Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 371

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 4
Chunk 371
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Expenses

Operating
expenses for the years ended March 31, 2025 and March 31, 2024 were $168,163 and $164,424, respectively. The operating expenses during
the year ended March 31, 2025 and March 31, 2024 were primarily attributed to advertising and promotion expenses, consulting expenses,
professional fees related to the Company’s yearly audit and quarterly reviews, and general expenses related to travel to visit
the Company’s factories in Portugal. 

38

 Net
loss

We
reported a net loss of $160,011 and $163,553 for the years ended March 31, 2025 and March 31, 2024, respectively. The ongoing loss was
primarily due to the consulting expenses, professional fees, advertising and promotion, and travel expenses as indicated above

During
the years ended March 31, 2025 and March 31, 2024 the Company recorded $59,574 and $30,073 in Legal and Professional fees The increase
mainly represents increased legal expenses related to the Company’s regulatory filings. The Company expects professional fee costs
to increase as the Company may file a registration statement in the future. Furthermore, the Company is a public reporting company with
the Securities and Exchange Commission, which requires that it maintain relationships with both PCAOB registered audit firms and securities
counsel to assist with the SEC reporting requirements. In addition, the Company may also attempt to purchase other entities or assets
and operations of other entities if the advantageous situation presents itself. This could require the Company to incur substantial professional
fees.

The
Company has also reported $35,301 in General and Administrative Expenses for the year ended March 31, 2025 as compared to $49,699 for
the year ended March 31, 2024. The decrease in General and Administrative Expenses was primarily attributed to reduced travel expense
related to visiting our manufacturer in Porto, Portugal. In addition, the Company reported $24,942 in Advertising and Promotional Expenses
for the year ended March 31, 2025 as compared to $45,662 for the year ended March 31, 2024. The decrease in Advertising and Promotion
Expenses is primarily attributed to the Company’s reduced expenses to our marketing agency since our web site design and photoshoot
have already been expensed in previous quarters. The Company expects to increase its advertising and promotional budget going forward
upon completion of a capital raise.