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Note 6 - Income Taxes
12 Months Ended
Jan. 31, 2013
Notes  
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 $352,506 as of January 31, 2013. The significant components of the deferred tax asset as of January 31, 2012 and January 31, 2013 are as follows:

 

 

01/31/13

 

01/31/12

Deferred Tax Assets

$    119,852

 

$  117,701

Valuations allowance

(119,852)

 

(117,701 )

Net deferred tax asset

 $              --

 

$            --