Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 08, 2021 | May 31, 2020 | |
Details | |||
Registrant CIK | 0001722556 | ||
Fiscal Year End | --11-30 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Nov. 30, 2020 | ||
Document Transition Report | false | ||
Entity File Number | 333-224041 | ||
Entity Registrant Name | BestGofer Inc. | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 82-5296245 | ||
Entity Address, Address Line One | 401 Ryland St Ste 200-A | ||
Entity Address, City or Town | Reno | ||
Entity Address, State or Province | NV | ||
Entity Address, Postal Zip Code | 89502 | ||
City Area Code | 972 | ||
Local Phone Number | 03-9117987 | ||
Entity Address, Address Description | Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices | ||
Phone Fax Number Description | Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 5,880,000 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Current assets | ||
Cash (trust account) | $ 26,750 | $ 32,350 |
Total current assets | 26,750 | 32,350 |
Total assets | 26,750 | 32,350 |
Current liabilities | ||
Accounts payable | 8,600 | 700 |
Due to related party | 0 | 10,106 |
Total current liabilities | 8,600 | 10,806 |
Stockholders' equity (deficit) | ||
Common stock: $0.001 par value, 75,000,000 shares authorized,5,880,000 shares issued and outstanding as of November 30, 2020 and November 30, 2019 respectively | 5,880 | 5,880 |
Additional paid-in capital | 75,226 | 65,120 |
Accumulated deficit | (62,956) | (49,456) |
Total stockholders' equity | 18,150 | 21,544 |
Total liabilities and stockholders' equity | $ 26,750 | $ 32,350 |
CONDENSED BALANCE SHEETS - Pare
CONDENSED BALANCE SHEETS - Parenthetical - $ / shares | Nov. 30, 2020 | Nov. 30, 2019 |
Details | ||
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 | 5,880,000 | 5,880,000 |
Common Stock, Shares, Outstanding | 5,880,000 | 5,880,000 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Details | ||
Revenue | $ 0 | $ 0 |
Expenses | ||
General and administration | 7,900 | 17,100 |
Professional fees | 5,600 | 5,000 |
Total expenses | 13,500 | 22,100 |
Net loss | $ (13,500) | $ (22,100) |
Basic and diluted loss per common share | $ (0.002) | $ (0.005) |
Weighted average number of common shares outstanding - basic and diluted | 5,880,000 | 4,782,082 |
CONDENSED STATEMENTS OF STOCKHO
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY(DEFICIT) - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | Total |
Equity balance at Nov. 30, 2018 | $ 3,800 | $ 15,200 | $ (27,356) | $ (8,356) |
Equity balance, Shares at Nov. 30, 2018 | 3,800,000 | |||
Common stock issued for cash | $ 2,080 | 49,920 | 0 | 52,000 |
Common stock issued for cash | 2,080,000 | |||
Net loss | $ 0 | 0 | (22,100) | $ (22,100) |
Equity balance, Shares at Nov. 30, 2019 | 5,880,000 | 5,880,000 | ||
Equity balance at Nov. 30, 2019 | $ 5,880 | 65,120 | (49,456) | $ 21,544 |
Debt forgiveness of Related party debt | 0 | 10,106 | 0 | 10,106 |
Net loss | $ 0 | 0 | (13,500) | $ (13,500) |
Equity balance, Shares at Nov. 30, 2020 | 5,880,000 | 5,880,000 | ||
Equity balance at Nov. 30, 2020 | $ 5,880 | $ 75,226 | $ (62,956) | $ 18,150 |
CONDENSED STATEMENT OF CASH FLO
CONDENSED STATEMENT OF CASH FLOWS - USD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Cash flow from operating activities | ||
Net loss | $ (13,500) | $ (22,100) |
Changes in Operating Assets and Liabilities: | ||
(Increase) decrease in accounts payable | 7,900 | 700 |
Net cash used in operating activities | (5,600) | (21,400) |
Cash flows from investing activities | 0 | 0 |
Cash flow from financing activities | ||
Proceeds from common stock issue | 0 | 52,000 |
Proceeds from related party debt | 0 | 25,099 |
Repayment of related party due | 0 | (24,793) |
Net cash provided by financing activities | 0 | 52,306 |
Net increase/(decrease) in cash | (5,600) | 30,906 |
Cash at beginning of period | 32,350 | 1,444 |
Cash at end of period | 26,750 | 32,350 |
Supplemental cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
NON-CASH FINANCING AND INVESTING ACTIVITIES: | ||
Debt forgiven by related party | $ 10,106 | $ 0 |
NOTE A - SUMMARY OF SIGNIFICANT
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies of BestGofer Inc. (the Company) is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying financial statements. These financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. The Company has not realized revenues from its planned principal business purpose. Organization, Nature of Business and Trade Name BestGofer Inc. was incorporated in the State of Nevada in October 2017, with the purpose of developing a consumer delivery system. The Company’s principal office is in Dimona, Israel. The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to operationalize the Company’s website and apps before another company develops similar websites or apps. Basis of Presentation The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows at November 30, 2020 and for the related periods presented. Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. The Company has been in the developmental stage since inception and has no operations to date. The Company currently does not have any property and equipment. The above accounting policies will be adopted upon the Company maintains property and equipment. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. 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. Revenue recognition The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”. Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured. The Company recognizes revenues on sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer. Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. As of November 30, 2020, the carrying value of loans that are required to be measured at fair value, approximated fair value due to the short-term nature and maturity of these instruments. Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in managements’ estimates or assumptions could have a material impact on BestGofer Inc.’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. BestGofer Inc.’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. Capital Stock The Company has authorized seventy-five million (75,000,000) shares of common stock with a par value of $0.001. Five million eight hundred and eighty thousand (5,880,000) shares of common stock were issued and outstanding as of November 30, 2020. Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. |
NOTE B - GOING CONCERN
NOTE B - GOING CONCERN | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE B - GOING CONCERN | NOTE B – GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the Business paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with app development. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. In the past year, the Company funded operations by using cash proceeds received through the issuance of common stock. For the coming year, the Company plans to continue to fund the Company through debt and securities sales and issuances until the company generates enough revenues through the operations as stated above. |
NOTE C - COMMON STOCK
NOTE C - COMMON STOCK | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE C - COMMON STOCK | NOTE C – COMMON STOCK On October 11, 2017, Company issued 1,900,000 Restricted Common Shares to Levi Yehuda, director of the company at $0.005 per share for cash proceeds of $9,500. On October 11, 2017, Company issued 1,900,000 Restricted Common Shares to Abotbol Gal, Secretary/President of the company at $0.005 per share for cash proceeds of $9,500. During the year ended November 30, 2019, 2,080,000 shares were issued at $0.001 per share for $52,000 in cash. As on November 30, 2020 and November 30, 2019, 5,880,000 shares were issued and outstanding. |
NOTE D - RELATED PARTY TRANSACT
NOTE D - RELATED PARTY TRANSACTIONS | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE D - RELATED PARTY TRANSACTIONS | NOTE D – RELATED PARTY TRANSACTIONS On October 11, 2017, Company issued 1,900,000 Restricted Common Shares to Levi Yehuda, director of the company at $0.005 per share for cash proceeds of $9,500. (Refer Note C) On October 11, 2017, Company issued 1,900,000 Restricted Common Shares to Abotbol Gal, Secretary/President of the company at $0.005 per share for cash proceeds of $9,500. (Refer Note C) On May 23, 2018, Company received $9,800 from Abotbol Gal, Secretary/President of the company as a loan. These loans were unsecured, noninterest bearing and due on demand. On February 05, 2019, Company received $24,793 from Abotbol Gal, Secretary/President of the company as a loan and it was repaid on March 26, 2019. These loans were unsecured, noninterest bearing and due on demand. On August 20,2020, Abotbol Gal has forgiven his Related party debt of $10,106. As of November 30, 2020, and November 30, 2019, due to related party is $0 and $10,106 respectively. |
NOTE E - INCOME TAXES
NOTE E - INCOME TAXES | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE E - INCOME TAXES | NOTE E – INCOME TAXES For the year ended November 30, 2020, the Company has incurred net losses and therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $62,956 at November 30, 2020 and will expire beginning in the year 2037. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% and 21% to the net loss before provision for income taxes as follows: For the year ended November 30, 2020 For the year ended November 30, 2019 Income tax expense (benefit) at statutory rate (2,835 ) (4,641 ) Change in valuation allowance 2,835 4,641 Income tax expense - - Net deferred tax assets consist of the following components as of November 30, 2020 and 2019: November 30, 2020 November 30, 2019 Gross deferred tax asset 13,221 10,386 Valuation allowance (13,221) (10,386 ) Net deferred tax asset - - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $62,956 for federal income tax reporting purposes could be subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. The Company has no uncertain tax positions that require the Company to record a liability. The Company had no accrued penalties and interest related to taxes as of November 30, 2020. |
NOTE F - SUBSEQUENT EVENT
NOTE F - SUBSEQUENT EVENT | 12 Months Ended |
Nov. 30, 2020 | |
Notes | |
NOTE F - SUBSEQUENT EVENT | NOTE F – SUBSEQUENT EVENT The Company evaluated all events or transactions that occurred after November 30, 2020 through November 2, 2021. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the year ended November 30, 2020. |
NOTE A - SUMMARY OF SIGNIFICA_2
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Organization, Nature of Business and Trade Name (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Organization, Nature of Business and Trade Name | Organization, Nature of Business and Trade Name BestGofer Inc. was incorporated in the State of Nevada in October 2017, with the purpose of developing a consumer delivery system. The Company’s principal office is in Dimona, Israel. The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to operationalize the Company’s website and apps before another company develops similar websites or apps. |
NOTE A - SUMMARY OF SIGNIFICA_3
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Basis of Presentation | Basis of Presentation The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows at November 30, 2020 and for the related periods presented. |
NOTE A - SUMMARY OF SIGNIFICA_4
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Property and Equipment | Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. The Company has been in the developmental stage since inception and has no operations to date. The Company currently does not have any property and equipment. The above accounting policies will be adopted upon the Company maintains property and equipment. |
NOTE A - SUMMARY OF SIGNIFICA_5
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. |
NOTE A - SUMMARY OF SIGNIFICA_6
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
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. |
NOTE A - SUMMARY OF SIGNIFICA_7
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue recognition (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Revenue recognition | Revenue recognition The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”. Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured. The Company recognizes revenues on sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer. |
NOTE A - SUMMARY OF SIGNIFICA_8
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. As of November 30, 2020, the carrying value of loans that are required to be measured at fair value, approximated fair value due to the short-term nature and maturity of these instruments. |
NOTE A - SUMMARY OF SIGNIFICA_9
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Advertising (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Advertising | Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. |
NOTE A - SUMMARY OF SIGNIFIC_10
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Use of Estimates | Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in managements’ estimates or assumptions could have a material impact on BestGofer Inc.’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. BestGofer Inc.’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. |
NOTE A - SUMMARY OF SIGNIFIC_11
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Capital Stock (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Capital Stock | Capital Stock The Company has authorized seventy-five million (75,000,000) shares of common stock with a par value of $0.001. Five million eight hundred and eighty thousand (5,880,000) shares of common stock were issued and outstanding as of November 30, 2020. |
NOTE A - SUMMARY OF SIGNIFIC_12
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Policies | |
Income Taxes | Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. |
NOTE A - SUMMARY OF SIGNIFIC_13
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property, Plant and Equipment (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Tables/Schedules | |
Property, Plant and Equipment | Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years |
NOTE E - INCOME TAXES_ Schedule
NOTE E - INCOME TAXES: Schedule of Provision for Income Tax Expense (Benefit) (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Tables/Schedules | |
Schedule of Provision for Income Tax Expense (Benefit) | The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% and 21% to the net loss before provision for income taxes as follows: For the year ended November 30, 2020 For the year ended November 30, 2019 Income tax expense (benefit) at statutory rate (2,835 ) (4,641 ) Change in valuation allowance 2,835 4,641 Income tax expense - - |
NOTE E - INCOME TAXES_ Schedu_2
NOTE E - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Tables/Schedules | |
Schedule of Deferred Tax Assets and Liabilities | Net deferred tax assets consist of the following components as of November 30, 2020 and 2019: November 30, 2020 November 30, 2019 Gross deferred tax asset 13,221 10,386 Valuation allowance (13,221) (10,386 ) Net deferred tax asset - - |
NOTE A - SUMMARY OF SIGNIFIC_14
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property, Plant and Equipment (Details) | Nov. 30, 2020 |
Office Equipment | Minimum | |
Estimated Useful Lives | 5 years |
Office Equipment | Maximum | |
Estimated Useful Lives | 10 years |
Copier | Minimum | |
Estimated Useful Lives | 5 years |
Copier | Maximum | |
Estimated Useful Lives | 7 years |
Vehicles | Minimum | |
Estimated Useful Lives | 5 years |
Vehicles | Maximum | |
Estimated Useful Lives | 10 years |
NOTE A - SUMMARY OF SIGNIFIC_15
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Capital Stock (Details) - $ / shares | Nov. 30, 2020 | Nov. 30, 2019 |
Details | ||
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 | 5,880,000 | 5,880,000 |
Common Stock, Shares, Outstanding | 5,880,000 | 5,880,000 |
NOTE C - COMMON STOCK (Details)
NOTE C - COMMON STOCK (Details) - USD ($) | Nov. 30, 2020 | Oct. 11, 2017 | Nov. 30, 2020 | Nov. 30, 2019 |
Common stock issued for cash | 2,080,000 | |||
Sale of Stock, Price Per Share | $ 0.001 | $ 0.001 | ||
Proceeds from common stock issue | $ 52,000 | $ 0 | $ 52,000 | |
Common Stock, Shares, Issued | 5,880,000 | 5,880,000 | 5,880,000 | |
Common Stock, Shares, Outstanding | 5,880,000 | 5,880,000 | 5,880,000 | |
Levi Yehuda | Restricted Stock | ||||
Common stock issued for cash | 1,900,000 | |||
Sale of Stock, Price Per Share | $ 0.005 | |||
Proceeds from common stock issue | $ 9,500 | |||
Abotbol Gal | Restricted Stock | ||||
Common stock issued for cash | 1,900,000 | |||
Sale of Stock, Price Per Share | $ 0.005 | |||
Proceeds from common stock issue | $ 9,500 |
NOTE D - RELATED PARTY TRANSA_2
NOTE D - RELATED PARTY TRANSACTIONS (Details) - USD ($) | Nov. 30, 2020 | Aug. 20, 2020 | Feb. 05, 2019 | May 23, 2018 | Oct. 11, 2017 | Nov. 30, 2020 | Nov. 30, 2019 |
Common stock issued for cash | 2,080,000 | ||||||
Sale of Stock, Price Per Share | $ 0.001 | $ 0.001 | |||||
Proceeds from common stock issue | $ 52,000 | $ 0 | $ 52,000 | ||||
Proceeds from related party debt | 0 | 25,099 | |||||
Debt forgiven by related party | 10,106 | 0 | |||||
Due to related party | $ 0 | $ 0 | $ 10,106 | ||||
Levi Yehuda | Restricted Stock | |||||||
Common stock issued for cash | 1,900,000 | ||||||
Sale of Stock, Price Per Share | $ 0.005 | ||||||
Proceeds from common stock issue | $ 9,500 | ||||||
Abotbol Gal | |||||||
Debt forgiven by related party | $ 10,106 | ||||||
Abotbol Gal | Loans Payable | |||||||
Proceeds from related party debt | $ 24,793 | $ 9,800 | |||||
Debt Instrument, Description | These loans were unsecured, noninterest bearing and due on demand. | These loans were unsecured, noninterest bearing and due on demand. | |||||
Abotbol Gal | Restricted Stock | |||||||
Common stock issued for cash | 1,900,000 | ||||||
Sale of Stock, Price Per Share | $ 0.005 | ||||||
Proceeds from common stock issue | $ 9,500 |
NOTE E - INCOME TAXES (Details)
NOTE E - INCOME TAXES (Details) | Nov. 30, 2020USD ($) |
Details | |
Operating Loss Carryforwards | $ 62,956 |
Operating Loss Carryforwards, Limitations on Use | will expire beginning in the year 2037. |
NOTE E - INCOME TAXES_ Schedu_3
NOTE E - INCOME TAXES: Schedule of Provision for Income Tax Expense (Benefit) (Details) - USD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Details | ||
Effective Income Tax Rate Reconciliation, Percent | 21.00% | 21.00% |
Income tax expense (benefit) at statutory rate | $ (2,835) | $ (4,641) |
Change in valuation allowance | 2,835 | 4,641 |
Income tax expense | $ 0 | $ 0 |
NOTE E - INCOME TAXES_ Schedu_4
NOTE E - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Details | ||
Gross deferred tax asset | $ 13,221 | $ 10,386 |
Valuation allowance | (13,221) | (10,386) |
Net deferred tax asset | $ 0 | $ 0 |