- INCOME TAXES

3 Months Ended

Oct. 31, 2019

- INCOME TAXES [Abstract]

- INCOME TAXES

NOTE 8 – INCOME TAXES

As of October 31, 2019, the Company had net operating loss carry forwards of approximately $41,313 that may be available to reduce future years’ taxable income in varying amounts through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following:

	October 31, 2019	October 31, 2018
Federal income tax benefit attributable to:
Current Operations	$18,590	$12,461
Less: valuation allowance	(8,247)	(12,461)
Net provision for Federal income taxes	$                    0	$                    0

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

	October 31, 2019	October 31, 2018
Deferred tax asset attributable to:
Net operating loss carryover	$             223	$             1,045
Less: valuation allowance	(223)	(1,045)
Net deferred tax asset	$                    0	$                    0

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Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $41,313for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.