended July 31, 2021 as follows: Schedule of actual tax benefit Three months ended Three months ended Computed "expected" tax benefit $ (20,328 ) $ (50,267 ) Change in valuation allowance 20,328 50,267 Actual tax benefit $ – $ – |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jul. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | Note 10 – SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
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. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy organizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholders approximates its fair value due to their short-term maturity. |
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. |
Uncertain tax positions | Uncertain tax positions The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three months ended July 31, 2021 and 2020. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” (“ASC-605”), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. No revenue was generated for the three months ended July 31, 2021 and 2020. |
Net Loss Per Share | Net Loss Per Share The Company computes net loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of July 31, 2021, there were no |
Currencies | Currencies The Company’s reporting and functional currencies are both the U.S. dollar. Foreign currency transaction gains and losses are included in other income (expense) but are negligible. |
Comprehensive Income | Comprehensive Income Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of July 31, 2021 and April 30, 2021, there were no differences between our comprehensive loss and net loss. |
Related parties | Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Reclassification | Reclassification Certain reclassifications have been made to the financial statements for the prior year periods to present that information on a basis consistent with the current period. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes (“ASU 2020-12”). ASU 2020-12, among other things, (a) eliminates the exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income (or a gain) from other items, (b) eliminates the exception to the general methodology for calculating income taxes in an interim period when the year-to-date loss exceeds the anticipated loss for the year, (c) requires than an entity recognize a franchise tax (or a similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, and (d) requires than an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation for the interim period that includes the enactment date. For public companies, these amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted but must involve the adoption of all amendments contained in ASU 2020-12 concurrently. The Company has not adopted ASU 2020-12 and is evaluating the potential impact of adoption on its financial statements. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 3 Months Ended |
Jul. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred taxes | Schedule of deferred taxes As of As of Non-current deferred tax assets: Net operating loss carryforwards $ (96,802 ) $ (239,365 ) Total deferred tax assets (20,328 ) (50,267 ) Valuation allowance 20,328 50,267 Net deferred tax assets $ – $ – |
Schedule of actual tax benefit | Schedule of actual tax benefit Three months ended Three months ended Computed "expected" tax benefit $ (20,328 ) $ (50,267 ) Change in valuation allowance 20,328 50,267 Actual tax benefit $ – $ – |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Jul. 31, 2021 | Apr. 30, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
[custom:WorkingCapital-0] | $ 32,107 | |
Retained Earnings (Accumulated Deficit) | $ 96,802 | $ 239,365 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 3 Months Ended |
Jul. 31, 2021shares | |
Accounting Policies [Abstract] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 |
AMOUNT DUE TO A RELATED PARTY (
AMOUNT DUE TO A RELATED PARTY (Details Narrative) | 3 Months Ended |
Jul. 31, 2021USD ($) | |
Forgiveness Of Debt [Member] | |
Related Party Transaction [Line Items] | |
Debt Instrument, Decrease, Forgiveness | $ 153,049 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - $ / shares | Jul. 31, 2021 | Apr. 30, 2021 |
Equity [Abstract] | ||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 5,871,250 | 5,871,250 |
Common Stock, Shares, Outstanding | 5,871,250 | 5,871,250 |
Schedule of deferred taxes (Det
Schedule of deferred taxes (Details) - USD ($) | Jul. 31, 2021 | Apr. 30, 2021 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforwards | $ (96,802) | $ (239,365) |
Total deferred tax assets | (20,328) | (50,267) |
Valuation allowance | 20,328 | 50,267 |
Net deferred tax assets |
Schedule of actual tax benefit
Schedule of actual tax benefit (Details) - USD ($) | 3 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Computed "expected" tax benefit | $ (20,328) | $ (50,267) |
Change in valuation allowance | 20,328 | 50,267 |
Actual tax benefit | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 3 Months Ended |
Jul. 31, 2021USD ($) | |
Income Tax Disclosure [Abstract] | |
Operating Loss Carryforwards | $ 96,802 |
Operating Loss Carryforwards, Expiration Date | Dec. 31, 2041 |