Ultimate Rack, Inc.
CIK:0001540237|SEC Filings
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Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Jul. 31, 2014
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Jul. 31, 2013
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Jul. 31, 2014
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Jul. 31, 2013
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| Statements Of Operations | ||||
| Revenue | ||||
| Operating Expenses | ||||
| Professional fees | 914 | 2,897 | 12,715 | 16,791 |
| General and administrative | 6,473 | 16 | 6,754 | 64 |
| Total operating expenses | 7,387 | 2,913 | 19,469 | 16,855 |
| Loss from Operations | (7,387) | (2,913) | (19,469) | (16,855) |
| Income Tax Provision | ||||
| Net loss | $ (7,387) | $ (2,913) | $ (19,469) | $ (16,855) |
| Net loss per share | ||||
| - Basic and Diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted average common shares outstanding | ||||
| - Basic and Diluted | 154,800,000 | 154,800,000 | 154,800,000 | 154,800,000 |
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Statements of Cash Flows (Unaudited) (USD $)
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9 Months Ended | |
|---|---|---|
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Jul. 31, 2014
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Jul. 31, 2013
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| Cash Flows from Operating Activities | ||
| Net loss | $ (19,469) | $ (16,855) |
| Changes in operating assets and liabilities: | ||
| Accounts payable | (3,450) | |
| Accrued expenses | (4,750) | 7,402 |
| Payroll liabilities | ||
| Net Cash Used in Operating Activities | (24,219) | (12,903) |
| Cash Flows from Financing Activities | ||
| Advances from stockholder | 7,257 | |
| Capital contribution | 15,100 | |
| Net Cash Provided by Financing Activities | 22,357 | |
| Net Change in Cash | (1,862) | (12,903) |
| Cash - beginning of reporting period | 1,862 | 17,851 |
| Cash - end of reporting period | 4,948 | |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | ||
| Income tax paid | ||
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Balance Sheets (USD $)
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Jul. 31, 2014
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Oct. 31, 2013
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|---|---|---|
| Current Assets | ||
| Cash | $ 1,862 | |
| Total current assets | 1,862 | |
| Total Assets | 0 | 1,862 |
| Current Liabilities | ||
| Accounts payable | ||
| Accrued expenses | 4,750 | |
| Advances from stockholder | 7,257 | |
| Total current liabilities | 7,257 | 4,750 |
| Stockholders' Deficit | ||
| Preferred Stock par value $0.001: 200,000,000 shares authorized; none issued or outstanding | ||
| Common stock par value $0.001: 200,000,000 shares authorized; 154,800,000 shares issued and outstanding | 154,800 | 154,800 |
| Additional paid-in capital | (77,442) | (92,542) |
| Accumulated deficit | (84,615) | (65,146) |
| Total Stockholders' Deficit | (7,257) | (2,888) |
| Total Liabilities and Stockholders' Deficit | $ 0 | $ 1,862 |