Company: NTCS
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001683168-25-004268
Chunk: 254

Company: Natics Corp.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 8
Chunk 254
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 has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The 21% tax rate provision for Federal income tax consists of the following:

    April 30, 2025 
    April 30, 2024
  
    Federal income tax benefit attributable to: 

    Current operations 
    $(17,375) 
    $(8,754)
  
    Related party accruals 
     –  
     – 
  
    Less: change in valuation allowance 
     17,375  
     8,754 
  
    Net provision for Federal income taxes 
    $–  
    $– 

The cumulative tax effect at the expected rate of 21% of significant
items comprising our net deferred tax amount is as follows:

    April 30, 2025 
    April 30, 2024

    Deferred tax asset attributable to: 

    Net operating loss carry over 
    $8,620  
    $2,554 
  
    Related party accruals 
     –  
     – 
  
    Less: valuation allowance 
     (8,620) 
     (2,554)
  
    Net deferred tax asset 
    $–  
    $– 

NOTE 9 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) the Company
has analyzed its operations subsequent to April 30, 2025 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.

Management expects that its business will be impacted
to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which
it may have an impact cannot be determined at this time.

 F-12