LSEB Creative Corp. Files Q1 2025 10-Q
Ticker: LSEB · Form: 10-Q · Filed: Aug 19, 2024 · CIK: 1888740
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
LSEB Creative Corp. 10-Q filed. Financials for Q1 2025 out.
AI Summary
LSEB Creative Corp. filed its 10-Q for the period ending June 30, 2024. The company, incorporated in Wyoming and operating in the Men's & Boys' Furnishings sector, reported its financial status. The filing includes data related to common stock, additional paid-in capital, and retained earnings for the periods ending March 31, 2023, March 31, 2024, and June 30, 2023, and June 30, 2024.
Why It Matters
This filing provides investors with an update on LSEB Creative Corp.'s financial health and performance for the first quarter of fiscal year 2025, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information without immediate red flags.
Key Numbers
- 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-08-19 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 0331 — Fiscal Year End (Specifies the end date of the company's fiscal year.)
Key Players & Entities
- LSEB Creative Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240819 (date) — Filing date
- Wyoming (location) — State of incorporation
- Sheridan, WY (location) — Business and mailing address
FAQ
What is the primary business of LSEB Creative Corp. according to the filing?
LSEB Creative Corp. operates within the Men's & Boys' Furnishings, Work Clothing, and Allied Garments industry, as indicated by SIC code 2320.
For which fiscal period is this 10-Q filing?
This 10-Q filing is for the period ending June 30, 2024, which corresponds to the first quarter of the company's fiscal year 2025.
Where is LSEB Creative Corp. incorporated and headquartered?
The company is incorporated in Wyoming (WY) and its business and mailing address is located at 30 N. Gould Street, #4000, Sheridan, WY 82801.
What financial components are specifically mentioned for comparison across different periods?
The filing references data for us-gaap:CommonStockMember, us-gaap:AdditionalPaidInCapitalMember, and us-gaap:RetainedEarningsMember for the periods ending March 31, 2023, March 31, 2024, June 30, 2023, and June 30, 2024.
What is the SEC file number for LSEB Creative Corp.?
The SEC file number for LSEB Creative Corp. is 000-56443.
Filing Stats: 4,547 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-08-19 17:04:51
Key Financial Figures
- $127,124 — es. As of June 30, 2024 the Company has $127,124 in inventory valued at cost. Inventory
- $800 — he current term of lease is approx. USD $800 (CAD $1,000) per month for 8 months sta
- $1,000 — term of lease is approx. USD $800 (CAD $1,000) per month for 8 months starting from J
- $0.10 — Company issued 37,000 common shares at $0.10 per share for cash payment of $ 3,700 .
Filing Documents
- lseb-10q.htm (10-Q) — 445KB
- lseb-ex31_1.htm (EX-31.1) — 20KB
- lseb-ex31_2.htm (EX-31.2) — 10KB
- lseb-ex32_1.htm (EX-32.1) — 5KB
- lseb-ex32_2.htm (EX-32.2) — 7KB
- 0001199835-24-000357.txt ( ) — 2207KB
- lseb-20240630.xsd (EX-101.SCH) — 20KB
- lseb-20240630_cal.xml (EX-101.CAL) — 27KB
- lseb-20240630_def.xml (EX-101.DEF) — 29KB
- lseb-20240630_lab.xml (EX-101.LAB) — 136KB
- lseb-20240630_pre.xml (EX-101.PRE) — 107KB
- lseb-10q_htm.xml (XML) — 249KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS The accompanying consolidated financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Companys Annual Report on Form 10-K for the fiscal year ended March 31, 2024. In the opinion of management, the accompanying financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Companys financial position and the results of its operations and its cash flows for the periods shown. The preparation of these financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. Page | 5 LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending June 30, 2024 and 2023 5. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash As of June 30, 2024, the Company had a cash balance of $ 1,789 (March 31, 2024: $ 4,448 ). Cash includes cash on hand and balances with banks. Reclassification Certain prior year amounts have been reclassified for comparative purposes to conform to the current year financial statement presentation. These reclassifications had no effect on previous reported results of operations. Leases At the lease commencement date, right-of-use (ROU) assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term, which includes all fixed obligations arising from the lease contract. If an interest rate is not explicit in a lease, the Company utilizes its incremental borrowing rate for a period that closely matches the lease term. The Company has elected not