10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2017

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from _________ to ________.

Commission file number: 333-209429

UNLEASHED, INC.

(Exact name of registrant as specified in its charter)

Nevada	36-4811250
(State of Incorporation)	(I.R.S. Employer I.D. Number)

Klincová 37, 821 08 Bratislava, Slovakia

(Address of principal executive offices) (Zip Code)

Issuer’s telephone number: +42 123 6760

Securities registered under Section 12 (b) of the Act:

Title of each class to be registered	Name of exchange on which each class is to be registered
None	None

Securities registered under Section 12(g) of the Act:

None

(Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes  ☐ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☐ Yes  ☐ No (Currently inapplicable to Registrant)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer   ☐	Accelerated filer                    ☐
Non-accelerated filer     ☐	Smaller reporting company   ☒
(Do not check if a smaller reporting company)	Emerging Growth Company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ☒ Yes  ☐ No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed fiscal year end, March 31, 2017: N/A.

The number of shares issued and outstanding of issuer’s common stock, $.001 par value, as of November 8, 2017 was 28,070,000.

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION
Item 1:	Financial Statements (unaudited)	1
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	2
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	4
Item 4:	Controls and Procedures	4
PART II – OTHER INFORMATION
Item 1:	Legal Proceedings	5
Item 1A:	Risk Factors	5
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	5
Item 3:	Defaults Upon Senior Securities	5
Item 4:	Mine Safety Disclosures	5
Item 5:	Other Information	5
Item 6:	Exhibits	5

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our financial statements included in this Form 10-Q are as follows:

F-1	Balance Sheet as of September 30, 2017 and March 31, 2017 (unaudited);
F-2	Statements of Comprehensive Loss for the three and six months ended September 30, 2017 and 2016 (unaudited);
F-3	Statements of Cash Flows for the six months ended September 30, 2017 and 2016 (unaudited); and
F-4	Notes to the unaudited Financial Statements.

1

Unleashed Inc.
Balance Sheets
(Unaudited)
	Sept 30,			March 31,
	2017			2017
ASSETS
Current Assets
Cash	$	34,577		$	39,863
Accounts Receivable		9,880			9,219
Allowance for doubtful debts		(9,880	)		(9,219	)
Inventories		865			903
Total Current Assets		35,442			40,766
Fixed Assets
Property and Equipment, net of accumulated		369			489
TOTAL ASSETS	$	35,811		$	41,255
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Current Liabilities
Accounts payable	$	2,018		$	-
Due to Investor		-			3,250
Total Current Liabilities		2,018			-
Total Liabilities		2,018			3,250
Commitment & Contingencies
Stockholders’ Equity
Common stock, $0.001 par value, 100,000,000 shares authorized; 28,070,000 and 27,280,000 issued and outstanding as of Sept 30, 2017 and March 31, 2017, respectively		28,070			27,280
Additional paid-in capital		54,615			51,455
Accumulated deficit		(48,178	)		(37,178	)
Accumulated other comprehensive income		(714	)		(3,552	)
Total Stockholders’ Equity		33,793			38,005
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	35,811		$	41,255

The accompanying notes are an integral part of these financial statements.

F-1

Unleashed Inc.

Statements of Comprehensive Loss

(Unaudited)

	Three Months			Three Months			Six Months			Six Months
	Ended			Ended			Ended			Ended
	Sept 30,			Sept 30,			Sept 30,			Sept 30,
	2017			2016			2017			2016
Revenues	$	43		$	9,672		$	227		$	9,792
Cost of Goods Sold		19			-			103			479
Gross Profit (Loss)		24			9,672			124			9,313
Operating Expenses
Depreciation expense		78			69			151			152
General and administrative expenses		4,959			272			5,516			1,166
Professional Fees		3,941			9,938			5,061			12,351
Total Operating Expenses		8,978			10,279			10,728			13,669
Loss before Provision for Income Taxes		(8,954	)		(607	)		(10,604	)		(4,356	)
Provision for Income Taxes		-			-			-			-
Net Loss	$	(8,954	)	$	(607	)	$	(10,604	)	$	(4,356	)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment		1,246			(1,025	)		2,838			(1,735	)
Total Comprehensive Loss	$	(7,708	)	$	(1,632	)	$	(7,766	)	$	(6,091	)
Net Loss per Share: Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Number of Shares Outstanding: Basic and Diluted		28,070,000			17,549,738			28,057,536			16,313,605

The accompanying notes are an integral part of these financial statements.

F-2

Unleashed Inc.

Statements of Cash Flows

	Six Months			Six Months
	Ended			Ended
	Sept 30,			Sept 30,
	2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(10,604	)		(4,356	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense		151			152
Changes in:
Accounts receivable		-			(9,647	)
Prepaid expense		-			(2,473	)
Accounts payable		809			(1,848	)
Inventories		100			99
Net cash provided by operating activities		(9,544	)		(18,073	)
CASH FLOWS FROM INVESTING ACTIVITIES
Property and Equipment		-			-
Net cash used in investing activities		-			-
CASH FLOWS FROM FINANCING ACTIVITIES
Due to investor		(3,441	)		-
Proceeds from sale of common stock		3,884			17,262
Net cash provided by financing activities		443			17,262
Effect of exchange rate changes on cash		3,815			2,838
Changes in cash during the period		(5,286	)		2,027
Cash at beginning of period		39,863			5,158
Cash at end of period	$	34,577			7,185
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for taxes	$	-			-
Cash paid for interest	$	-			-

The accompanying notes are an integral part of these financial statements.

F-3

Unleashed Inc.

Notes to the Unaudited Financial Statements

For the six months ended September 30, 2017

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

We were incorporated as Unleashed Inc. (the Company) on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers.

Mr. Ridding operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” He started the business on December 2, 2014 when he purchased a computer, started working on product designs, and the Company’s website. Mr. Ridding contributed the business assets and liabilities of his sole proprietorship into Unleashed Inc.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company was incorporated, for the purpose of designing, distributing and selling swim, surf and open water related products to customers.

The Company has elected March 31 as its fiscal year end.

Basis of presentation

The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2017 and notes thereto contained in the Company’s Annual Report on Form 10-K.

Earnings (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Accounts Receivable

The Company records accounts receivable at the net value of the face amount of customer invoices less any allowance for doubtful accounts. We evaluate our accounts receivable periodically based on specific identification of any accounts receivable for which we deem the net realizable value to be less than the gross amount of accounts receivable recorded; in these cases, we establish an allowance for doubtful accounts for those balances. In determining our need for an allowance for doubtful accounts, we consider historical experience, analysis of past due amounts, client creditworthiness and any other relevant available information. However, our actual experience may vary from our estimates. If the financial condition of our clients were to deteriorate, resulting in their inability or unwillingness to pay our fees, we may need to record additional allowances or write-offs in future periods. The Company mitigates this risk by collecting retainers from our clients prior to performing significant services.

The Company records an allowance for doubtful accounts, if any, as a reduction in revenue to the extent the provision relates to fee adjustments and other discretionary pricing adjustments. To the extent the provision relates to a client’s inability to make required payments on accounts receivables, the provision is recorded in operating expenses. As of September 30, 2017 there was an allowance of $9,880 for doubtful accounts, and we did not record any bad debt expense during the period from Inception (May, 5 2015) through September 30, 2017.

F-4

Unleashed Inc.

Notes to the Unaudited Financial Statements

For the six months ended September 30, 2017

Foreign Currency Translation

The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive income in stockholders’ equity. As of September 30, 2017, these amounts were immaterial, and the total foreign currency translation gains included in other comprehensive loss was $714.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

NOTE 3 - PROPERTY AND EQUIPMENT

Property consists of equipment purchased for the production of revenues. As of:

	September 30, 2017		March 31, 2017
Equipment	$	1,242	$	1,157
Less accumulated depreciation		873		668
Equipment, net	$	369	$	489

Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $151 and $302 for the six months ended September 30, 2017 and year ended March 31, 2017 respectively.

NOTE 4 - PROVISION FOR INCOME TAXES

The reconciliation of income tax provision (benefit) at the U.S. statutory rate of 34% for the six months ended September 30, 2017 and for the six months ended September 30, 2017 to the Company’s effective tax rate is as follows:

	September 30, 2017			September 30, 2016
Income tax benefit at statutory rate	$	3,605		$	1,481
Change in valuation allowance		(3,605	)		(1,481	)
Income tax provision	$	-		$	-

The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of September 30, 2017 and March 31, 2017 are as follows:

	September 30, 2017			March 31, 2017
Deferred tax asset	$	16,381		$	12,641
Valuation allowance		(16,381	)		(12,641	)
Net deferred tax asset	$	–		$	–

F-5

Unleashed Inc.

Notes to the Unaudited Financial Statements

For the six months ended September 30, 2017

The Company has approximately $48,178 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. 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 the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company is not presently involved in any litigation.

NOTE 6 - GOING CONCERN

As set forth on the Company’s balance sheet, its assets total $35,811 and $41,255 as of September 30, 2017 and March 31, 2016 respectively. These amounts do not provide adequate working capital for the Company to successfully operate its business and to service its debt. Further the Company has income losses since inception. Expenses incurred to the date of this prospectus are being recorded on the Company’s books as they occur. This raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital. Management believes that the Company will be able to operate for the coming year by obtaining additional loans from Mr. Ridding and from equity funding. However, there can be no assurances that management’s plans will be successful.

NOTE 7 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

On March 5, 2015, the Company’s founder, President and CEO, Anthony Ridding, acquired all the 15,000,000 common shares issued by the Company, at a price of $0.001 per share.

NOTE 8 - CAPITAL STOCK

The Company was incorporated on March 5, 2015 in Nevada with authorized capital of 100,000,000 shares of $0.001 par value common stock.

On March 5, 2015, the Company issued 15,000,000 shares of common stock to the founder for cash proceeds of $15,000.

On April 4, 2017, we issued 790,000 shares at $0.005 per share under a registration statement that was declared effective on April 15, 2016.

There were 28,070,000 and 27,280,000 shares of common stock issued and outstanding at September 30, 2017 and March 31, 2017 respectively. There were no shares of preferred stock issued and outstanding at September 30, 2017.

NOTE 9 - SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2017 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.

F-6

Item 2. Management’s Discussion and Analysis.

Forward-Looking Statements

Management’s statements contained herein are not historical facts and are forward-looking statements. Factors which could have a material adverse effect on the operations and future prospects of the Company on a consolidated basis include, but are not limited to, those matters discussed under the section entitled “Risk Factors,” above. Such risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Company Overview

We were incorporated as Unleashed Inc. on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers. Our office address is Klincová 37, 821 08 Bratislava, Slovakia, our phone is +42 123 6760 and our website is www.unleashedhardware.com.

Commencing in December 2014, Mr. Anthony Ridding, our founder and Chief Executive Officer, initially operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” Thereafter, on or about March 5, 2015, he contributed the business assets and liabilities of his sole proprietorship to the Company. The first sales occurred in August 2015.

Since inception the Company has designed, tested and refined our Stand Up Paddleboard and Swim Tow Floats outsourced to manufacturers in China, created and launched our website www.unleashedhardware.com, established limited distribution channels for our products through our web-site and other third parties, and commenced the commercial sale of our products. The first sales of both of these products occurred in August 2015. We currently produce and sell two main products:

(1) Stand-up Paddleboard. Our stand up paddleboard (referred to as SUP) is inflatable and made from reinforced PVC. The device includes a carbon fiber paddle, hand pump, removable fin, carry bag, and repair kit. The board is 11 feet in length and designed for use by individuals with a weight of up to 120 Kgs (265 lbs).

(2) Dry Bag and Tow Float. Our dry bag and tow float is an inflatable floatation device with dry storage. The bag consists of a two-part inflatable 35liter storage system, connected to the swimmers waist by straps and towed behind by a leash. Storage is typically used for items such as food, clothing and communication devices. From a safety aspect, the bag can be used as a flotation device for fatigued swimmers and is bright orange in color to act as a safety beacon to other water users. The design of the product allows for participants to function without disruption to swimming.

Our products have been designed in Slovakia by our President and manufactured in China. In addition, our products are currently distributed from the UK and payment taken in pounds sterling. We have payment facilities on our website, eBay and a number of products for sale in retail outlets on a sale or return basis.

Results of Operations for the three and six months to September 30, 2017

Revenues

Our total revenue reported for the three months ended September 30, 2017 and 2016 was $43 and $9,672 respectively. Our total revenue reported for the six months ended September 30, 2017 and 2016 was $227 and $9,792 respectively. Most of our revenues have occurred on third-party e-commerce sites and via our e-commerce website.

We expect revenues to increase for the year ended March 31, 2018 as a result of increased sales resulting from improved marketing and increased production. Subject to our ability to raise sufficient funds, we hope to develop our own e-commerce site in an effort to increase revenues.

2

Cost of Goods Sold

Our cost of goods sold for the three months to September 30, 2017 and 2016 was $19 and $0, respectively. Our cost of goods sold for the six months to September 30, 2017 and 2016 was $103 and $479, respectively. Our costs of goods sold as a percentage of sales increased for the three and six months to September 30, 2017 as the company sold services in the three and six months to September 30, 2016 compared to selling goods in the current periods. The services were provided to our customers by the company’s officers at no cost to the company.

Gross Profit/(loss)

Gross profit for the three months to September 30, 2017 and 2016 was $24 and $9,672, respectively. Gross profit for the six months to September 30, 2017 and 2016 was $124 and $9,314, respectively.

Operating Expenses

Operating expenses were $8,978 and $10,279 for the three months to September 30, 2017 and 2016, respectively. Operating expenses were $10,728 and $13,669 for the six months to September 30, 2017 and 2016, respectively

Our operating expenses for the three months to September 30, 2017 and 2016 consisted of depreciation in the amount of $78 and $69, respectively, general and administrative expenses of $4,959 (which include directors travel expenses to meet with potential manufacturers in China) and $272, respectively and professional fees of $3,941 and $9,938, respectively.

Our operating expenses for the six months to September 30, 2017 and 2016 consisted of depreciation in the amount of $151 and $152, respectively, general and administrative expenses of $5,516 and $1,166 respectively, and professional fees of $5,061 and $12,351, respectively.

We anticipate our operating expenses will increase as we undertake our plan of operations. The increase will be attributable to the measures described above to implement our business plan and the professional fees associated with our becoming a reporting company under the Securities Exchange Act of 1934.

Net Loss

Net loss for the three months to September 30, 2017 and 2016 was $8,954 and $607, respectively. Net loss for the six months to September 30, 2017 and 2016 was $10,604 and $4,356, respectively

Liquidity and Capital Resources

As of September 30, 2017, we had total current assets of $35,442, consisting of cash and inventories. We had current liabilities of $2,018 consisting of accounts payable as of September 30, 2017. Accordingly, we had a working capital surplus of $33,424 as of September 30, 2017.

Operating activities used $9,544 and $18,073 in cash for the six months to September 30, 2017 and 2016, respectively.

Going Concern

Our assets at September 30, 2017 total $35,811. This amount does not provide adequate working capital for us to successfully operate our business. Expenses incurred to the date of this prospectus are being recorded our books as they occur. This raises substantial doubt about our ability to continue as a going concern. Our continuation as a going concern is dependent upon obtaining additional working capital. Management believes that we will be able to operate for the coming year by obtaining loans from Mr. Ridding and from equity funding, via proceeds raised from the offering set forth in this prospectus. However, there can be no assurances that management’s plans will be successful.

Off Balance Sheet Arrangements

As of September 30, 2017, there were no off balance sheet arrangements.

3

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We do not believe that any accounting policies currently fit this definition.

Recently Issued Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we undertook an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934, Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that such disclosure controls and procedures were not effective to ensure (a) that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and (b) that information required to be disclosed is accumulated and communicated to management to allow timely decisions regarding disclosure.

Internal Controls Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934.  A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company’s principal executive and principal financial officers, or persons performing similar functions, and effected by the company’s board of directors, management, and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit the preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In making its assessment, our management, including the Chief Executive Officer and Chief Financial Officer, used the criteria set forth in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

A material weakness is a control deficiency, or combination of control deficiencies, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis.  We have identified revenue reporting was a quantitative material weaknesses in our internal controls over financial reporting as of the end of the second quarter ended September 30, 2017.

There were no changes in our internal controls over financial reporting during the second quarter of the fiscal year ended March 31, 2017 that materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

This annual report on Form 10-Q for the quarter to September 30, 2017 does not include an auditor attestation report on our internal controls over financial reporting inasmuch as no attestation report was required under the rules of the Securities and Exchange Commission applicable to us as in effect at that time.

4

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A. Risk Factors

A smaller reporting company is not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None

Item 6. Exhibits

Exhibit Number	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

5

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

UNLEASHED INC.
By:	/s/ Anthony Ridding
	Anthony Ridding President, Chief Executive Officer, Principal Executive Officer and Director

Date: November 8, 2017

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Anthony Ridding
	Anthony Ridding President, Chief Executive Officer, Principal Executive Officer and Director

Date: November 8, 2017

By:	/s/ Candice Tomkins
	Candice Tomkins Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

Date: November 8, 2017

6

EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer,

Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended,

As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002

I, Anthony Ridding, certify that:

1. I have reviewed this annual report on Form 10-Q of Unleashed Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,   to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and  

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses   in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2017

 /s/ Anthony Ridding

Anthony Ridding

Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Principal Executive Officer,

Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended,

As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002

I, Candice Tomkins, certify that:

1. I have reviewed this annual report on Form 10-Q of Unleashed Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,   to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and  

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses   in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2017

 /s/ Candice Tomkins

Candice Tomkins

Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Anthony Ridding, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Annual Report on Form 10-Q of Unleashed Inc. for the period ended September 30, 2016 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Unleashed Inc.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Unleashed Inc. and will be retained by Unleashed Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

	/s/ Anthony Ridding
Dated:  November 8, 2017	Anthony Ridding
	President, Chief Executive Officer Principal Executive Officer and Director
	Unleashed Inc.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Candice Tomkins, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Annual Report on Form 10-Q of Unleashed Inc. for the period ended September 30, 2016 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Unleashed Inc.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Unleashed Inc. and will be retained by Unleashed Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

	/s/ Candice Tomkins
Dated:  November 8, 2017	Candice Tomkins
	Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director
	Unleashed Inc.

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Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2017	Nov. 08, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Unleashed Inc.
Entity Central Index Key	0001666114
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2018
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		28,070,000

XML

Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Current Assets
Cash	$ 34,577	$ 39,863
Accounts Receivable	9,880	9,219
Allowance for doubtful debts	(9,880)	(9,219)
Inventories	865	903
Total Current Assets	35,442	40,766
Fixed Assets
Property and Equipment, net of accumulated	369	489
TOTAL ASSETS	35,811	41,255
Current Liabilities
Accounts payable	2,018
Due to Investor		3,250
Total Current Liabilities	2,018	3,250
Total Liabilities	2,018	3,250
Commitment & Contingencies
Stockholders' Equity
Common stock, $0.001 par value, 100,000,000 shares authorized; 28,070,000 and 27,280,000 issued and outstanding as of Sept 30, 2017 and March 31, 2017, respectively	28,070	27,280
Additional paid-in capital	54,615	51,455
Accumulated deficit	(48,178)	(37,178)
Accumulated other comprehensive income	(714)	(3,552)
Total Stockholders' Equity	33,793	38,005
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 35,811	$ 41,255

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Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Sep. 30, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	28,070,000	27,280,000
Common stock, shares outstanding	28,070,000	27,280,000

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Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenues	$ 43	$ 9,672	$ 227	$ 9,792
Cost of Goods Sold	19		103	479
Gross Profit (Loss)	24	9,672	124	9,313
Operating Expenses
Depreciation expense	78	69	151	152
General and administrative expenses	4,959	272	5,516	1,166
Professional Fees	3,941	9,938	5,061	12,351
Total Operating Expenses	8,978	10,279	10,728	13,669
Loss before Provision for Income Taxes	(8,954)	(607)	(10,604)	(4,356)
Provision for Income Taxes
Net Loss	(8,954)	(607)	(10,604)	(4,356)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	1,246	(1,025)	2,838	(1,735)
Total Comprehensive Loss	$ (7,708)	$ (1,632)	$ (7,766)	$ (6,091)
Net Loss per Share: Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted Average Number of Shares Outstanding: Basic and Diluted	28,070,000	17,549,738	28,057,536	16,313,605

XML

Statements of Cash Flows - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (10,604)	$ (4,356)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	151	152
Changes in:
Accounts receivable		(9,647)
Prepaid expense		(2,473)
Accounts payable	809	(1,848)
Inventories	100	99
Net cash provided by operating activities	(9,544)	(18,073)
CASH FLOWS FROM INVESTING ACTIVITIES
Property and Equipment
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Due to investor	(3,441)
Proceeds from sale of common stock	3,884	17,262
Net cash provided by financing activities	443	17,262
Effect of exchange rate changes on cash	3,815	2,838
Changes in cash during the period	(5,286)	2,027
Cash at beginning of period	39,863	5,158
Cash at end of period	34,577	7,185
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for taxes
Cash paid for interest

XML

Organization and Description of Business

6 Months Ended

Sep. 30, 2017

Organization and Description of Business [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

We were incorporated as Unleashed Inc. (the Company) on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers.

Mr. Ridding operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” He started the business on December 2, 2014 when he purchased a computer, started working on product designs, and the Company’s website. Mr. Ridding contributed the business assets and liabilities of his sole proprietorship into Unleashed Inc.

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Summary of Significant Accounting Policies

6 Months Ended

Sep. 30, 2017

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company was incorporated, for the purpose of designing, distributing and selling swim, surf and open water related products to customers.

The Company has elected March 31 as its fiscal year end.

Basis of presentation

The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2017 and notes thereto contained in the Company’s Annual Report on Form 10-K.

Earnings (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Accounts Receivable

The Company records accounts receivable at the net value of the face amount of customer invoices less any allowance for doubtful accounts. We evaluate our accounts receivable periodically based on specific identification of any accounts receivable for which we deem the net realizable value to be less than the gross amount of accounts receivable recorded; in these cases, we establish an allowance for doubtful accounts for those balances. In determining our need for an allowance for doubtful accounts, we consider historical experience, analysis of past due amounts, client creditworthiness and any other relevant available information. However, our actual experience may vary from our estimates. If the financial condition of our clients were to deteriorate, resulting in their inability or unwillingness to pay our fees, we may need to record additional allowances or write-offs in future periods. The Company mitigates this risk by collecting retainers from our clients prior to performing significant services.

The Company records an allowance for doubtful accounts, if any, as a reduction in revenue to the extent the provision relates to fee adjustments and other discretionary pricing adjustments. To the extent the provision relates to a client’s inability to make required payments on accounts receivables, the provision is recorded in operating expenses. As of September 30, 2017 there was an allowance of $9,880 for doubtful accounts, and we did not record any bad debt expense during the period from Inception (May, 5 2015) through September 30, 2017.

Foreign Currency Translation

The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive income in stockholders’ equity. As of September 30, 2017, these amounts were immaterial, and the total foreign currency translation gains included in other comprehensive loss was $714.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

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Property and Equipment

6 Months Ended

Sep. 30, 2017

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

Property consists of equipment purchased for the production of revenues. As of:

	September 30, 2017		March 31, 2017
Equipment	$	1,242	$	1,157
Less accumulated depreciation		873		668
Equipment, net	$	369	$	489

Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $151 and $302 for the six months ended September 30, 2017 and year ended March 31, 2017 respectively.

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Provision for Income Taxes

6 Months Ended

Sep. 30, 2017

Provision for Income Taxes [Abstract]

PROVISION FOR INCOME TAXES

NOTE 4 - PROVISION FOR INCOME TAXES

The reconciliation of income tax provision (benefit) at the U.S. statutory rate of 34% for the six months ended September 30, 2017 and for the six months ended September 30, 2017 to the Company’s effective tax rate is as follows:

	September 30, 2017			September 30, 2016
Income tax benefit at statutory rate	$	3,605		$	1,481
Change in valuation allowance		(3,605	)		(1,481	)
Income tax provision	$	-		$	-

The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of September 30, 2017 and March 31, 2017 are as follows:

	September 30, 2017			March 31, 2017
Deferred tax asset	$	16,381		$	12,641
Valuation allowance		(16,381	)		(12,641	)
Net deferred tax asset	$	–		$	–

The Company has approximately $48,178 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. 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 the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

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Commitments and Contingencies

6 Months Ended

Sep. 30, 2017

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company is not presently involved in any litigation.

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Going Concern

6 Months Ended

Sep. 30, 2017

Going Concern [Abstract]

GOING CONCERN

NOTE 6 - GOING CONCERN

As set forth on the Company’s balance sheet, its assets total $35,811 and $41,255 as of September 30, 2017 and March 31, 2016 respectively. These amounts do not provide adequate working capital for the Company to successfully operate its business and to service its debt. Further the Company has income losses since inception. Expenses incurred to the date of this prospectus are being recorded on the Company’s books as they occur. This raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital. Management believes that the Company will be able to operate for the coming year by obtaining additional loans from Mr. Ridding and from equity funding. However, there can be no assurances that management’s plans will be successful.

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Significant Transactions with Related Parties

6 Months Ended

Sep. 30, 2017

Significant Transactions with Related Parties [Abstract]

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

NOTE 7 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

On March 5, 2015, the Company’s founder, President and CEO, Anthony Ridding, acquired all the 15,000,000 common shares issued by the Company, at a price of $0.001 per share.

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Capital Stock

6 Months Ended

Sep. 30, 2017

Capital Stock [Abstract]

CAPITAL STOCK

NOTE 8 - CAPITAL STOCK

The Company was incorporated on March 5, 2015 in Nevada with authorized capital of 100,000,000 shares of $0.001 par value common stock.

On March 5, 2015, the Company issued 15,000,000 shares of common stock to the founder for cash proceeds of $15,000.

On April 4, 2017, we issued 790,000 shares at $0.005 per share under a registration statement that was declared effective on April 15, 2016.

There were 28,070,000 and 27,280,000 shares of common stock issued and outstanding at September 30, 2017 and March 31, 2017 respectively. There were no shares of preferred stock issued and outstanding at September 30, 2017.

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Subsequent Events

6 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2017 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.

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Sep. 30, 2017

Summary of Significant Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2017 and notes thereto contained in the Company’s Annual Report on Form 10-K.

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.

Estimates and Assumptions

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Accounts Receivable

Accounts Receivable

The Company records accounts receivable at the net value of the face amount of customer invoices less any allowance for doubtful accounts. We evaluate our accounts receivable periodically based on specific identification of any accounts receivable for which we deem the net realizable value to be less than the gross amount of accounts receivable recorded; in these cases, we establish an allowance for doubtful accounts for those balances. In determining our need for an allowance for doubtful accounts, we consider historical experience, analysis of past due amounts, client creditworthiness and any other relevant available information. However, our actual experience may vary from our estimates. If the financial condition of our clients were to deteriorate, resulting in their inability or unwillingness to pay our fees, we may need to record additional allowances or write-offs in future periods. The Company mitigates this risk by collecting retainers from our clients prior to performing significant services.

The Company records an allowance for doubtful accounts, if any, as a reduction in revenue to the extent the provision relates to fee adjustments and other discretionary pricing adjustments. To the extent the provision relates to a client’s inability to make required payments on accounts receivables, the provision is recorded in operating expenses. As of September 30, 2017 there was an allowance of $9,880 for doubtful accounts, and we did not record any bad debt expense during the period from Inception (May, 5 2015) through September 30, 2017.

Foreign Currency Translation

Foreign Currency Translation

The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive income in stockholders’ equity. As of September 30, 2017, these amounts were immaterial, and the total foreign currency translation gains included in other comprehensive loss was $714.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

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Property and Equipment (Tables)

6 Months Ended

Sep. 30, 2017

Property and Equipment [Abstract]

Schedule of property and equipment

	September 30, 2017		March 31, 2017
Equipment	$	1,242	$	1,157
Less accumulated depreciation		873		668
Equipment, net	$	369	$	489

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Provision for Income Taxes (Tables)

6 Months Ended

Sep. 30, 2017

Provision for Income Taxes [Abstract]

Schedule of income tax provision (benefit)

	September 30, 2017			September 30, 2016
Income tax benefit at statutory rate	$	3,605		$	1,481
Change in valuation allowance		(3,605	)		(1,481	)
Income tax provision	$	-		$	-

Schedule of deferred tax assets

	September 30, 2017			March 31, 2017
Deferred tax asset	$	16,381		$	12,641
Valuation allowance		(16,381	)		(12,641	)
Net deferred tax asset	$	–		$	–

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Summary of Significant Accounting Policies (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Summary of Significant Accounting Policies (Textual)
Allowance of doubtful accounts	$ 9,880
Other comprehensive loss	$ (714)	$ (3,552)

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Property and Equipment (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Property and Equipment [Abstract]
Equipment	$ 1,242	$ 1,157
Less accumulated depreciation	873	668
Equipment, net	$ 369	$ 489

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Property and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Property and Equipment (Textual)
Depreciation expense	$ 78	$ 69	$ 151	$ 152	$ 302

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Provision for Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Provision for Income Taxes [Abstract]
Income tax benefit at statutory rate			$ 3,605	$ 1,481
Change in valuation allowance			(3,605)	(1,481)
Income tax provision

XML

Provision for Income Taxes (Details 1) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Provision for Income Taxes [Abstract]
Deferred tax asset	$ 16,381	$ 12,641
Valuation allowance	(16,381)	(12,641)
Net deferred tax asset

XML

Provision for Income Taxes (Details Textual) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Provision for Income Taxes (Textual)
Reconciliation of income tax provision (benefit) at U.S. statutory rate	34.00%	34.00%
Net operating losses carried forward	$ 48,178
Operating losses carried forward, expiration date	Jun. 30, 2035

XML

Going Concern (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Going Concern (Textual)
Total assets	$ 35,811	$ 41,255

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Significant Transactions with Related Parties (Details) - $ / shares	Sep. 30, 2017	Mar. 31, 2017	Mar. 05, 2015
Significant Transactions with Related Parties (Textual)
Common stock, shares issued	28,070,000	27,280,000
Common shares issued price per share	$ 0.001	$ 0.001
Anthony Ridding [Member]
Significant Transactions with Related Parties (Textual)
Common stock, shares issued			15,000,000
Common shares issued price per share			$ 0.001

XML

Capital Stock (Details) - USD ($)	Mar. 05, 2015	Sep. 30, 2017	Apr. 04, 2017	Mar. 31, 2017
Capital Stock (Textual)
Common stock, shares authorized		100,000,000		100,000,000
Common stock, par value		$ 0.001		$ 0.001
Common stock, shares issued		28,070,000		27,280,000
Common stock, shares outstanding		28,070,000		27,280,000
Preferred stock, shares issued		0
Preferred stock, shares outstanding		0
Shares issued			790,000
Shares issued, price per share			$ 0.005
Common Stock [Member]
Capital Stock (Textual)
Common stock, shares authorized	100,000,000
Common stock, par value	$ 0.001
Common stock issued to founder, shares	15,000,000
Common stock issued to founder	$ 15,000