0001213900-18-011419.txt : 20180820 0001213900-18-011419.hdr.sgml : 20180820 20180820143938 ACCESSION NUMBER: 0001213900-18-011419 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 41 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180820 DATE AS OF CHANGE: 20180820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Unleashed Inc. CENTRAL INDEX KEY: 0001666114 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 364811250 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-209429 FILM NUMBER: 181028009 BUSINESS ADDRESS: STREET 1: KLINCOVA 37 CITY: 821 08 BRATISLAVA STATE: 2B ZIP: 0 BUSINESS PHONE: 42 123 300 6760 MAIL ADDRESS: STREET 1: KLINCOVA 37 CITY: 821 08 BRATISLAVA STATE: 2B ZIP: 0 10-Q 1 f10q0618_unleashedinc.htm QUARTERLY REPORT

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2018

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from _________ to ________.

Commission file number: 333-209429

UNLEASHED, INC.

(Exact name of registrant as specified in its charter)

Nevada		36-4811250
(State of Incorporation)		(I.R.S. Employer I.D. Number)

Rastislavova 12, 949 01 Nitra, Slovakia

(Address of principal executive offices) (Zip Code)

Issuer’s telephone number: +42 123 300 6760

Securities registered under Section 12 (b) of the Act:

Title of each class to be registered		Name of exchange on which each class is to be registered
None		None

Securities registered under Section 12(g) of the Act:

None

(Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☐ Yes ☐ No (Currently inapplicable to Registrant)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☒
(Do not check if a smaller reporting company)	Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the securities act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ☐ Yes ☒ No

The number of shares issued and outstanding of issuer’s common stock, $.001 par value, as of August 20, 2018 was 28,070,000.

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION

Item 1:	Financial Statements (unaudited)	1
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	10
Item 4:	Controls and Procedures	10

PART II – OTHER INFORMATION

Item 1:	Legal Proceedings	11
Item 1A:	Risk Factors	11
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	11
Item 3:	Defaults Upon Senior Securities	11
Item 4:	Mine Safety Disclosures	11
Item 5:	Other Information	11
Item 6:	Exhibits	11

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our financial statements included in this Form 10-Q are as follows:

2		Balance Sheet as of June 30, 2018 and March 31, 2018 (unaudited);
3		Statements of Comprehensive Loss for the three months ended June 30, 2018 and 2017 (unaudited);
4		Statements of Cash Flows for the three months ended June 30, 2018 and 2017 (unaudited); and
5		Notes to the unaudited Financial Statements.

Unleashed Inc.

Condensed Balance Sheets

	June 30,			March 31,
	2018			2018
	(Unaudited)
ASSETS
Current Assets
Cash	$	17,125		$	25,805
Inventories		850			904
Total Current Assets		17,975			26,709
Fixed Assets
Property and Equipment, net of accumulated depreciation of $1,082 and $668, respectively.		136			225
TOTAL ASSETS	$	18,111		$	26,934

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Accounts payable	$	15,705		$	7,997
Total Current Liabilities		15,705			7,997
Total Liabilities		15,705			7,997

Commitment & Contingencies

Stockholders' Equity
Common stock, $0.001 par value, 100,000,000 shares authorized; 28,070,000 and 28,070,000 issued and outstanding as of June 30, 2018 and March 31, 2018 respectively		28,070			28,070
Additional paid-in capital		54,615			54,615
Accumulated deficit		(79,231	)		(63,371	)
Accumulated other comprehensive loss		(1,048	)		(377	)
Total Stockholders' Equity		2,406			18,937

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	18,111		$	26,934

The accompanying notes are an integral part of these financial statements.

Unleashed Inc.

Condensed Statements of Comprehensive Loss

(Unaudited)

	Three Months			Three Months
	Ended			Ended
	June 30,			June 30,
	2018			2017

Revenues	$	-		$	183

Cost of Goods Sold		-			85

Gross Profit (Loss)		-			98

Operating Expenses
Depreciation expense		78			73
General and administrative expenses		815			495
Professional Fees		14,967			1,120
Total Operating Expenses		15,860			1,688

Loss before Provision for Income Taxes		(15,860	)		(1,590	)

Provision for Income Taxes		-			-

Net Loss	$	(15,860	)	$	(1,590	)

Other Comprehensive Income (Loss)
Foreign currency translation adjustment		(874	)		1,952
Total Comprehensive Loss	$	(16,734	)	$	362

Net Loss per Share: Basic and Diluted	$	(0.00	)	$	(0.00	)

Weighted Average Number of Shares Outstanding: Basic and Diluted		28,070,000			28,044,945

The accompanying notes are an integral part of these financial statements.

Unleashed Inc.

Condensed Statements of Cash Flows

(Unaudited)

	Three Months			Three Months
	Ended			Ended
	June 30,			June 30,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(15,860	)	$	(1,590	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense		78			73
Changes in:
Accounts payable		8,607			790
Inventories		-			81
Net cash (used in) operating activities		(7,175	)		(646	)

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities		-			-

CASH FLOWS FROM FINANCING ACTIVITIES
Payment of investor loan		-			(3,360	)
Proceeds from sale of common stock		-			3,950
Net cash provided by financing activities		-			590

Effect of exchange rate changes on cash		(1,505	)		1,272

Changes in cash during the period		(8,680	)		1,216

Cash at beginning of period		25,805			39,863

Cash at end of period	$	17,125			41,079

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for taxes	$	-			-
Cash paid for interest	$	-			-

The accompanying notes are an integral part of these financial statements.

Unleashed Inc.

Notes to the Condensed Unaudited Financial Statements

For the Three Months Ended June 30, 2018

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

We were incorporated as Unleashed Inc. (the Company) on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers.

Mr. Ridding operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” He started the business on December 2, 2014 when he purchased a computer, started working on product designs, and the Company’s website. Mr. Ridding contributed the business assets and liabilities of his sole proprietorship into Unleashed Inc.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company has elected March 31 as its fiscal year end.

Basis of presentation

The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2018 and notes thereto contained in the Company’s Annual Report on Form 10-K.

Earnings (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Unleashed Inc.

Notes to the Condensed Unaudited Financial Statements

For the Three Months Ended June 30, 2018

Foreign Currency Translation

The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive loss in stockholders’ equity. As of June 30, 2018, these amounts were immaterial, and the total foreign currency translation gains included in accumulated comprehensive loss was $1,048.

	USD/GBP			GBP/USD
Period Average		0.7354	Period Average		1.3606
30-Jun-18		0.7579	30-Jun-18		1.3193

Recent Accounting Pronouncements

Beginning April 1, 2017, we implemented ASC 606. Although the new revenue standard is expected to have an immaterial impact on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them.

NOTE 3 - PROPERTY AND EQUIPMENT

Property consists of equipment purchased for the production of revenues. As of:

	June 30, 2018			March 31, 2018
Equipment	$	1,218		$	1,296
Less accumulated depreciation		(1,082	)		(1,071	)
Equipment, net	$	136		$	225

Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $78 and $73 for the three months ended June 30, 2018 and 2017, respectively.

NOTE 4 - INCOME TAXES

The Company has approximately $79,250 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

Unleashed Inc.

Notes to the Condensed Unaudited Financial Statements

For the Three Months Ended June 30, 2018

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company is not presently involved in any litigation.

NOTE 6 - GOING CONCERN

As set forth on the Company’s balance sheet, its assets total $18,111 and $26,934 as of June 30, 2018 and March 31, 2018 respectively, to which there have been no adjustments. These amounts do not provide adequate working capital for the Company to successfully operate its business and to service its debt. Expenses incurred to the date of this prospectus are being recorded on the Company’s books as they occur. This raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital. Management believes that the Company will be able to operate for the coming year by obtaining additional loans from Mr. Ridding and from equity funding. However, there can be no assurances that management’s plans will be successful.

NOTE 7 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

On March 5, 2015, the Company’s founder, President and CEO, Anthony Ridding, acquired 15,000,000 common shares issued by the Company, at a price of $0.001 per share.

NOTE 8 - CAPITAL STOCK

There were 28,070,000 and 28,070,000 shares of common stock issued and outstanding at June 30, 2018 and March 31, 2018 respectively. There were no shares of preferred stock issued and outstanding at June 30, 2018.

NOTE 9 - SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2018 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Item 2. Management’s Discussion and Analysis.

Forward-Looking Statements

Management’s statements contained herein are not historical facts and are forward-looking statements. Factors which could have a material adverse effect on the operations and future prospects of the Company on a consolidated basis include, but are not limited to, those matters discussed under the section entitled “Risk Factors,” above. Such risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Company Overview

We were incorporated as Unleashed Inc. on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers. Our office address is Rastislavova 12, 949 01 Nitra, Slovakia, our phone is +42 123 300 6760 and our website is www.unleashedhardware.com.

Commencing in December 2014, Mr. Anthony Ridding, our founder and Chief Executive Officer, initially operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” Thereafter, on or about March 5, 2015, he contributed the business assets and liabilities of his sole proprietorship to the Company. The first sales occurred in August 2015.

Since inception the Company has successfully designed, tested and refined our Stand Up Paddleboard and Swim Tow Floats outsourced to manufacturers in China, created and launched our website www.unleashedhardware.com, established distribution channels for our products through our web-site and other third parties, and commenced the commercial sale of our products. The first sales of both of these products occurred in August 2015. We currently produce and sell two main products:

(1) Stand-up Paddleboard. Our stand up paddleboard (referred to as SUP) is inflatable and made from reinforced PVC. The device includes a carbon fiber paddle, hand pump, removable fin, carry bag, and repair kit. The board is 11 feet in length and designed for use by individuals with a weight of up to 120 Kgs (265 lbs).

(2) Dry Bag and Tow Float. Our dry bag and tow float is an inflatable floatation device with dry storage. The bag consists of a two-part inflatable 35liter storage system, connected to the swimmers waist by straps and towed behind by a leash. Storage is typically used for items such as food, clothing and communication devices. From a safety aspect, the bag can be used as a flotation device for fatigued swimmers and is bright orange in color to act as a safety beacon to other water users. The design of the product allows for participants to function without disruption to swimming.

Our products have been designed in Slovakia by our President and manufactured in China. In addition, our products are currently distributed from the UK and payment taken in pounds sterling. We have payment facilities on our website, eBay and a number of products for sale in retail outlets on a sale or return basis.

Results of Operations for the three months to June 30, 2018

Revenues

Our total revenue reported for the three months ended June 30, 2018 was $0 compared with $183 for the three months to June 30, 2017. Most of our revenues have occurred on third-party e-commerce sites and via our e-commerce website.

We expect revenues to increase for the year ended March 31, 2019 as a result of planned improved marketing and increased production. Subject to our ability to raise sufficient funds, we hope to develop our own e-commerce site in an effort to increase revenues.

Cost of Goods Sold

Our cost of goods sold for the three months to June 30, 2018 was $0 compared with $85 for the three months to June 30, 2017.

Gross Profit/(loss)

Gross profit for the three months to June 30, 2018 was $0 compared with the gross profit for the three months to June 30, 2017 of $98.

Operating Expenses

Operating expenses were $15,860 and $1,688 for the three months to June 30, 2018 and 2017 respectively.

Our operating expenses for the three months to June 30, 2018 consisted of depreciation in the amount of $78, general and administrative expenses of $815 and professional fees of $14,967.

Our operating expenses for the three months to June 30, 2017 consisted of depreciation in the amount of $73, general and administrative expenses of $495 and professional fees of $1,120.

We anticipate our operating expenses will increase as we undertake our plan of operations. The increase will be attributable to the measures described above to implement our business plan and the professional fees associated with our becoming a reporting company under the Securities Exchange Act of 1934.

Net Loss

Net losses for the three months to June 30, 2018 and 2017 were $15,860 and $1,590 respectively.

Liquidity and Capital Resources

As of June 30, 2018, we had total current assets of $17,975, consisting of cash and inventories. We had current liabilities of $15,705 as of June 30, 2018. Accordingly, we had a working capital surplus of $2,270 as of June 30, 2018.

Operating activities used $7,175 in cash for the three months to June 30, 2018.

Our ability to operate beyond March 31, 2019, is contingent upon us obtaining additional financing and/or upon realizing sales revenue sufficient to fund our ongoing expenses. Until we are able to sustain our ongoing operations through sales revenue, we intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.

Going Concern

Our assets at June 30, 2018 total $18,111. This amount does not provide adequate working capital for us to successfully operate our business. Expenses incurred to the date of this prospectus are being recorded our books as they occur. This raises substantial doubt about our ability to continue as a going concern. Our continuation as a going concern is dependent upon obtaining additional working capital. Management believes that we will be able to operate for the coming year by obtaining loans from Mr. Ridding and from equity funding. However, there can be no assurances that management’s plans will be successful.

Off Balance Sheet Arrangements

As of June 30, 2018, there were no off balance sheet arrangements.

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We do not believe that any accounting policies currently fit this definition.

Recently Issued Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we undertook an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934, Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that such disclosure controls and procedures were not effective to ensure (a) that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and (b) that information required to be disclosed is accumulated and communicated to management to allow timely decisions regarding disclosure.

Internal Controls Over Financial Reporting

There were no changes in our internal controls over financial reporting during the first quarter of the fiscal year ended March 31, 2019 that materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

This annual report on Form 10-Q for the quarter to June 30, 2018 does not include an auditor attestation report on our internal controls over financial reporting in as much as no attestation report was required under the rules of the Securities and Exchange Commission applicable to us as in effect at that time.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A. Risk Factors

A smaller reporting company is not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None

Item 6. Exhibits

Exhibit Number		Description of Exhibit
31.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

UNLEASHED INC.

By:	/s/ Anthony Ridding
	Anthony Ridding President, Chief Executive Officer, Principal Executive Officer and Director

Date: August 20, 2018

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/ Anthony Ridding

Anthony Ridding

President, Chief Executive Officer,
Principal Executive Officer and Director

Date: August 20, 2018

By:

/s/ Candice Tomkins

Candice Tomkins

Chief Financial Officer,

Principal Financial Officer,

Principal Accounting Officer,

Secretary, Treasurer and Director

Date: August 20, 2018

EX-31.1 2 f10q0618ex31-1_unleashed.htm CERTIFICATION

Exhibit 31.1

Certification of Principal Executive Officer,

Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended,

As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002

I, Anthony Ridding, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Unleashed Inc.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 20, 2018

/s/ Anthony Ridding

Anthony Ridding

Chief Executive Officer

EX-31.2 3 f10q0618ex31-2_unleashed.htm CERTIFICATION

Exhibit 31.2

Certification of Principal Executive Officer,

Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended,

As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002

I, Candice Tomkins, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Unleashed Inc.;

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 20, 2018

/s/ Candice Tomkins

Candice Tomkins

Chief Financial Officer

EX-32.1 4 f10q0618ex32-1_unleashed.htm CERTIFICATION

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Anthony Ridding, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

the Quarterly Report on Form 10-Q of Unleashed Inc. for the period ended June 30, 2018 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Unleashed Inc.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Unleashed Inc. and will be retained by Unleashed Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: August 20, 2018	/s/ Anthony Ridding
	Anthony Ridding
	President, Chief Executive Officer Principal Executive Officer and Director
	Unleashed Inc.

EX-32.2 5 f10q0618ex32-2_unleashed.htm CERTIFICATION

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Candice Tomkins, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Quarterly Report on Form 10-Q of Unleashed Inc. for the period ended June 30, 2018 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Unleashed Inc.

Dated: August 20, 2018	/s/ Candice Tomkins
	Candice Tomkins
	Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director
	Unleashed Inc.

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NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS   We were incorporated as Unleashed Inc. (the Company) on March 5, 2015 in the State of Nevada for the purpose of designing, distributing and selling swim, surf and open water related products to customers.   Mr. Ridding operated the business as a sole proprietor under the dba “Unleashed Hardware Inc.” He started the business on December 2, 2014 when he purchased a computer, started working on product designs, and the Company’s website. Mr. Ridding contributed the business assets and liabilities of his sole proprietorship into Unleashed Inc.

Earnings (Loss) Per Share   Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.

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Estimates and Assumptions   Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

79250

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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD/GBP</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">GBP/USD</td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 38%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0.7354</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 37%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.3606</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.7579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.3193</td><td style="text-align: left"> </td></tr></table>

Basis of presentation   The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2018 and notes thereto contained in the Company’s Annual Report on Form 10-K.

Recent Accounting Pronouncements   Beginning April 1, 2017, we implemented ASC 606.  Although the new revenue standard is expected to have an immaterial impact on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them.

NOTE 3 - PROPERTY AND EQUIPMENT   Property consists of equipment purchased for the production of revenues. As of:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June 30, 2018</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">March 31, 2018</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify">Equipment</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,218</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,296</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,082</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,071</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 10pt">Equipment, net</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">136</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">225</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>   Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $78 and $73 for the three months ended June 30, 2018 and 2017, respectively.

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June 30, 2018</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">March 31, 2018</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify">Equipment</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,218</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,296</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,082</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,071</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 10pt">Equipment, net</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">136</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">225</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr></table>

NOTE 4 - INCOME TAXES   The Company has approximately $79,250 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

NOTE 5 - COMMITMENTS AND CONTINGENCIES   The Company is not presently involved in any litigation.

NOTE 6 - GOING CONCERN   As set forth on the Company’s balance sheet, its assets total $18,111 and $26,934 as of June 30, 2018 and March 31, 2018 respectively, to which there have been no adjustments. These amounts do not provide adequate working capital for the Company to successfully operate its business and to service its debt. Expenses incurred to the date of this prospectus are being recorded on the Company’s books as they occur. This raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital. Management believes that the Company will be able to operate for the coming year by obtaining additional loans from Mr. Ridding and from equity funding. However, there can be no assurances that management’s plans will be successful.

NOTE 8 - CAPITAL STOCK   There were 28,070,000 and 28,070,000 shares of common stock issued and outstanding at June 30, 2018 and March 31, 2018 respectively. There were no shares of preferred stock issued and outstanding at June 30, 2018.

NOTE 9 - SUBSEQUENT EVENTS   In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2018 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   The Company has elected March 31 as its fiscal year end.   Basis of presentation   The Company reports revenue and expenses using the accrual method of accounting for financial and tax reporting purposes. The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2018 and notes thereto contained in the Company’s Annual Report on Form 10-K.   Earnings (Loss) Per Share   Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report.   Estimates and Assumptions   Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.   Foreign Currency Translation   The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive loss in stockholders’ equity. As of June 30, 2018, these amounts were immaterial, and the total foreign currency translation gains included in accumulated comprehensive loss was $1,048.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD/GBP</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">GBP/USD</td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 38%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0.7354</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 37%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.3606</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.7579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.3193</td><td style="text-align: left"> </td></tr> </table>   Recent Accounting Pronouncements   Beginning April 1, 2017, we implemented ASC 606.  Although the new revenue standard is expected to have an immaterial impact on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them.

Foreign Currency Translation   The functional currency of the Company is Great British Pounds (GBP). Monetary assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. While nonmonetary assets and liabilities in addition to common stock and additional paid in capital are translated at historical rate. Revenues, expenses and retained earnings are translated using the average exchange rates during each period. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive loss in stockholders’ equity. As of June 30, 2018, these amounts were immaterial, and the total foreign currency translation gains included in accumulated comprehensive loss was $1,048.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD/GBP</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">GBP/USD</td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 38%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0.7354</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 37%">Period Average</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.3606</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.7579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 10pt">30-Jun-18</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.3193</td><td style="text-align: left"> </td></tr> </table>

NOTE 7 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES   On March 5, 2015, the Company’s founder, President and CEO, Anthony Ridding, acquired 15,000,000 common shares issued by the Company, at a price of $0.001 per share.

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Document and entity information. The entire disclosure for going concern. Assets, Current Liabilities, Current Liabilities [Default Label] Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses [Default Label] Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Attributable to Parent Increase (Decrease) in Accounts Payable Increase (Decrease) in Inventories Net Cash Provided by (Used in) Operating Activities Payments for (Proceeds from) Deposit on Loan Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) EX-101.PRE 11 cik0001666114-20180630_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jun. 30, 2018	Aug. 20, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Unleashed Inc.
Entity Central Index Key	0001666114
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		28,070,000

XML 13 R2.htm IDEA: XBRL DOCUMENT

Condensed Balance Sheets - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Current Assets
Cash	$ 17,125	$ 25,805
Inventories	850	904
Total Current Assets	17,975	26,709
Fixed Assets
Property and Equipment, net of accumulated depreciation of $1,082 and $668, respectively.	136	225
TOTAL ASSETS	18,111	26,934
Current Liabilities
Accounts payable	15,705	7,997
Total Current Liabilities	15,705	7,997
Total Liabilities	15,705	7,997
Commitment & Contingencies
Stockholders' Equity
Common stock, $0.001 par value, 100,000,000 shares authorized; 28,070,000 and 28,070,000 issued and outstanding as of June 30, 2018 and March 31, 2018 respectively	28,070	28,070
Additional paid-in capital	54,615	54,615
Accumulated deficit	(79,231)	(63,371)
Accumulated other comprehensive loss	(1,048)	(377)
Total Stockholders' Equity	2,406	18,937
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 18,111	$ 26,934

XML 14 R3.htm IDEA: XBRL DOCUMENT

Condensed Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,082	$ 1,071
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	28,070,000	28,070,000
Common stock, shares outstanding	28,070,000	28,070,000

XML 15 R4.htm IDEA: XBRL DOCUMENT

Condensed Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues		$ 183
Cost of Goods Sold		85
Gross Profit (Loss)		98
Operating Expenses
Depreciation expense	78	73
General and administrative expenses	815	495
Professional Fees	14,967	1,120
Total Operating Expenses	15,860	1,688
Loss before Provision for Income Taxes	(15,860)	(1,590)
Provision for Income Taxes
Net Loss	(15,860)	(1,590)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	(874)	1,952
Total Comprehensive Loss	$ (16,734)	$ 362
Net Loss per Share: Basic and Diluted	$ (0.00)	$ (0.00)
Weighted Average Number of Shares Outstanding: Basic and Diluted	28,070,000	28,044,945

XML 16 R5.htm IDEA: XBRL DOCUMENT

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (15,860)	$ (1,590)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	78	73
Changes in:
Accounts payable	8,607	790
Inventories		81
Net cash (used in) operating activities	(7,175)	(646)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of investor loan		(3,360)
Proceeds from sale of common stock		3,950
Net cash provided by financing activities		590
Effect of exchange rate changes on cash	(1,505)	1,272
Changes in cash during the period	(8,680)	1,216
Cash at beginning of period	25,805	39,863
Cash at end of period	17,125	41,079
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for taxes
Cash paid for interest

XML 17 R6.htm IDEA: XBRL DOCUMENT

Organization and Description of Business

3 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

XML 18 R7.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company has elected March 31 as its fiscal year end.

Basis of presentation

Earnings (Loss) Per Share

Estimates and Assumptions

Foreign Currency Translation

	USD/GBP			GBP/USD
Period Average		0.7354	Period Average		1.3606
30-Jun-18		0.7579	30-Jun-18		1.3193

Recent Accounting Pronouncements

XML 19 R8.htm IDEA: XBRL DOCUMENT

Property and Equipment

3 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

Property consists of equipment purchased for the production of revenues. As of:

	June 30, 2018			March 31, 2018
Equipment	$	1,218		$	1,296
Less accumulated depreciation		(1,082	)		(1,071	)
Equipment, net	$	136		$	225

Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $78 and $73 for the three months ended June 30, 2018 and 2017, respectively.

XML 20 R9.htm IDEA: XBRL DOCUMENT

Income Taxes

3 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 4 - INCOME TAXES

XML 21 R10.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company is not presently involved in any litigation.

XML 22 R11.htm IDEA: XBRL DOCUMENT

Going Concern

3 Months Ended

Jun. 30, 2018

Going Concern [Abstract]

GOING CONCERN

NOTE 6 - GOING CONCERN

XML 23 R12.htm IDEA: XBRL DOCUMENT

Significant Transactions with Related Parties

3 Months Ended

Jun. 30, 2018

Significant Transactions With Related Parties

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

NOTE 7 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

On March 5, 2015, the Company’s founder, President and CEO, Anthony Ridding, acquired 15,000,000 common shares issued by the Company, at a price of $0.001 per share.

XML 24 R13.htm IDEA: XBRL DOCUMENT

Capital Stock

3 Months Ended

Jun. 30, 2018

Equity [Abstract]

CAPITAL STOCK

NOTE 8 - CAPITAL STOCK

XML 25 R14.htm IDEA: XBRL DOCUMENT

Subsequent Events

3 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

XML 26 R15.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Estimates and Assumptions

Estimates and Assumptions

Foreign Currency Translation

Foreign Currency Translation

	USD/GBP			GBP/USD
Period Average		0.7354	Period Average		1.3606
30-Jun-18		0.7579	30-Jun-18		1.3193

Recent Accounting Pronouncements

Recent Accounting Pronouncements

XML 27 R16.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Schedule of foreign currency transaction

	USD/GBP			GBP/USD
Period Average		0.7354	Period Average		1.3606
30-Jun-18		0.7579	30-Jun-18		1.3193

XML 28 R17.htm IDEA: XBRL DOCUMENT

Property and Equipment (Tables)

3 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	June 30, 2018			March 31, 2018
Equipment	$	1,218		$	1,296
Less accumulated depreciation		(1,082	)		(1,071	)
Equipment, net	$	136		$	225

XML 29 R18.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details)	Jun. 30, 2018
USD/GBP [Member]
Foreign currency transaction	0.7579
GBP/USD [Member]
Foreign currency transaction	1.3193
Period Average [Member] \| USD/GBP [Member]
Foreign currency transaction	0.7354
Period Average [Member] \| GBP/USD [Member]
Foreign currency transaction	1.3606

XML 30 R19.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Textual)	3 Months Ended
	Jun. 30, 2018 USD ($)
Summary of Significant Accounting Policies (Textual)
Other comprehensive loss	$ 1,048

XML 31 R20.htm IDEA: XBRL DOCUMENT

Property and Equipment (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Equipment	$ 1,218	$ 1,296
Less accumulated depreciation	(1,082)	(1,071)
Equipment, net	$ 136	$ 225

XML 32 R21.htm IDEA: XBRL DOCUMENT

Property and Equipment (Details Textual) - USD ($)	3 Months Ended
Property and Equipment (Details Textual) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Property and Equipment (Textual)
Depreciation expenses	$ 78	$ 73

XML 33 R22.htm IDEA: XBRL DOCUMENT

Income Taxes (Details)	3 Months Ended
Income Taxes (Details)	Jun. 30, 2018 USD ($)
Income Taxes (Textual)
Net operating losses	$ 79,250
Net operating losses expire	2035

XML 34 R23.htm IDEA: XBRL DOCUMENT

Going Concern (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Going Concern (Textual)
Total assets	$ 18,111	$ 26,934

XML 35 R24.htm IDEA: XBRL DOCUMENT

Significant Transactions with Related Parties (Details) - $ / shares	Mar. 05, 2015	Jun. 30, 2018	Mar. 31, 2018
Common stock price		$ 0.001	$ 0.001
Chief Executive Officer [Member]
Acquired common shares issued	15,000,000
Common stock price	$ 0.001

XML 36 R25.htm IDEA: XBRL DOCUMENT

Capital Stock (Details) - shares	Jun. 30, 2018	Mar. 31, 2018
Capital Stock (Textual)
Common stock, shares issued	28,070,000	28,070,000
Common stock, shares outstanding	28,070,000	28,070,000
Preferred stock, shares issued
Preferred stock, shares outstanding

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