Cover
Cover - USD ($) | 12 Months Ended | ||
Jan. 31, 2023 | May 15, 2023 | Jul. 31, 2022 | |
Cover [Abstract] | |||
Entity Registrant Name | Starguide Group, Inc. | ||
Entity Central Index Key | 0001803096 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --01-31 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | true | ||
Entity Emerging Growth Company | true | ||
Entity Current Reporting Status | Yes | ||
Document Period End Date | Jan. 31, 2023 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Entity Ex Transition Period | false | ||
Entity Common Stock Shares Outstanding | 2,868,000 | ||
Entity Public Float | $ 868,000 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 333-237681 | ||
Entity Incorporation State Country Code | NV | ||
Entity Tax Identification Number | 61-1817627 | ||
Entity Address Address Line 1 | 300 E 2nd St | ||
Entity Address Address Line 2 | Ste 1510 PMB 5010 | ||
Entity Address City Or Town | Reno | ||
Entity Address State Or Province | NV | ||
Entity Address Postal Zip Code | 89501 | ||
City Area Code | 702 | ||
Local Phone Number | 664-0097 | ||
Icfr Auditor Attestation Flag | true | ||
Auditor Firm Id | 6108 | ||
Auditor Name | MICHAEL GILLESPIE & ASSOCIATES, PLLC | ||
Auditor Location | Vancouver, Washington |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Jan. 31, 2023 | Jan. 31, 2022 |
Current assets: | ||
Cash | $ 2,933 | $ 1,805 |
Total current assets | 2,933 | 1,805 |
Property and equipment, net | 83,202 | 398 |
Goodwill | 26,319 | 0 |
Total Assets | 112,454 | 2,203 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 11,927 | 0 |
Due to related parties | 145,678 | 10,667 |
Total Current liabilities | 157,605 | 10,667 |
Total Liabilities | 157,605 | 10,667 |
Stockholders' Deficit: | ||
Common stock, $0.001 par value, 75,000,000 shares authorized; 2,868,000 shares issued and outstanding | 2,868 | 2,868 |
Additional paid-in capital | 35,839 | 25,172 |
Accumulated deficit | (78,327) | (36,504) |
Accumulated other comprehensive loss | (175) | 0 |
Total deficit attributed to Starguide Group, Inc. | (39,795) | (8,464) |
Deficit attributed to non-controlling interest | (5,356) | 0 |
Total Stockholders' Deficit | (45,151) | (8,464) |
Total Liabilities and Stockholders' Deficit | $ 112,454 | $ 2,203 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jan. 31, 2023 | Jan. 31, 2022 |
CONSOLIDATED BALANCE SHEETS | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 2,868,000 | 2,868,000 |
Common Stock, Shares Outstanding | 2,868,000 | 2,868,000 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
CONSOLIDATED STATEMENTS OF OPERATIONS | ||
Revenue | $ 0 | $ 0 |
Operating expenses | ||
General and administrative expenses | 36,520 | 25,865 |
Management salaries - related party | 8,000 | 0 |
Total operating expenses | 44,520 | 25,865 |
Loss from operations | (44,520) | (25,865) |
Other income (expense): | ||
Other income | 106 | 0 |
Foreign exchange transaction loss | (141) | 0 |
Total other income (expense) | (35) | 0 |
Loss before income taxes | (44,555) | (25,865) |
Income tax provision | 0 | 0 |
Net Loss | (44,555) | (25,865) |
Less: Net loss attributable to non-controlling interest | 2,732 | 0 |
Net loss attributable to Starguide Group, Inc | (41,823) | (25,865) |
Comprehensive loss | ||
Net Loss | (44,555) | (25,865) |
Foreign currency adjustment | 219 | 0 |
Total comprehensive loss | (44,774) | (25,865) |
Less: Comprehensive income attributable to noncontrolling interests | 44 | 0 |
Net comprehensive loss attributed to stockholders of Starguide Group, Inc. | $ (44,730) | $ (25,865) |
Basic and diluted net income per common share: | ||
Net income per common share | $ (0.02) | $ (0.01) |
Weighted average number of common shares outstanding | 2,868,000 | 2,864,161 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($) | Total | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Sub Total | Noncontrolling Interest |
Balance, shares at Jan. 31, 2021 | 2,750,000 | ||||||
Balance, amount at Jan. 31, 2021 | $ 13,861 | $ 2,750 | $ 21,750 | $ (10,639) | $ 0 | $ 13,861 | $ 0 |
Issuance of common stock for cash, shares | 118,000 | ||||||
Issuance of common stock for cash, amount | 3,540 | $ 118 | 3,422 | 0 | 0 | 3,540 | 0 |
Net loss | (25,865) | $ 0 | 0 | (25,865) | 0 | (25,865) | 0 |
Balance, shares at Jan. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2022 | (8,464) | $ 2,868 | 25,172 | (36,504) | 0 | (8,464) | 0 |
Net loss | (44,555) | 0 | 0 | (41,823) | 0 | (41,823) | (2,732) |
Acquisition of subsidiaries | (2,580) | 0 | 0 | 0 | 0 | 0 | (2,580) |
Loan forgiveness by related party | 10,667 | 0 | 10,667 | 0 | 0 | 10,667 | 0 |
Foreign currency translation adjustments | (219) | $ 0 | 0 | 0 | (175) | (175) | (44) |
Balance, shares at Jan. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2023 | $ (45,151) | $ 2,868 | $ 35,839 | $ (78,327) | $ (175) | $ (39,795) | $ (5,356) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Cash Flows from Operating Activities | ||
Net loss | $ (44,555) | $ (25,865) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 796 | 268 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 0 | 65 |
Accounts payable and accrued liabilities | 3,121 | 0 |
Management salary payable | 4,000 | 0 |
Net cash used in operating activities | (36,638) | (25,532) |
Cash Flows from Investing Activities | ||
Acquisitions of subsidiaries, net of cash acquired | 28,899 | 0 |
Purchase of property, plant and equipment | (83,600) | 0 |
Net cash used in investing activities | (112,499) | 0 |
Cash Flows from Financing Activities | ||
Proceeds from issuance of common stock | 0 | 3,540 |
Proceeds from related parties | 141,678 | 3,000 |
Proceeds from former director | 8,805 | 0 |
Net cash provided by financing activities | 150,483 | 6,540 |
Effect of exchange rate changes on cash | (219) | 0 |
Net change in cash and cash equivalents | 1,128 | (18,992) |
Cash and cash equivalents - beginning of period | 1,805 | 20,797 |
Cash and cash equivalents - end of period | 2,933 | 1,805 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activity: | ||
Debt forgiven by related party | $ 10,667 | $ 0 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 12 Months Ended |
Jan. 31, 2023 | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | |
Organization And Description Of Business | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Starguide Group, Inc. was incorporated in the State of Nevada on February 21, 2017 and established a fiscal year end of January 31. We are still in the development stage and as of today we have no revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the distribution of Indian traditional art and crafts from India to individuals and wholesalers around the world. As of today, we have not identified any party to sell our products. Initially, our sole officer and director, Vicky Sharma will market our products. We intend to hire salespersons with good knowledge and connections in our market. The salesperson’s job would be to find potential customers, and to set up agreements with them. We intend to focus on direct marketing efforts whereby our representative will directly contact. We plan to advertise our service and products on different websites and social networks using context ad. We plan to use internet catalogs and use many online marketing tools to direct traffic to our website and identify potential customers. In addition, we are going to issue monthly printed catalog and send it to our clients. On May 16, 2022, Vicky Sharma, the previous majority shareholder of the Company, entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Northeast International Holdings Limited. As a result of the acquisition, Northeast International Holdings Limited holds approximately 68% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also on May 16, 2022, the previous sole officer and director of the company, Vicky Sharma, resigned his positions with the Company. Upon such resignations, Lu Mei Xian was appointed as Chief Executive Officer, Treasurer and Secretary, and sole Director of the Company. The Company intends to be an incubator of Software as a Service (Saas) startups and is in active discussions with multiple SaaS businesses. The Company’s goal is to identify and locate SaaS businesses with the potential to grow, and to bring them under the Starguide corporate umbrella. On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, a corporation organized in Great Britain located in London, in exchange for sixteen thousand dollars ($16,000) on closing. Live Investments Holdings Ltd. owns 100% of Live Lead Tech Ltd, a cloud-based lead generation software corporation organized in Great Britain located in London. As a result of the acquisition of a majority of the issued and outstanding shares of Live Investments Holdings Ltd, the Company have now assumed Live Investments Holdings Ltd’s business operations as a majority-owned subsidiary and on a consolidated basis. |
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY | 12 Months Ended |
Jan. 31, 2023 | |
GOING CONCERN UNCERTAINTY | |
Going Concern Uncertainty | NOTE 2 – GOING CONCERN UNCERTAINTY As reflected in the accompanying consolidated financial statements, the Company has an accumulated deficit of $78,327 and a net loss of $44,555 for the year ended January 31, 2023. The Company did not generate revenues during the year ended January 31, 2023. These factors among others raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that the current actions to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Jan. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Summary Of Significant Accounting Policies | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States of America. The Company’s fiscal year end is January 31. Basis of Consolidation These consolidated financial statements include the accounts of the Company and its 80% owned subsidiaries of Live Investments Holdings Ltd. which owns 100% of Live Lead Tech Ltd. All material intercompany balances and transactions have been eliminated. Foreign Currency Translations The Company’s functional and reporting currency is the U.S. dollar. The functional currency of Live Investments Holdings Ltd. and Live Lead Tech Ltd. is the Great British Pounds (GBP). All transactions initiated GBP are translated into U.S. dollars in accordance with ASC 830-30, “ 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Year Ended Year Ended January 31, January 31, 2023 2022 Spot GBP: USD exchange rate 1.2319 n/a Average GBP: USD exchange rate 1.2209 n/a 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. Business Combinations In accordance with ASC 805-10, “ Business Combinations Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had no cash equivalents at January 31, 2023 and January 31, 2022. Related Parties We follow ASC 850, “Related Party Disclosures”, Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) Property, Plant and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows: Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. The long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the year ended January 31, 2023 and 2022, no impairment losses have been identified. Impairment of tangible and intangible assets Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset's recoverable amount. The asset's recoverable amount is the higher of an asset's or cash-generating unit's fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets. Goodwill We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. Net Income (Loss) per Share The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the year ended January 31, 2023 and 2022, the Company did not have any dilutive instruments Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company utilizes the Financial Accounting Standards Board’s Accounting Standards Codification Topic 740 related to Income Taxes to account for the uncertainty in income taxes. Topic 740 for Income Taxes clarifies the accounting for uncertainty in income taxes by prescribing rules for recognition, measurement and classification in financial statements of tax positions taken or expected to be in a tax return. Further, it prescribes a two-step process for the financial statement measurement and recognition of a tax position. The first step involves the determination of whether it is more likely than not (greater than 50 percent likelihood) that a tax position will be sustained upon examination, based on the technical merits of the position. The second step requires that any tax position that meets the more likely than not recognition threshold be measured and recognized in the financial statements at the largest amount of benefit that is a greater than 50 percent likelihood of being realized upon ultimate settlement. This topic also provides guidance on the accounting for related interest and penalties, financial statement classification and disclosure. The Company’s policy is that any interest or penalties related to uncertain tax positions are recognized in income tax expense when incurred. The Company has no uncertain tax positions or related interest or penalties requiring accrual at January 31, 2023 (see Note 9). Lease The Company entered into an office lease agreement in Great Britain for an one-year term starting from December 2022 and expired in November 2023. In accordance with ASC 842, “ Leases, The office lease meets the definition of a short-term lease because the lease term is 12 months or less without an automatic extension clause. Consequently, consistent with Company’s accounting policy election, the Company does not recognize the right-of-use asset and the lease liability arising from this lease. Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective February 1, 2021 and there was no material impact on the Company’s financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
ACQUISITIONS
ACQUISITIONS | 12 Months Ended |
Jan. 31, 2023 | |
ACQUISITIONS | |
Acquisitions | NOTE 4 – ACQUISITIONS On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, a corporation organized in Great Britain located in London, in exchange for sixteen thousand dollars ($16,000) on closing. Live Investments Holdings Ltd owns 100% of Live Lead Tech Ltd, a cloud-based lead generation software corporation organized in Great Britain located in London. As a result of the acquisition of a majority of the issued and outstanding shares of Live Investments Holdings Ltd, the Company have now assumed Live Investments Holdings Ltd’s business operations as a majority-owned subsidiary and on a consolidated basis. The following table summarizes the fair value of the consideration paid by the Company: Total purchase price $ 16,000 Bank 1,404 Equipment 2,810 Prepaid Expense 724 Total identifiable assets 4,938 Due to related parties (17,836 ) Total identifiable liabilities (17,836 ) Net assets (liabilities) (12,898 ) Non-controlling interest (2,580 ) Total net assets (liabilities) (10,319 ) Goodwill $ 26,319 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Jan. 31, 2023 | |
PROPERTY AND EQUIPMENT | |
Property And Equipment | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment at January 31, 2023 and January 31, 2022 consisted of the following: Cost Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 800 $ - $ - $ 800 Additions - 2,800 80,774 83,574 January 31, 2023 $ 800 $ 2,800 $ 80,774 $ 84,374 Accumulated Depreciation Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 402 $ - $ - $ 402 Additions 267 219 284 770 January 31, 2023 $ 669 $ 219 $ 284 $ 1,172 Net book value Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 398 $ - $ - $ 398 January 31, 2023 $ 131 $ 2,581 $ 80,490 $ 83,202 Depreciation expense for the years ended January 31, 2023 and 2022 amounted to $796 and $268, respectively. |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | 12 Months Ended |
Jan. 31, 2023 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | |
Accounts Payable And Accrued Liabilites | NOTE 6 – ACCOUNTS PAYABLE AND ACCRUED LIABILITES Accounts payable and accrued liabilities at January 31, 2023 and January 31, 2022 consisted of the following: January 31, 2023 January 31, 2022 Trade payable $ 3,122 $ - Due to former director 8,805 - $ 11,927 $ - |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jan. 31, 2023 | |
RELATED PARTY TRANSACTIONS | |
Related Party Transactions | NOTE 7 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, the Company has been relying on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. These loans are due on demand and non-interest bearing. During the year ended January 31, 2023 and 2022, the former director of the Company, who resigned on May 16, 2022, advanced $8,805 and $3,000 to the Company to support business operation costs, respectively. In pursuant to the loan waiver agreement entered on February 7, 2022, loan amount of $10,667 was forgiven during the year ended January 31, 2023. As of January 31, 2023, the amount due to the former director was $8,805. During the year ended January 31, 2023, Northeast International Holdings Limited, majority shareholder of the Company upon the change of control on May 16, 2022, advanced $138,513 to the Company which includes operating cost of $41,740, acquisition of software of $80,774 and consideration of $16,000 for the 80% acquisition of Live Investments Holdings Ltd. As of January 31, 2023, the amount due to the majority shareholder of the Company of $138,513. During the year ended January 31, 2023, the director of Live Investments Holding Ltd. advanced $3,165 to the Company to support operation costs. During the year ended January 31, 2023, the Company accrued management salary of $4,000 for January 2023. As of January 31, 2023, the amount due to the director of Live Investments Holding Ltd. was $7,165. As of January 31, 2023 and January 31, 2022, the total amount due to related parties was $145,678 and $10,667, respectively. |
EQUITY
EQUITY | 12 Months Ended |
Jan. 31, 2023 | |
EQUITY | |
Equity | NOTE 8 – EQUITY Authorized Stock The Company’s authorized common stock consists of 75,000,000 shares at $0.001 par value. Common Stock During the year ended January 31, 2022, the Company issued 118,000 shares of its common stock at $0.03 per share for total proceeds of $3,540. As of January 31, 2023 and January 31, 2022, the issued and outstanding common stock was 2,868,000 shares. |
INCOME TAX
INCOME TAX | 12 Months Ended |
Jan. 31, 2023 | |
INCOME TAX | |
Income Tax | NOTE 9 – INCOME TAX The Company provides for income taxes under ASC 740, “ Income Taxes.” The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory federal income tax rate at 21% and Great Britain income tax rate at 25% to the income tax amount recorded for the years ended January 31, 2023 and 2022 is as follows: Year Ended Year Ended January 31, 2023 January 31, 2022 USA UK Total USA UK Total Net operating loss carryforward $ (56,758 ) $ (13,662 ) $ (70,420 ) $ (25,865 ) $ - $ (25,865 ) Statutory tax rate 21 % 25 % 22 % 21 % 25 % 21 % Deferred tax asset (11,919 ) (3,416 ) (15,335 ) (5,432 ) - (5,432 ) Less: Valuation allowance 11,919 3,416 15,335 5,432 - 5,432 Net deferred asset $ - $ - $ - $ - $ - $ - As of January 31, 2023, the Company has approximately $70,420 of net operating losses (“NOL”) generated to January 31, 2023 carried forward to offset taxable income in future years which expire commencing in fiscal 2023. NOLs generated in the United States for tax years prior to December 31, 2017, can be carried forward for twenty years, whereas NOLs generated after December 31, 2017 can be carried forward indefinitely in USA and can be carried forward for four years in Great Britain. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred 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 tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax assets relating to NOLs for every period because it is more likely than not that all of the deferred tax assets will not be realized. Utilization of the NOL carry forwards may be subject to an annual limitation due to ownership change limitations that may have occurred or that could occur in the future, as required by Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). These ownership changes may limit the amount of the NOL carry forwards that can be utilized annually to offset future taxable income and tax, respectively. In general, an “ownership change” as defined by Section 382 of the Code results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percentage points of the outstanding stock of a company by certain stockholders. Tax returns for the years ended 2018 through 2023 are subject to review by the tax authorities. |
RISKS AND UNCERTAINTIES
RISKS AND UNCERTAINTIES | 12 Months Ended |
Jan. 31, 2023 | |
RISKS AND UNCERTAINTIES | |
Risks And Uncertainties | NOTE 10 – RISKS AND UNCERTAINTIES In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at January 31, 2023. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future. The Company is not may |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Jan. 31, 2023 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to January 31, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Jan. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis Of Presentation | The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States of America. The Company’s fiscal year end is January 31. |
Basis of Consolidation | These consolidated financial statements include the accounts of the Company and its 80% owned subsidiaries of Live Investments Holdings Ltd. which owns 100% of Live Lead Tech Ltd. All material intercompany balances and transactions have been eliminated. |
Foreign Currency Translations | The Company’s functional and reporting currency is the U.S. dollar. The functional currency of Live Investments Holdings Ltd. and Live Lead Tech Ltd. is the Great British Pounds (GBP). All transactions initiated GBP are translated into U.S. dollars in accordance with ASC 830-30, “ 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Year Ended Year Ended January 31, January 31, 2023 2022 Spot GBP: USD exchange rate 1.2319 n/a Average GBP: USD exchange rate 1.2209 n/a |
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. |
Business Combinations | In accordance with ASC 805-10, “ Business Combinations |
Cash and Cash Equivalents | Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had no cash equivalents at January 31, 2023 and January 31, 2022. |
Related Parties | We follow ASC 850, “Related Party Disclosures”, |
Fair Value Of Financial Instruments | The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) |
Property, Plant and Equipment | Property and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows: Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. The long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the year ended January 31, 2023 and 2022, no impairment losses have been identified. |
Impairment of tangible and intangible assets | Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset's recoverable amount. The asset's recoverable amount is the higher of an asset's or cash-generating unit's fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets. |
Goodwill | We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. |
Net Income (Loss) per Share | The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the year ended January 31, 2023 and 2022, the Company did not have any dilutive instruments |
Income Taxes | The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company utilizes the Financial Accounting Standards Board’s Accounting Standards Codification Topic 740 related to Income Taxes to account for the uncertainty in income taxes. Topic 740 for Income Taxes clarifies the accounting for uncertainty in income taxes by prescribing rules for recognition, measurement and classification in financial statements of tax positions taken or expected to be in a tax return. Further, it prescribes a two-step process for the financial statement measurement and recognition of a tax position. The first step involves the determination of whether it is more likely than not (greater than 50 percent likelihood) that a tax position will be sustained upon examination, based on the technical merits of the position. The second step requires that any tax position that meets the more likely than not recognition threshold be measured and recognized in the financial statements at the largest amount of benefit that is a greater than 50 percent likelihood of being realized upon ultimate settlement. This topic also provides guidance on the accounting for related interest and penalties, financial statement classification and disclosure. The Company’s policy is that any interest or penalties related to uncertain tax positions are recognized in income tax expense when incurred. The Company has no uncertain tax positions or related interest or penalties requiring accrual at January 31, 2023 (see Note 9). |
Lease | The Company entered into an office lease agreement in Great Britain for an one-year term starting from December 2022 and expired in November 2023. In accordance with ASC 842, “ Leases, The office lease meets the definition of a short-term lease because the lease term is 12 months or less without an automatic extension clause. Consequently, consistent with Company’s accounting policy election, the Company does not recognize the right-of-use asset and the lease liability arising from this lease. |
Recently Issued Accounting Pronouncements | In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective February 1, 2021 and there was no material impact on the Company’s financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Jan. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Summary Of foreign currency transactions | Year Ended Year Ended January 31, January 31, 2023 2022 Spot GBP: USD exchange rate 1.2319 n/a Average GBP: USD exchange rate 1.2209 n/a |
Summary Of Property, Plant and Equipment usiful life | Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years |
ACQUISITIONS (Tables)
ACQUISITIONS (Tables) | 12 Months Ended |
Jan. 31, 2023 | |
ACQUISITIONS | |
Summary Of Fair value Consideration Paid | Total purchase price $ 16,000 Bank 1,404 Equipment 2,810 Prepaid Expense 724 Total identifiable assets 4,938 Due to related parties (17,836 ) Total identifiable liabilities (17,836 ) Net assets (liabilities) (12,898 ) Non-controlling interest (2,580 ) Total net assets (liabilities) (10,319 ) Goodwill $ 26,319 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Jan. 31, 2023 | |
PROPERTY AND EQUIPMENT | |
Schedule Of Property And Equipment | Cost Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 800 $ - $ - $ 800 Additions - 2,800 80,774 83,574 January 31, 2023 $ 800 $ 2,800 $ 80,774 $ 84,374 Accumulated Depreciation Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 402 $ - $ - $ 402 Additions 267 219 284 770 January 31, 2023 $ 669 $ 219 $ 284 $ 1,172 Net book value Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 398 $ - $ - $ 398 January 31, 2023 $ 131 $ 2,581 $ 80,490 $ 83,202 |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED LIABILITES (Tables) | 12 Months Ended |
Jan. 31, 2023 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | |
Schedule Of Accounts Payable And Accrued Liabilites | January 31, 2023 January 31, 2022 Trade payable $ 3,122 $ - Due to former director 8,805 - $ 11,927 $ - |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Jan. 31, 2023 | |
INCOME TAX | |
Summary Of Deferred Tax Assets | Year Ended Year Ended January 31, 2023 January 31, 2022 USA UK Total USA UK Total Net operating loss carryforward $ (56,758 ) $ (13,662 ) $ (70,420 ) $ (25,865 ) $ - $ (25,865 ) Statutory tax rate 21 % 25 % 22 % 21 % 25 % 21 % Deferred tax asset (11,919 ) (3,416 ) (15,335 ) (5,432 ) - (5,432 ) Less: Valuation allowance 11,919 3,416 15,335 5,432 - 5,432 Net deferred asset $ - $ - $ - $ - $ - $ - |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | 1 Months Ended | |
Dec. 08, 2022 | May 16, 2022 | |
Equity ownership percentage | 80% | |
Northeast International Holdings Limited [Member] | ||
Acquisition percentage of issued and outstanding shares of common stock | 68% | |
Live Investments Holdings [Member] | ||
Acquisition percentage of issued and outstanding shares of common stock | 80% | |
Exchange price | $ 16,000 | |
Equity ownership percentage | 100% | |
Stock Purchase Agreement [Member] | ||
Sale of common stock shares | 2,000,000 |
GOING CONCERN UNCERTAINTY (Deta
GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
GOING CONCERN UNCERTAINTY | ||
Accumulated Deficit | $ (78,327) | $ (36,504) |
Net loss | $ (44,555) | $ (25,865) |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - $ / shares | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Spot GBP USD Exchange Rate [Member] | ||
Exchange rate | $ 1.2319 | $ 0 |
Average GBP USD Exchange Rate [Member] | ||
Exchange rate | $ 1.2209 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) | 12 Months Ended |
Jan. 31, 2023 | |
Office Equipment [Member] | |
Estimated useful lives of assets | 3 years |
Computer Equipment [Member] | |
Estimated useful lives of assets | 5 years |
Computer Software [Member] | |
Estimated useful lives of assets | 7 years |
SUMMARY OF SIGNIFICANT ACCOUN_6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 12 Months Ended |
Jan. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Description of income taxes likelihood percentage | The first step involves the determination of whether it is more likely than not (greater than 50 percent likelihood) that a tax position will be sustained upon examination, based on the technical merits of the position. The second step requires that any tax position that meets the more likely than not recognition threshold be measured and recognized in the financial statements at the largest amount of benefit that is a greater than 50 percent likelihood of being realized upon ultimate settlement |
ACQUISITIONS (Details)
ACQUISITIONS (Details) | Dec. 08, 2022 USD ($) |
ACQUISITIONS | |
Total purchase price | $ 16,000 |
Bank | 1,404 |
Equipment | 2,810 |
Prepaid Expense | 724 |
Total identifiable assets | 4,938 |
Due to related parties | (17,836) |
Total identifiable liabilities | (17,836) |
Net assets (liabilities) | (12,898) |
Non-controlling interest | (2,580) |
Total net assets (liabilities) | (10,319) |
Goodwill | $ 26,319 |
ACQUISITIONS (Details Narrative
ACQUISITIONS (Details Narrative) | Dec. 08, 2022 USD ($) |
Business acquisition percentage | 80% |
Debt exchange amount | $ 16,000 |
Investments Holdings Ltd [Member] | |
Business acquisition percentage | 100% |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Cost | $ 83,202 | $ 398 |
Office Equipment [Member] | ||
Cost | 800 | 800 |
Additions cost | 0 | |
Accumulated depreciation | 669 | 402 |
Additions depreciation | 267 | |
Net book value | 131 | 398 |
Computer Equipment [Member] | ||
Cost | 2,800 | 0 |
Additions cost | 2,800 | |
Accumulated depreciation | 219 | 0 |
Additions depreciation | 219 | |
Net book value | 2,581 | 0 |
Computer Software [Member] | ||
Cost | 80,774 | 0 |
Additions cost | 80,774 | |
Accumulated depreciation | 284 | 0 |
Additions depreciation | 284 | |
Net book value | 80,490 | 0 |
Total [Member] | ||
Cost | 84,374 | 800 |
Additions cost | 83,574 | |
Accumulated depreciation | 1,172 | 402 |
Additions depreciation | 770 | |
Net book value | $ 83,202 | $ 398 |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
PROPERTY AND EQUIPMENT | ||
Depreciation expense | $ 796 | $ 268 |
ACCOUNTS PAYABLE AND ACCRUED _3
ACCOUNTS PAYABLE AND ACCRUED LIABILITES (Details) - USD ($) | Jan. 31, 2023 | Jan. 31, 2022 |
Accounts payable and accrued liabilities | $ 11,927 | $ 0 |
Trade Payable [Member[ | ||
Accounts payable and accrued liabilities | 3,122 | 0 |
Due to Former Director [Member[ | ||
Accounts payable and accrued liabilities | $ 8,805 | $ 0 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | ||
Jan. 31, 2023 | Feb. 07, 2022 | Jan. 31, 2022 | |
Loans from related parties | $ 145,678 | $ 10,667 | |
Loans from related parties | 145,678 | 10,667 | |
Sole officer and director [Member] | |||
Loans from related parties | 8,805 | $ 3,000 | |
Loan forgiveness by related party | $ 10,667 | ||
Director of Live Investments Holding Ltd. [Member] | |||
Loans from related parties | 3,165 | ||
Loans from related parties | 7,165 | ||
Salary | 4,000 | ||
Due to Former Director [Member[ | |||
Loans from related parties | 8,805 | ||
Northeast International Holdings Limited [Member] | |||
Acquisition of software | 80,774 | ||
Loans from related parties | 138,513 | ||
Operating Expenses | 41,740 | ||
Acquisition of consideration | $ 16,000 | ||
Interest rate | 80% | ||
Amount due to majority shareholder | $ 138,513 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Proceeds From Issuance Of Common Shares | $ 0 | $ 3,540 |
Common Stock, Shares Issued | 2,868,000 | 2,868,000 |
Common Stock, Shares Outstanding | 2,868,000 | 2,868,000 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock Shares [Member] | ||
Proceeds From Issuance Of Common Shares | $ 3,540 | |
Common Stock, Shares Issued | 118,000 | |
Common Stock, Par Value | $ 0.03 |
INCOME TAX (Details)
INCOME TAX (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Deferred Tax Assets: | ||
Net operating loss carryforward | $ (70,420) | $ (25,865) |
Statutory tax rate | 22% | 21% |
Deferred tax asset | $ (15,335) | $ (5,432) |
Less: Valuation Allowance | 15,335 | 5,432 |
Net deferred asset | 0 | 0 |
USA [Member] | ||
Deferred Tax Assets: | ||
Net operating loss carryforward | $ (56,758) | $ (25,865) |
Statutory tax rate | 21% | 21% |
Deferred tax asset | $ (11,919) | $ (5,432) |
Less: Valuation Allowance | 11,919 | 5,432 |
Net deferred asset | 0 | 0 |
UK [Member] | ||
Deferred Tax Assets: | ||
Net operating loss carryforward | $ (13,662) | $ 0 |
Statutory tax rate | 25% | 25% |
Deferred tax asset | $ (3,416) | $ 0 |
Less: Valuation Allowance | 3,416 | 0 |
Net deferred asset | $ 0 | $ 0 |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2023 | Jan. 31, 2022 | |
Net Operating Loss, Offset Period Description | carried forward to offset taxable income in future years which expire commencing in fiscal 2023 | |
Income Tax, Statuary Rate | 22% | 21% |
Statutory federal income tax rate | 21% | |
Net Operating Loss During The Year | $ (70,420) | |
Great Britain [Member] | ||
Income Tax, Statuary Rate | 25% |