Afrika4u 10-Q 12 Sep 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	May 31, 2019	Sep. 06, 2019
Document And Entity Information
Entity Registrant Name	AFRIKA4U
Entity Central Index Key	0001727815
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	May 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		10,079,875

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	May 31, 2019	Aug. 31, 2018
CURRENT ASSETS
Bank	$ 2,690	$ 1,184
TOTAL ASSETS	2,690	1,184
CURRENT LIABILITIES
Accounts payable and accrued liabilities	4,044
Loan from related party	15,660	5,754
TOTAL CURRENT LIABILITIES	19,704	5,754
STOCKHOLDERS? EQUITY (DEFICIT)
Capital stock, Authorized 75,000,000 shares of common stock, $0.001 par value. Issued and outstanding 10,079,875 and 10,000,000 shares at May 31, 2019 and August 31, 2018 respectively.	10,080	10,000
Additional Paid-in Capital	3,115
Accumulated Deficit	(30,209)	(14,570)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	(17,014)	(4,570)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$ 2,690	$ 1,184

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	May 31, 2019	Oct. 10, 2018	Aug. 31, 2018
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares authorized	75,000,000		75,000,000
Common stock, shares par value	$ 0.001	$ 0.04	$ 0.001
Common stock, shares outstanding	10,079,875		10,000,000
Common stock, shares issued	10,079,875	79,875	10,000,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2019	May 31, 2018	May 31, 2019	May 31, 2018
CONDENSED STATEMENT OF OPERATIONS (Unaudited)
Office and general	$ 36	$ 1,034	$ 2,639	$ 1,531
Professional Fees	1,000	2,000	13,000	10,000
Total Expenses, before provision of income taxes	1,036	3,034	15,639	11,531
Provision for income taxes
NET LOSS	$ (1,036)	$ (3,034)	$ (15,639)	$ (11,531)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	10,079,875	10,000,000	10,070,512	10,000,000

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Share Subscriptions Receivable [Member]	Accumulated Deficit
Balance, shares at Aug. 04, 2017
Balance, amount at Aug. 04, 2017
Net Loss	$ (2,613)				$ (2,613)
Founder's shares issued for cash at $0.001 per share, shares		10,000,000
Founder's shares issued for cash at $0.001 per share, amount		$ 10,000		$ (10,000)
Balance, shares at Aug. 31, 2017		10,000,000
Balance, amount at Aug. 31, 2017	$ (2,613)	$ 10,000		$ (10,000)	$ (2,613)
Net Loss	(11,957)				$ (11,957)
Subscription receivable received	$ 10,000			$ 10,000
Balance, shares at Aug. 31, 2018		10,000,000
Balance, amount at Aug. 31, 2018	$ (4,570)	$ 10,000			$ (14,570)
Net Loss	(10,110)				$ (10,110)
79,875 Common shares issued for Cash at $0.04 per share, shares		79,875
79,875 Common shares issued for Cash at $0.04 per share, amount	$ 3,195	$ 80	$ 3,115
Balance, shares at Nov. 30, 2018		10,079,875
Balance, amount at Nov. 30, 2018	$ (11,485)	$ 10,080	$ 3,115		$ (24,680)
Net Loss	$ (4,493)				$ (4,493)
Balance, shares at Feb. 28, 2019		10,079,875
Balance, amount at Feb. 28, 2019	$ (15,978)	$ 10,080	$ 3,115		$ (28,173)
Net Loss	$ (1,036)				$ (1,036)
Balance, shares at May. 31, 2019		10,079,875
Balance, amount at May. 31, 2019	$ (17,014)	$ 10,080	$ 3,115		$ (30,209)

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	May 31, 2019	May 31, 2018
OPERATING ACTIVITIES
Net loss	$ (15,639)	$ (11,531)
Adjustment to reconcile net loss to net cash used in operating activities:
Increase in Payables	2,642	(1,000)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(12,727)	(12,531)
FINANCING ACTIVITIES
Proceeds from sale of common stock	3,195
Subscription Receivable		10,000
Loan from related party	12,314	2,531
NET CASH PROVIDED BY FINANCING ACTIVITIES	15,509	12,531
NET INCREASE (DECREASE) IN CASH	2,782
CASH, BEGINNING OF PERIOD	1,185
CASH, END OF PERIOD	3,967
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, 2019
CONDENSED 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.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	May 31, 2019
BASIS OF PRESENTATION
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 10-Q. 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, 2018 included in the Company’s 10-K filed with the Securities and Exchange Commission filed on January 28, 2019. The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K. 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, 2019 are not necessarily indicative of the results that may be expected for the year ending August 31, 2019.

GOING CONCERN

GOING CONCERN	9 Months Ended
	May 31, 2019
GOING CONCERN
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 $17,014, an accumulated deficit of $30,209. 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, 2019
CAPITAL STOCK
NOTE 4 - CAPITAL STOCK	The Company’s capitalization is 750,000,000 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 October 10, 2018 the Company issued 79,875 common shares at 0.04 per share for cash. 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 will be a date not later than 10 days after notifying the Nevada Secretary of the State. As of the date financial statements were available issued, the Forward Stock Split is not yet effected. As of May 31, 2019, 10,079,875 common shares are issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	May 31, 2019
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	During six months ended May 31, 2019, Charl Fredrick Coertzen, Founder and President of the Company loaned cash $9,906 to the Company. As of May 31, 2019, loans balance is $15,660.The loans are payable on demand, unsecured and without interest.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	May 31, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
NOTE 6 - RECENT ACCOUNTING PRONOUNCEMENTS	On June 18, 2019, the Company loaned $2,040 cash from Charl Fredirck Coertzen, President of the Company. The loans are payable on demand, unsecured and without interest. On July, 2019, the Company loaned $2,020 cash from Charl Fredirck 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, 2019
CONDENSED FINANCIAL STATEMENTS (Details Narrative)
State of incorporation	Nevada
Date of incorporation	Aug. 4, 2017

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	May 31, 2019	Aug. 31, 2018
GOING CONCERN (Details Narrative)
Working capital deficit	$ (17,014)
Accumulated deficit	$ (30,209)	$ (14,570)

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - $ / shares	1 Months Ended
	Oct. 16, 2018	May 31, 2019	Oct. 10, 2018	Aug. 31, 2018	Aug. 07, 2017
Common stock, par value		$ 0.001	$ 0.04	$ 0.001
Common stock, shares authorized		75,000,000		75,000,000
Common stock, shares issued		10,079,875	79,875	10,000,000
Common stock, shares outstanding		10,079,875		10,000,000
Forward stock split	312:1
Founder [Member]
Common stock, par value					$ 0.001
Common stock, shares issued					10,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2019	May 31, 2018	Aug. 31, 2018
Loan from related party	$ 12,314	$ 2,531
Loan balance from related party	15,660		$ 5,754
Charl Fredrick Coertzen [Member]
Loan from related party	9,906
Loan balance from related party	$ 15,660

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
	Jul. 31, 2019	Jun. 18, 2019	May 31, 2019	May 31, 2018
Loan from related party			$ 12,314	$ 2,531
Charl Fredrick Coertzen [Member]
Loan from related party			$ 9,906
Subsequent Event [Member] | Charl Fredrick Coertzen [Member]
Loan from related party	$ 2,020	$ 2,040