10-Q

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 October 31, 2023

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

For the transition period from ______ to _______

Commission File No. 333-263739

RAPID LINE INC.
(Exact name of registrant as specified in its charter)

Wyoming (State or Other Jurisdiction of Incorporation or Organization) 8200 (Primary Standard Industrial Classification Number) EIN 98-1646802 (IRS Employer Identification Number)

RAPID LINE INC.

Gieldowa 4A, Warsaw 01-211, Poland
Telephone: +48-222-196622

Email: info@kid-win.com

(Address and telephone number of principal executive offices)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	NONE	N/A

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 every Interactive Data File required to be submitted 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 such files). Yes ☒ No ☐

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting Company	☒
Emerging growth Company	☒

If an emerging growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the practicable date:

At October 31, 2023, the number of shares of the Registrant’s common stock outstanding was 3,632,750.

TABLE OF CONTENTS

PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	3
	Balance Sheets	3
	Statement of Operations	4
	Statement of Stockholders’ Equity	5
	Statement of Cash Flows	6
	Notes to the Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Mine safety disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
	Signatures	16

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited)

RAPID LINE INC.

BALANCE SHEETS

	October 31, 2023 (Unaudited)			January 31, 2023 (Audited)
ASSETS
Current Assets
Bank Account	$	2,151		$	23,069
Prepaid Expenses		53			1,687
Total Current Assets		2,204			24,756
Non- Current Intangible Assets
Mobile Application and Website Development		41,000			41,000
Accumulated Depreciation		(14,695	)		(8,548	)
Total Non-Current Intangible Assets		26,305			32,452
Total Assets	$	28,509		$	57,208
LIABILITIES
Current Liabilities
Interest Payable	$	7,355		$	4,280
Total Current Liabilities		7,355			4,280
Long term Liabilities
Director Loan		19,644			13,244
Promissory Note		41,000			41,000
Total Long term Liabilities		60,644			54,244
Total Liabilities		67,999			58,524
Stockholders’ Equity
Common stock, $0.0001 par value, 75,000,000 shares authorized; 3,632,750 and 3,567,750 shares issued and outstanding October 31, 2023 and January 31, 2023 respectively;		364			357
Additional paid-in-capital		22,542			21,248
Accumulated deficit		(62,395	)		(22,921	)
Total Stockholders’ Equity		(39,490	)		(1,316	)
Total Liabilities and Stockholders’ Equity	$	28,509		$	57,208

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

3

RAPID LINE INC.

STATEMENT OF OPERATIONS (Unaudited)

	Three Months Ended October 31, 2023			Three Months Ended October 31, 2022			Nine Months Ended October 31, 2023			Nine Months Ended October 31, 2022
REVENUES	$	3,600		$	–		$	3,600		$	–
OPERATING EXPENSES
General and Administrative Expenses		8,062			5,575			43,074			22,928
TOTAL OPERATING EXPENSES		8,062			5,575			43,074			22,928
NET INCOME (LOSS) FROM OPERATIONS		(4,462	)		(5,575	)		(39,474	)		(22,928	)
PROVISION FOR INCOME TAXES		–			–			–			–
NET INCOME (LOSS)	$	(4,462	)	$	(5,575	)	$	(39,474	)	$	(22,928	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		3,632,750			2,970,979			3,611,128			2,662,215

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

4

RAPID LINE INC.

STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited)

	Common Stock				Additional Paid-in		Deficit Accumulated during the Development			Total Stockholders’
	Shares		Amount		Capital		Stage			Equity
Inception, January 10, 2022		–	$	–	$	–	$	–		$	–
Shares issued for cash at $0.0001 per share on January 10, 2022		2,500,000		250		–		–			250
Net loss for the year ended January 31, 2022		–		–		–		(732	)		(732	)
Balance, January 31, 2022		2,500,000	$	250	$	–	$	(732	)	$	(481	)
Net loss for the period ending April 30, 2022		–	$	–	$	–	$	(10,947	)	$	(10,947	)
Balance, April 30, 2022		2,500,000	$	250	$	–	$	(11,678	)	$	(11,428	)
Shares issued for cash at $0.02 per share in July, 2022		167,500		167		3,333		–			3,350
Net loss for the period ending July 31, 2022		–	$	–	$	–	$	(6,407	)	$	(6,407	)
Balance, July 31, 2022		2,667,500	$	267	$	3,333	$	(18,085	)	$	(14,485	)
Shares issued for cash at $0.02 per share in October, 2022		625,250		625		15,776		–			12,505
Net loss for the period ending October 31, 2022		–	$	–	$	–	$	(5,575	)	$	(5,575	)
Balance, October 31, 2022		3,292,750	$	329		15,776		(23,659	)		(7,554	)
Shares issued for cash at $0.02 per share in January, 2023		275,000		28		21,248		–			21,276
Net loss for the period ending January 31, 2023		–	$	–	$	–	$	(22,190	)	$	(22,190	)
Balance, January 31, 2023		3,567,750	$	357		21,248		(22,921	)		(1,316	)
Shares issued for cash at $0.02 per share in April 30, 2023		65,000		7		22,542		–			22,549
Net loss for the period ending April 30, 2023		–	$	–	$	–	$	(9,165	)	$	(9,165	)
Balance, April 30, 2023		3,632,750	$	364	$	22,542	$	(32,087	)	$	(9,182	)
Net loss for the period ending July 31, 2023		–	$	–	$	–	$	(25,847	)	$	(25,847	)
Balance, July 31, 2023		3,632,750	$	364	$	22,542	$	(57,933	)	$	(35,028	)
Net loss for the period ending October 31, 2023		–	$	–	$	–	$	(4,462	)	$	(4,462	)
Balance, October 31, 2023		3,632,750	$	364	$	22,542	$	(62,395	)	$	(39,490	)

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

5

RAPID LINE INC.

STATEMENT OF CASH FLOWS (Unaudited)

	Nine Months Ended October 31, 2023			Nine Months Ended October 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(39,474	)	$	(22,928	)
Adjustment to reconcile net income (loss) to cash provided by operating activities
Accumulated amortization		6,147			6,147
Increase/Decrease related to
Prepaid Expenses		1,634			(1,687	)
CASH FLOWS USED IN OPERATING ACTIVITIES		(31,693	)		(18,468	)
CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans		6,400			13,244
Interest payable		3,075			3,075
Capital Stock		1,300			15,855
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		10,775			32,174
Net increase in cash and equivalents		(20,918	)		13,706
Cash and equivalents at beginning of the period		23,069			51
Cash and equivalents at end of the period	$	2,151		$	13,757
Supplemental cash flow information:
Cash paid for:
Interest	$	–		$	–
Taxes	$	–		$	–

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

6

RAPID LINE INC.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

SINCE INCEPTION ON JANUARY 10, 2022 TO OCTOBER 31, 2023

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

RAPID LINE INC. (referred as the “Company”, “we”, “our”) is a development stage company formed to commence operations concerned with online education. We were incorporated under the laws of the state of Wyoming on January 10, 2022. From our formation we were engaged in the business of namely the development, marketing and business process analysis, problem solving and general business services by our CEO, sole Officer and Director Mr. Moroz.

Our executive and business office is located at Gieldowa 4A, Warsaw 01-211, Poland, and our telephone number is +48222196622.

NOTE 2 – GOING CONCERN

The Company’s financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

As reflected in the financial statements, the Company had an accumulated deficit from Inception of $62,395 at October 31, 2023. The Company had net loss of $4,462 for the three months ended October 31, 2023. The Company has Promissory Notes on a balance sheet of $41,000 at October 31, 2023. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.

The Company’s year-end is January 31.

7

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements of the Company. In the opinion of management, these financial statements reflect all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended January 31, 2023. Interim results are not necessarily indicative of the results that may be expected for a full year or any other interim period.

Revenue

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the period ended October 31, 2023, we have generated $3,600 revenue.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company issued 2,500,000 common shares for $250 at par value $0.0001 for the purpose of taking care of financial operations for the Company by the director Wiktor Moroz.

Mobile Application and Website development - amortization

The Company is using straight - line amortization for our mobile application and website since they are fully operational as of January 15, 2022.

Mobile Application and Website – $41,000.

Term of amortization – 60 months (5 years).

Since Inception to October 31, 2023 the company’s accumulated amortization was $14,695.

Interest Payable Note

The Company holds Promissory note payable of $41,000, as per contract the company has to pay interest of 10% annually. As of October 31, 2023 the Company’s Interest payable is $7,355.

8

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

As of October 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

NOTE 4 – LOAN FROM DIRECTOR

As of October 31, 2023, the Company owed $19,644 to the Company’s sole director, Wiktor Moroz for the Company’s working capital purposes. The amount is outstanding and payable upon request. The company compensated the director by issuing common shares 2,500,000 at par value $250 towards incurred company’s expenses as of January 10, 2022.

9

NOTE 5 – COMMON STOCK

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

On January 10, 2022 the Company issued 2,500,000 shares of common stock to a director for services rendered estimated to be $250 at $0.0001 per share.

In July of 2022, the Company issued 167,500 common shares to few individuals at $0.02 per share in consideration of $3,350.

There were 2,667,500 shares of common stock issued and outstanding as of July 31, 2022.

In October of 2022, the Company issued 625,250 common shares to few individuals at $0.02 per share in consideration of $12,505.

There were 3,292,750 shares of common stock issued and outstanding as of October 31, 2022.

In January, the Company issued 275,000 common shares to few individuals at $0.02 per share in consideration of $5,500.

There were 3,567,750 shares of common stock issued and outstanding as of January 31, 2023.

In April, the Company issued 65,000 common shares to few individuals at $0.02 per share in consideration of $1,300.

There were 3,632,750 shares of common stock issued and outstanding as of October 31, 2023.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Our sole officer and director, Wiktor Moroz, has agreed to provide his own premise under office needs. He will not take any fee for these premises, it is for free use.

NOTE 7 – INCOME TAXES

On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows:

	October 31, 2023
Tax benefit (expenses) at U.S. statutory rate	$	(937	)
Change in valuation allowance		937
Tax benefit (expenses), net	$	–

10

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows:

	October 31, 2023
Net operating loss	$	13,103
Valuation allowance		(13,103	)
Deferred tax assets, net	$	–

The Company has accumulated approximately $62,395 of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which begin to expire in year 2038. 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 of 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 8 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to October 31, 2023 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.

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "August," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what April occurs in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Employees and Employment Agreements

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we August adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Results of Operation

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Months Ended October 31, 2023:

During the three and nine months ended October 31, 2023, we have generated $3,600 revenue.

Our net loss for the three and nine months ended October 31, 2023 was $4,462 and $39,474. Operating expenses consist of mainly professional fees, consulting expenses and depreciation expenses.

During the three and nine months ended October 31, 2022, we have not generated any revenues.

Our net loss for the three and nine months ended October 31, 2022 was $5,575 and $22,928. Operating expenses consist of mainly professional fees, consulting expenses and depreciation expenses.

12

Liquidity and Capital Resources

As of October 31, 2023, our total assets were $28,509 consisting of Mobile Application and Website Development and Accumulated amortization and Prepaid Expenses and Issuances of Common Shares.

Current Liabilities
Interest Payable	$	7,355
Total Current Liabilities		7,355
Long term Liabilities
Director Loan		19,644
Promissory Note		41,000
Total Long term Liabilities		60,644
Total Liabilities	$	67,999

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For nine months ended October 31, 2023, net cash flows used in operating activities was $31,693 consisting of:

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(39,474	)
Accumulated amortization		6,147
Prepaid Expenses		1,634
CASH FLOWS USED IN OPERATING ACTIVITIES	$	(31,693	)

Cash Flows from Investing Activities

We have not generated any cash flows from investing activities as of October 31, 2023.

Cash Flows from Financing Activities

We have generated positive cash flows from financing activities. For nine months ended October 31, 2023, we generated $10,775 consisting of:

CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans	$	6,400
Interest payable		3,075
Capital Stock		1,300
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	$	10,775

13

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing August not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we August not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Going Concern

The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

No report required.

Item 4. Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2023. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting since Inception on January 10, 2022 ended October 31, 2023 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

14

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

No report required.

ITEM 6. EXHIBITS

Exhibit	Description
31.1	Certification of the Company’s Principal Executive Officer and Principal 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 the Company’s Principal Executive Officer and Principal Financial pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
101.INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)*
101.SCH	Inline XBRL Taxonomy Extension Schema Document*
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document*
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document*
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)*

_____________

*	Filed herewith.
**	Furnished and not filed

15

SIGNATURES

Pursuant to the requirements 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.

November 29, 2023		Rapid Line Inc.
	By:	/s/ Wiktor Moroz
		Wiktor Moroz, President, Secretary,
		Treasurer, Principal Executive Officer,
		Principal Financial Officer and
		Principal Accounting Officer and
		Sole Director

16

EX-31.1

Exhibit 31.1

Certification of the Company’s Principal Executive Officer and Principal Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

I, Wiktor Moroz, certify that:

1.	I have reviewed this report on Form 10-Q of Rapid Line Inc.;
2.	Based on my knowledge, this annual 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 annual report;
3.	Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods present in this annual report;
4.	As the registrant’s sole certifying officer, 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

5. As the registrant’s sole certifying officer, 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: November 29, 2023

	Rapid Line Inc.
By:	/s/ Wiktor Moroz
	Wiktor Moroz, President, Secretary,
	Treasurer, Principal Executive Officer,
	Principal Financial Officer and
	Principal Accounting Officer and
	Sole Director

EX-32.1

Exhibit 32.1

Certification of Principal Executive Officer and Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Rapid Line Inc. (the “Company”) on Form 10-Q for the period ended October 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Wiktor Moroz, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

1. 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 the Company.

Date: November 29, 2023

	Rapid Line Inc.
By:	/s/ Wiktor Moroz
	Wiktor Moroz, President, Secretary,
	Treasurer, Principal Executive Officer,
	Principal Financial Officer and
	Principal Accounting Officer and
	Sole Director

XML

Cover	9 Months Ended
	Oct. 31, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--01-31
Entity File Number	333-263739
Entity Registrant Name	RAPID LINE INC.
Entity Central Index Key	0001910975
Entity Tax Identification Number	98-1646802
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	Gieldowa 4A
Entity Address, City or Town	Warsaw
Entity Address, Country	PL
Entity Address, Postal Zip Code	01-211
Country Region	48
City Area Code	222
Local Phone Number	196622
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	3,632,750

XML

Balance Sheets (Unaudited) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Current Assets
Bank Account	$ 2,151	$ 23,069
Prepaid Expenses	53	1,687
Total Current Assets	2,204	24,756
Non- Current Intangible Assets
Mobile Application and Website Development	41,000	41,000
Accumulated Depreciation	(14,695)	(8,548)
Total Non-Current Intangible Assets	26,305	32,452
Total Assets	28,509	57,208
Current Liabilities
Interest Payable	7,355	4,280
Total Current Liabilities	7,355	4,280
Long term Liabilities
Director Loan	19,644	13,244
Promissory Note	41,000	41,000
Total Long term Liabilities	60,644	54,244
Total Liabilities	67,999	58,524
Stockholders’ Equity
Common stock, $0.0001 par value, 75,000,000 shares authorized; 3,632,750 and 3,567,750 shares issued and outstanding October 31, 2023 and January 31, 2023 respectively;	364	357
Additional paid-in-capital	22,542	21,248
Accumulated deficit	(62,395)	(22,921)
Total Stockholders’ Equity	(39,490)	(1,316)
Total Liabilities and Stockholders’ Equity	$ 28,509	$ 57,208

XML

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	3,632,750	3,567,750	3,292,750	2,667,500
Common Stock, Shares, Outstanding	3,632,750	3,567,750	3,292,750	2,667,500

XML

Statement of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
REVENUES	$ 3,600	$ 0	$ 3,600	$ 0
OPERATING EXPENSES
General and Administrative Expenses	8,062	5,575	43,074	22,928
TOTAL OPERATING EXPENSES	8,062	5,575	43,074	22,928
NET INCOME (LOSS) FROM OPERATIONS	(4,462)	(5,575)	(39,474)	(22,928)
PROVISION FOR INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	$ (4,462)	$ (5,575)	$ (39,474)	$ (22,928)

XML

Statement of Operations (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Earnings Per Share, Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted Average Number of Shares Outstanding, Basic	3,632,750	2,970,979	3,611,128	2,662,215
Weighted Average Number of Shares Outstanding, Diluted	3,632,750	2,970,979	3,611,128	2,662,215

XML

Statement of Stockholders Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jan. 09, 2022	$ 0	$ 0	$ 0	$ 0
Shares, Outstanding, Beginning Balance at Jan. 09, 2022	0
Shares issued for cash at $0.02 per share in April 30, 2023	$ 250			250
Stock Issued During Period, Shares, New Issues	2,500,000
Net loss			(732)	(732)
Ending balance, value at Jan. 31, 2022	$ 250	0	(732)	(481)
Shares, Outstanding, Ending Balance at Jan. 31, 2022	2,500,000
Net loss			(10,947)	(10,947)
Ending balance, value at Apr. 30, 2022	$ 250	0	(11,678)	(11,428)
Shares, Outstanding, Ending Balance at Apr. 30, 2022	2,500,000
Beginning balance, value at Jan. 31, 2022	$ 250	0	(732)	(481)
Shares, Outstanding, Beginning Balance at Jan. 31, 2022	2,500,000
Net loss				(22,928)
Ending balance, value at Oct. 31, 2022	$ 329	15,776	(23,659)	(7,554)
Shares, Outstanding, Ending Balance at Oct. 31, 2022	3,292,750
Beginning balance, value at Apr. 30, 2022	$ 250	0	(11,678)	(11,428)
Shares, Outstanding, Beginning Balance at Apr. 30, 2022	2,500,000
Shares issued for cash at $0.02 per share in April 30, 2023	$ 167	3,333		3,350
Stock Issued During Period, Shares, New Issues	167,500
Net loss			(6,407)	(6,407)
Ending balance, value at Jul. 31, 2022	$ 267	3,333	(18,085)	(14,485)
Shares, Outstanding, Ending Balance at Jul. 31, 2022	2,667,500
Shares issued for cash at $0.02 per share in April 30, 2023	$ 625	15,776		12,505
Stock Issued During Period, Shares, New Issues	625,250
Net loss			(5,575)	(5,575)
Ending balance, value at Oct. 31, 2022	$ 329	15,776	(23,659)	(7,554)
Shares, Outstanding, Ending Balance at Oct. 31, 2022	3,292,750
Shares issued for cash at $0.02 per share in April 30, 2023	$ 28	21,248		21,276
Stock Issued During Period, Shares, New Issues	275,000
Net loss			(22,190)	(22,190)
Ending balance, value at Jan. 31, 2023	$ 357	21,248	(22,921)	(1,316)
Shares, Outstanding, Ending Balance at Jan. 31, 2023	3,567,750
Shares issued for cash at $0.02 per share in April 30, 2023	$ 7	22,542		22,549
Stock Issued During Period, Shares, New Issues	65,000
Net loss			(9,165)	(9,165)
Ending balance, value at Apr. 30, 2023	$ 364	22,542	(32,087)	(9,182)
Shares, Outstanding, Ending Balance at Apr. 30, 2023	3,632,750
Beginning balance, value at Jan. 31, 2023	$ 357	21,248	(22,921)	(1,316)
Shares, Outstanding, Beginning Balance at Jan. 31, 2023	3,567,750
Net loss				(39,474)
Ending balance, value at Oct. 31, 2023	$ 364	22,542	(62,395)	(39,490)
Shares, Outstanding, Ending Balance at Oct. 31, 2023	3,632,750
Beginning balance, value at Apr. 30, 2023	$ 364	22,542	(32,087)	(9,182)
Shares, Outstanding, Beginning Balance at Apr. 30, 2023	3,632,750
Net loss			(25,847)	(25,847)
Ending balance, value at Jul. 31, 2023	$ 364	22,542	(57,933)	(35,028)
Shares, Outstanding, Ending Balance at Jul. 31, 2023	3,632,750
Net loss			(4,462)	(4,462)
Ending balance, value at Oct. 31, 2023	$ 364	$ 22,542	$ (62,395)	$ (39,490)
Shares, Outstanding, Ending Balance at Oct. 31, 2023	3,632,750

XML

Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2023	Oct. 31, 2023	Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (22,190)	$ (39,474)	$ (22,928)
Adjustment to reconcile net income (loss) to cash provided by operating activities
Accumulated amortization		6,147	6,147
Increase/Decrease related to
Prepaid Expenses		1,634	(1,687)
CASH FLOWS USED IN OPERATING ACTIVITIES		(31,693)	(18,468)
CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans		6,400	13,244
Interest payable		3,075	3,075
Capital Stock		1,300	15,855
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		10,775	32,174
Net increase in cash and equivalents		(20,918)	13,706
Cash and equivalents at beginning of the period	13,757	23,069	51
Cash and equivalents at end of the period	$ 23,069	2,151	13,757
Cash paid for:
Interest		0	0
Taxes		$ 0	$ 0

XML

ORGANIZATION AND BASIS OF PRESENTATION

9 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BASIS OF PRESENTATION

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

RAPID LINE INC. (referred as the “Company”, “we”, “our”) is a development stage company formed to commence operations concerned with online education. We were incorporated under the laws of the state of Wyoming on January 10, 2022. From our formation we were engaged in the business of namely the development, marketing and business process analysis, problem solving and general business services by our CEO, sole Officer and Director Mr. Moroz.

Our executive and business office is located at Gieldowa 4A, Warsaw 01-211, Poland, and our telephone number is +48222196622.

XML

GOING CONCERN

9 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

NOTE 2 – GOING CONCERN

The Company’s financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

As reflected in the financial statements, the Company had an accumulated deficit from Inception of $62,395 at October 31, 2023. The Company had net loss of $4,462 for the three months ended October 31, 2023. The Company has Promissory Notes on a balance sheet of $41,000 at October 31, 2023. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.

The Company’s year-end is January 31.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements of the Company. In the opinion of management, these financial statements reflect all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended January 31, 2023. Interim results are not necessarily indicative of the results that may be expected for a full year or any other interim period.

Revenue

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the period ended October 31, 2023, we have generated $3,600 revenue.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company issued 2,500,000 common shares for $250 at par value $0.0001 for the purpose of taking care of financial operations for the Company by the director Wiktor Moroz.

Mobile Application and Website development - amortization

The Company is using straight - line amortization for our mobile application and website since they are fully operational as of January 15, 2022.

Mobile Application and Website – $41,000.

Term of amortization – 60 months (5 years).

Since Inception to October 31, 2023 the company’s accumulated amortization was $14,695.

Interest Payable Note

The Company holds Promissory note payable of $41,000, as per contract the company has to pay interest of 10% annually. As of October 31, 2023 the Company’s Interest payable is $7,355.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

As of October 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

XML

LOAN FROM DIRECTOR

9 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

LOAN FROM DIRECTOR

NOTE 4 – LOAN FROM DIRECTOR

As of October 31, 2023, the Company owed $19,644 to the Company’s sole director, Wiktor Moroz for the Company’s working capital purposes. The amount is outstanding and payable upon request. The company compensated the director by issuing common shares 2,500,000 at par value $250 towards incurred company’s expenses as of January 10, 2022.

XML

COMMON STOCK

9 Months Ended

Oct. 31, 2023

Equity [Abstract]

COMMON STOCK

NOTE 5 – COMMON STOCK

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

On January 10, 2022 the Company issued 2,500,000 shares of common stock to a director for services rendered estimated to be $250 at $0.0001 per share.

In July of 2022, the Company issued 167,500 common shares to few individuals at $0.02 per share in consideration of $3,350.

There were 2,667,500 shares of common stock issued and outstanding as of July 31, 2022.

In October of 2022, the Company issued 625,250 common shares to few individuals at $0.02 per share in consideration of $12,505.

There were 3,292,750 shares of common stock issued and outstanding as of October 31, 2022.

In January, the Company issued 275,000 common shares to few individuals at $0.02 per share in consideration of $5,500.

There were 3,567,750 shares of common stock issued and outstanding as of January 31, 2023.

In April, the Company issued 65,000 common shares to few individuals at $0.02 per share in consideration of $1,300.

There were 3,632,750 shares of common stock issued and outstanding as of October 31, 2023.

XML

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Oct. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Our sole officer and director, Wiktor Moroz, has agreed to provide his own premise under office needs. He will not take any fee for these premises, it is for free use.

XML

INCOME TAXES

9 Months Ended

Oct. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 7 – INCOME TAXES

On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows:

	October 31, 2023
Tax benefit (expenses) at U.S. statutory rate	$	(937	)
Change in valuation allowance		937
Tax benefit (expenses), net	$	–

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows:

	October 31, 2023
Net operating loss	$	13,103
Valuation allowance		(13,103	)
Deferred tax assets, net	$	–

The Company has accumulated approximately $62,395 of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which begin to expire in year 2038. 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 of 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.

XML

SUBSEQUENT EVENTS

9 Months Ended

Oct. 31, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to October 31, 2023 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.

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.

The Company’s year-end is January 31.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements of the Company. In the opinion of management, these financial statements reflect all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended January 31, 2023. Interim results are not necessarily indicative of the results that may be expected for a full year or any other interim period.

Revenue

Revenue

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the period ended October 31, 2023, we have generated $3,600 revenue.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company issued 2,500,000 common shares for $250 at par value $0.0001 for the purpose of taking care of financial operations for the Company by the director Wiktor Moroz.

Mobile Application and Website development - amortization

Mobile Application and Website development - amortization

The Company is using straight - line amortization for our mobile application and website since they are fully operational as of January 15, 2022.

Mobile Application and Website – $41,000.

Term of amortization – 60 months (5 years).

Since Inception to October 31, 2023 the company’s accumulated amortization was $14,695.

Interest Payable Note

Interest Payable Note

The Company holds Promissory note payable of $41,000, as per contract the company has to pay interest of 10% annually. As of October 31, 2023 the Company’s Interest payable is $7,355.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Basic Income (Loss) Per Share

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

As of October 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

XML

INCOME TAXES (Tables)

9 Months Ended

Oct. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of income tax expense

	October 31, 2023
Tax benefit (expenses) at U.S. statutory rate	$	(937	)
Change in valuation allowance		937
Tax benefit (expenses), net	$	–

Schedule of deferred tax assets

	October 31, 2023
Net operating loss	$	13,103
Valuation allowance		(13,103	)
Deferred tax assets, net	$	–

XML

GOING CONCERN (Details Narrative) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 62,395	$ 22,921
Notes and Loans Payable	$ 41,000

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Jan. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Revenues		$ 3,600	$ 0	$ 3,600	$ 0
Finite-Lived Intangible Assets, Accumulated Amortization		14,695		14,695		$ 8,548
Notes and Loans Payable		41,000		41,000
Interest Payable		7,355		$ 7,355
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				0
Mobile Application And Website [Member]
Defined Benefit Plan Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross		$ 41,000		$ 41,000
Finite-Lived Intangible Asset, Useful Life		5 years		5 years
Finite-Lived Intangible Assets, Accumulated Amortization		$ 14,695		$ 14,695
Wiktor Moroz [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services	2,500,000
Stock Issued During Period, Value, Issued for Services	$ 250

XML

LOAN FROM DIRECTOR (Details Narrative) - Wiktor Moroz [Member] - USD ($)	1 Months Ended
	Jan. 31, 2022	Oct. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Notes Payable, Noncurrent		$ 19,644
Stock Issued During Period, Shares, Issued for Services	2,500,000
Stock Issued During Period, Value, Issued for Services	$ 250

XML

COMMON STOCK (Details Narrative) - USD ($)	1 Months Ended					9 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Jan. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Common Stock, Shares Authorized		75,000,000				75,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0001				$ 0.0001
Proceeds from Issuance of Common Stock						$ 1,300	$ 15,855
Common Stock, Shares, Outstanding		3,567,750	3,292,750	2,667,500		3,632,750	3,292,750
Common Stock, Shares, Issued		3,567,750	3,292,750	2,667,500		3,632,750	3,292,750
A Few Individuals [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues	65,000	275,000	625,250	167,500
Proceeds from Issuance of Common Stock	$ 1,300	$ 5,500	$ 12,505	$ 3,350
Wiktor Moroz [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services					2,500,000
Stock Issued During Period, Value, Issued for Services					$ 250

XML

INCOME TAXES (Details - Tax expense) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Tax benefit (expenses) at U.S. statutory rate			$ (937)
Change in valuation allowance			937
Tax benefit (expenses), net	$ 0	$ 0	$ 0	$ 0

XML

INCOME TAXES (Details - Deferred taxes)	Oct. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Net operating loss	$ 13,103
Valuation allowance	(13,103)
Deferred tax assets, net	$ 0

XML

INCOME TAXES (Details Narrative)	Oct. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 62,395