Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 32

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 1
Chunk 32
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 maker (“CODM”) is its Chief Executive Officer. The accounting policies of the Saas entertainment segment are as described in the summary of significant accounting policies. The CODM evaluates the performance of the Saas segment based on the Company’s net loss as reported in the Consolidated Statements of Operations. The Company’s segment assets are reported on the Consolidated Balance Sheets. The CODM reviews performance based on gross profit, operating profit and net earnings. Operating profit is reviewed to monitor the operating and administrative expenses of the Company. Profitability is important to the Company’s ability to grow and expand operations and strategic initiatives. The Company does not have any operations or sources of revenue from its 80% owned subsidiary outside of Great Britian. 

NOTE 10 – INCOME TAX The Company provides for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

 F-14Table of Contents

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory federal income tax rate at 21% and Great Britain income tax rate at 25% to the income tax amount recorded for the years ended January 31, 2025 and 2024 is as follows:   Year Ended  Year Ended   January 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