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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
Jan. 31, 2015
Accounting Policies [Abstract]  
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America may require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. There are no such estimates included in these financial statements.

 

Cash and Cash Equivalents

Cash and Cash Equivalents

 

Cash and cash equivalents consists principally of currency on hand, demand deposits at commercial banks, and liquid investment funds having a maturity of three months or less at the time of purchase. The Company had cash and cash equivalents of $175 as of January 31, 2015 and $1,768 as of April 30, 2014.

 

Start-up Costs

Start-up Costs

 

In accordance with ASC 720-15-25, “Start-up Activities,” the Company expenses all costs incurred in connection with the start-up and organization of the Company.

Common Stock Issued For Other Than Cash

Common Stock Issued For Other Than Cash

 

Services purchased and other transactions settled in the Company's common stock are recorded at the estimated fair value of the stock issued if that value is more readily determinable than the fair value of the consideration received.

Net Income or (Loss) Per Share of Common Stock

Net Income or (Loss) Per Share of Common Stock

 

The Company follows financial accounting standards which provide for “basic” and “diluted” earnings per share. Basic earnings per share is computed by dividing income or loss available to common shareholders by the weighted average shares outstanding for the period. Diluted earnings per share reflects the potential dilution due to other securities outstanding which could affect the number of shares upon exercise. The Company has no potentially dilutive securities such as options, warrants, or convertible bonds currently issued and outstanding. Consequently basic and diluted shares are the same, as presented in the Statements of Operations. The income (loss) per share calculation and weighted average shares calculation take into account the forward stock split discussed in Note 4.

 

Recently Enacted Accounting Standards

Recently Enacted Accounting Standards

 

In June 2009 the FASB established the Accounting Standards Codification (“Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) issued under authority of federal securities laws are also sources of GAAP for SEC registrants.

 

Modifications to the ASC are accomplished by the issuance of Accounting Standards Updates (“ASU’s”). The Company has evaluated ASU’s through No. 2015-09. None of the updates for the period have applicability to the Company or their effect on the financial statements would not have been significant.

 

Office Space and Labor

Office Space and Labor

 

The Company’s sole Officer and Director will provide the labor required to execute the business plan and supply the necessary office space and facilities during the initial period of operations. The Company will recognize the fair value of services and office space so provided as contributed capital in accordance with ASC 225-10-S99-4. From inception (February 9, 2010) through January 31, 2015, the fair value of services and office space provided without cost are estimated to be nil.