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NOTE 3 - PROVISION FOR INCOME TAXES	9 Months Ended
Jan. 31, 2015
Notes to Financial Statements
NOTE 3 - PROVISION FOR INCOME TAXES	NOTE 3 - PROVISION FOR INCOME TAXES The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income regardless of when reported for tax purposes. Deferred taxes are provided in the financial statements under ASC 740-10-65-1 to give effect to the temporary differences which may arise from differences in the bases of fixed assets, depreciation methods and allowances based on the income taxes expected to be payable in future years. Minimal development stage deferred tax assets arising as a result of net operating loss carry-forwards have been offset completely by a valuation allowance due to the uncertainty of their utilization in future periods. Operating loss carry-forwards generated during the period from February 9, 2010 (date of inception) through January 31, 2015 of approximately $1,781,161 will begin to expire in 2031. Using an estimated rate of 35%, deferred tax assets of approximately $623,406 were offset by the valuation allowance. The Company has no tax positions at January 31, 2015 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued relative to unrecognized tax benefits in interest expense and penalties in operating expense. During the period from February 9, 2010 (inception) to January 31, 2015, the Company recognized no income tax related interest and penalties. The Company had no accruals for income tax related interest and penalties at January 31, 2015. All tax years starting from 2010 are open for examination.

NOTE 3 - PROVISION FOR INCOME TAXES

9 Months Ended

Jan. 31, 2015

The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income regardless of when reported for tax purposes. Deferred taxes are provided in the financial statements under ASC 740-10-65-1 to give effect to the temporary differences which may arise from differences in the bases of fixed assets, depreciation methods and allowances based on the income taxes expected to be payable in future years. Minimal development stage deferred tax assets arising as a result of net operating loss carry-forwards have been offset completely by a valuation allowance due to the uncertainty of their utilization in future periods. Operating loss carry-forwards generated during the period from February 9, 2010 (date of inception) through January 31, 2015 of approximately $1,781,161 will begin to expire in 2031. Using an estimated rate of 35%, deferred tax assets of approximately $623,406 were offset by the valuation allowance.

The Company has no tax positions at January 31, 2015 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

The Company recognizes interest accrued relative to unrecognized tax benefits in interest expense and penalties in operating expense.

During the period from February 9, 2010 (inception) to January 31, 2015, the Company recognized no income tax related interest and penalties. The Company had no accruals for income tax related interest and penalties at January 31, 2015. All tax years starting from 2010 are open for examination.