Afrika4u 10-Q 22 Jan 19 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	May 31, 2018	Jan. 22, 2019
Document And Entity Information
Entity Registrant Name	AFRIKA4U
Entity Central Index Key	1,727,815
Document Type	10-Q
Document Period End Date	May 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Is Entity's Reporting Status Current?	No
Is Entity Emerging Growth Company?	true
Entity Ex Transition Period	true
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Common Stock, Shares Outstanding		10,000,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	May 31, 2018	Aug. 31, 2017
Statement of Financial Position [Abstract]
TOTAL ASSETS
CURRENT LIABILITIES
Accounts payable and accrued liabilities		1,000
Loan from related party	4,144	1,613
TOTAL CURRENT LIABILITIES	4,144	2,613
STOCKHOLDERS' EQUITY (DEFICIT)
Capital stock, Authorized, 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding 10,000,000 shares at May 31, 2018 and August 31, 2017	10,000	10,000
Subscription Receivable		(10,000)
Accumulated Deficit	(14,144)	(2,613)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	(4,144)	(2,613)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	May 31, 2018	Aug. 31, 2017
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common Stock, Shares Issued	10,000,000	10,000,000
Common stock, shares outstanding	10,000,000	10,000,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
	May 31, 2018	May 31, 2018
EXPENSES
Office and general	$ 1,034	$ 1,531
Professional Fees	2,000	10,000
Total Expenses, before provision of income taxes	3,034	11,531
Provision for income taxes
NET LOSS	$ (3,034)	$ (11,531)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	10,000,000	10,000,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS (Unaudited)	9 Months Ended
	May 31, 2018USD ($)
OPERATING ACTIVITIES
Net loss	$ (11,531)
Adjustment to reconcile net loss to net cash used in operating activities:
Expenses paid on company's behalf by related party
Decrease in accounts payable	(1,000)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(12,531)
FINANCING ACTIVITIES
Proceeds from subscription receivable	10,000
Loan from related party	2,531
NET CASH PROVIDED BY FINANCING ACTIVITIES	12,531
NET INCREASE (DECREASE) IN CASH
CASH, BEGINNING OF PERIOD
CASH, END OF PERIOD
Supplemental cash flow information and noncash financing activities:
Cash paid for: Interest
Cash paid for: Income taxes

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 1 - CONDENSED FINANCIAL STATEMENTS	The Company was incorporated in the State of Nevada as a for-profit Company on August 4, 2017 and established a fiscal year end of August 31. The Company intends to export leather shoes and leather bags as fashion accessories, to the US. In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders’ equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions. Interim results are not necessarily indicative of results for a full year.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 2 - BASIS OF PRESENTATION	The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form S-1. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended August 31, 2017 included in the Company’s S-1 filed with the Securities and Exchange Commission on January 19, 2018. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2018 are not necessarily indicative of the results that may be expected for the year ending August 31, 2018.

GOING CONCERN

GOING CONCERN	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 3 - GOING CONCERN	The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $14,144, an accumulated deficit of $14,144. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founder’s shares. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, and Edgarizing costs

CAPITAL STOCK

CAPITAL STOCK	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 4 - CAPITAL STOCK	The Company’s capitalization is 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. On August 7, 2017 the Company issued 10,000,000 Founder's shares for cash at $0.001 per share. On May 31, 2018, the Company decreased the loan amount $10,000 from Charl Fredrick Coertzen, the Founder, as received $10,000 subscription receivable. As of May 31, 2018, the Company has not granted any stock options and has not recorded any stock-based compensation. As of May 31, 2018, 10,000,000 common shares issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 5 - RELATED PARTY TRANSACTIONS	During this period, Charl Fredrick Coertzen, President, paid $12,531 on behalf of the Company. On May 31, 2018 the Company decreased the loan amount $10,000 as money received of subscription receivable. As of May 31, 2018, loans from a related party were $4,144. The loans are payable on demand, unsecured and without interest.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 6 - RECENT ACCOUNTING PRONOUNCEMENTS	The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	May 31, 2018
Notes to Financial Statements
NOTE 7 - SUBSEQUENT EVENTS	During the 4 th During September 2018, the Company received $3,195 from 24 individuals for 79,875 common stock issued at $0.04. On October 16, 2018, the Company effected a 312:1 Forward Stock Split of all issued and outstanding shares of the Company’s common stock. The Effected date is the date not later than 10 days after notifying the Nevada Secretary of the State. On October 25, 2018, the Company borrowed $4,405 cash from Charl Fredrick Coertzen, President of the Company. The loans are payable on demand, unsecured and without interest.

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS (Details Narrative)	9 Months Ended
	May 31, 2018
Condensed Financial Statements
State of incorporation	Nevada
Date of incorporation	Aug. 4, 2017

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	May 31, 2018	Aug. 31, 2017
Going Concern
Accumulated deficit	$ (14,144)	$ (2,613)
Working capital deficit	$ (14,144)

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2018	Aug. 07, 2018	Aug. 31, 2017
Common stock, par value	$ 0.001		$ 0.001
Common stock, shares authorized	75,000,000		75,000,000
Common stock, shares issued	10,000,000		10,000,000
Common stock, shares outstanding	10,000,000		10,000,000
Proceeds from subscription receivable	$ 10,000
Charl Fredrick Coertzen [Member]
Repayment of related party debt	$ 10,000
Founder [Member]
Common stock, par value		$ 0.001
Common stock, shares issued		10,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	9 Months Ended
	May 31, 2018USD ($)
Loan from related party	$ 2,531
President [Member]
Loan from related party	4,144
Charl Fredrick Coertzen [Member]
Due to related party	12,531
Repayment of related party debt	$ 10,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended		3 Months Ended
	Oct. 16, 2018	Sep. 30, 2018USD ($)Integer$ / sharesshares	Aug. 31, 2018USD ($)	Oct. 25, 2018USD ($)	May 31, 2018shares	Aug. 31, 2017shares
Common stock, shares issued | shares					10,000,000	10,000,000
Subsequent Event [Member]
Forward stock split	312:1
Subsequent Event [Member] | Individual [Member]
Proceeds from issuance of common stock		$ 3,195
Number of individuals | Integer		24
Common stock, shares issued | shares		79,875
Common stock, per share | $ / shares		$ 0.04
Subsequent Event [Member] | Charl Fredrick Coertzen [Member]
Due from related party			$ 1,311	$ 4,405
Expenses paid on behalf company			$ 300