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Note 6 - Income Taxes
6 Months Ended
Jul. 31, 2012
Note 6 - Income Taxes:  
Note 6 - Income Taxes

NOTE 6 - INCOME TAXES

 

The Company has tax losses which may be applied against future taxable income. The potential tax benefits arising from these loss carry forwards expire beginning in 2028 and are offset by a valuation allowance due to the uncertainty of profitable operations in the future. The net operating loss carry forward was $336,289 as of January 31, 2012 and $340,626 as of July 31, 2012.  The significant components of the deferred tax asset as of January 31, 2012 and July 31, 2012 are as follows:

 

 

 

07/31/12

 

 

01/31/12

 

 

 

 

 

 

 

 

Deferred Tax Assets

 

$

119,219

 

 

$

117,701

 

Valuations allowance

 

 

(119,219)

 

 

 

(117,701

)

 

 

 

 

 

 

 

 

 

Net deferred tax asset

 

$

--

 

 

$

--