Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 205

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 3
Chunk 205
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31, 2025  January 31, 2024   USA  UK  Total  USA  UK  Total Net operating loss carryforward $(192,368) $(148,269) $(340,638) $(130,328) $(119,598) $(249,927)Statutory tax rate  21%  25%  23%  21%  25%  23%Deferred tax asset  (40,397)  (37,067)  (77,464)  (27,369)  (29,900)  (57,268)Less: Valuation allowance  40,397   37,067   77,464   27,369   29,900   57,268 Net deferred asset $-  $-  $-  $-  $-  $-  As of January 31, 2025, the Company has approximately $341,000 of net operating losses (“NOL”) generated through January 31, 2025 carried forward to offset taxable income in future years which expire commencing in fiscal 2023. NOLs generated in the United States for tax years prior to December 31, 2017, can be carried forward for twenty years, whereas NOLs generated after December 31, 2017 can be carried forward indefinitely in USA and can be carried forward for four years in Great Britain. 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 assets relating to NOLs for every period because it is more likely than not that all of the deferred tax assets will not be realized. Utilization of the NOL carry forwards may be subject to an annual limitation due to ownership change limitations that may have occurred or that could occur in the future, as required by Section 382 of the Internal Revenue Code of 1986, as amended (