v3.26.1
INCOME TAXES
 12 Months Ended
Jul. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 5 – INCOME TAXES

 

The Company accounts for income taxes in accordance with ASC 740, Income Taxes. As of July 31, 2025, management believes that it is more likely than not that the Company’s deferred tax assets, if any, will not be realized, and accordingly a full valuation allowance has been recorded against such deferred tax assets. The Company did not record a material current income tax provision for fiscal 2025 or 2024.

 

For the years ended July 31, 2025 and 2024, the Company had net operating losses of approximately $310,736 and $308,710, respectively, for U.S. federal income tax purposes.

 

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended July 31, 2025 and 2024:

 

          
   Fiscal Years Ended July 31, 
   2025   2024 
US federal statutory rates   (21.0)%   (21.0)%
Valuation allowance   21%   21%
Effective tax rate   -%   -%

 

Income tax expense was $0 for the years ended July 31, 2025 and 2024. The provision for income tax expense (benefit) for the years ended July 31, 2025 and 2024 consisted of the following:

 

          
   2025   2024 
Income tax expense (benefit)  $(426)  $(7,533)
Increase (decrease) in valuation allowance   426    7,533 
Total income tax expense  $-   $- 

 

The Company’s net deferred tax assets as of July 31, 2025 and 2024 were as follows:

 

          
   2025   2024 
Deferred tax asset          
Net operating loss  $50,130   $49,704 
Total   50,130    49,704 
Less: valuation allowance   (50,130)   (49,704)
Net deferred tax asset  $-   $-