SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

          {x} QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2004

                                       OR

          { } TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

              FOR THE TRANSITION PERIOD FROM ________ TO __________

                         REGISTRATION NUMBER 333-101960

                               IDEAL ACCENTS, INC.
             (Exact name of registrant as specified in its charter)

               FLORIDA                                   65-0888146
           (State or other jurisdiction of          (I.R.S. Employer
           incorporation or organization)          Identification No.)



                  10200 W. EIGHT MILE, FERNDALE, MICHIGAN 48220
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (248) 542-1100

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                                         YES [X]                      NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

       Class                                   Outstanding As of March 31, 2004
       Common Stock $ .001 par value                     11,713,273


<PAGE>


This report has not been reviewed by the independent auditor in accordance with
the Act, however, the Company intends to submit an amended report reviewed by
the independent auditor.

                          PART I: FINANCIAL INFORMATION

         INDEPENDENT AUDITORS' REPORT ON REVIEW OF FINANCIAL INFORMATION

Ideal Accents, Inc. and Subsidiaries
(A Florida Corporation)
Miami, Florida

        We have reviewed the  accompanying  consolidated  balance sheet of Ideal
Accents, Inc. and Subsidiaries (A Florida Corporation) as of March 31, 2004, the
related  consolidated  statements of operations and comprehensive income (loss),
consolidated  statements of changes in stockholders' equity (deficit),  and cash
flows for the  three  months  ended  March 31,  2004 and 2003.  All  information
included in these financial  statements is the  responsibility of the management
of Ideal Accents, Inc. and Subsidiaries.

        We conducted our reviews in accordance with standards established by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial data and of making inquiries of persons  responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing  standards  generally  accepted in the United States of
America,  the objective of which is the  expression of an opinion  regarding the
financial  statements taken as a whole.  Accordingly,  we do not express such an
opinion.

        Based on our  reviews,  we are not aware of any  material  modifications
that should be made to the accompanying  financial  statements in order for them
to be in conformity with accounting  principles generally accepted in the United
States of America.

        We have  previously  audited,  in  accordance  with  auditing  standards
generally  accepted in the United States of America,  the  consolidated  balance
sheet (presented herein) of Ideal Accents,  Inc. and Subsidiaries as of December
31, 2003, and the related  consolidated  statements of changes in  stockholders'
equity  (deficit),  operations,  and cash  flows  for the year then  ended  (not
presented herein);  and in our report,  dated February 27, 2004, we expressed an
unqualified opinion on those consolidated financial statements.  In our opinion,
the information set forth in the accompanying  consolidated  balance sheet as of
December  31,  2003 is fairly  stated,  in all  material  respects.  No auditing
procedures have been performed subsequent to the date of our report.

        The accompanying  financial  statements have been prepared assuming that
the Company  will  continue as a going  concern.  As  discussed in Note E to the
financial  statements,  the Company has  incurred a net loss of $280,494 for the
quarter ended March 31, 2004 and has incurred substantial net losses for each of
the past two years. At March 31, 2004, current liabilities exceed current assets
by $1,719,541 and total  liabilities  exceed total assets by  $3,060,496.  These
conditions  raise  substantial  doubt  about its  ability to continue as a going
concern.  Management's  plans regarding these matters are also described in Note
E. The  financial  statements do not include any  adjustments  that might result
from the outcome of this uncertainty.

/s/ Rotenberg & Co., LLP
--------------------------------
Rotenberg & Co., LLP
Rochester, New York
  May 11, 2004


<PAGE>


  The accompanying notes are an integral part of these financial statements.


IDEAL ACCENTS INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA

CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                             (UNAUDITED)
                                                              MARCH 31,     December 31,
                                                                2004            2003
                                                             -----------    ------------
ASSETS

CURRENT ASSETS
<S>                                                        <C>            <C>
Cash and Cash Equivalents                                   $     6,986    $    11,016
Accounts  Receivable  - Net  of  Allowance  for  Doubtful       559,902        662,328
Accounts
Inventory - Net of Valuation Allowance                          408,235        437,674
Prepaid Expenses and Other Current Assets                        38,050         16,338
                                                            -----------    -----------
TOTAL CURRENT ASSETS                                          1,013,173      1,127,356

PROPERTY AND EQUIPMENT - NET OF ACCUMULATED DEPRECIATION        297,952        326,646

INTANGIBLE ASSETS - NET OF ACCUMULATED AMORTIZATION              62,627         72,797

Other Assets                                                     20,055         19,559
                                                            -----------    -----------
TOTAL ASSETS                                                $ 1,393,807    $ 1,546,358
                                                            ===========    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
Accounts Payable                                            $ 1,710,000    $ 1,843,344
Lines of Credit                                                 164,436        158,404
Notes and Capital Leases Payable - Due Within One Year          625,762        656,444
Accrued Payroll                                                 104,717        400,789
Due to Related Party - Due Within One Year                      104,475        104,475
Accrued Liabilities and Other Current Liabilities                23,324         79,317
                                                            -----------    -----------
TOTAL CURRENT LIABILITIES                                     2,732,714      3,242,773

Due to Related Party - Due After One Year                     1,329,410      1,196,312
Notes and Capital Leases Payable - Due After One Year           182,480        213,018
Subscriptions Payable                                            92,396         56,112
Notes Payable - Officers/Stockholders                           117,303         29,200
                                                            -----------    -----------
TOTAL LIABILITIES                                             4,454,303      4,737,415
                                                            -----------    -----------

STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock                                                     11,713          9,969
Additional Paid-In Capital                                      454,362         59,413
Retained Earnings (Deficit)                                  (3,380,055)    (3,099,561)
Accumulated Comprehensive Income (Loss)                        (146,516)      (160,878)

TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                         (3,060,496)    (3,191,057)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)        $ 1,393,807    $ 1,546,358
                                                            ===========    ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.


<PAGE>


IDEAL ACCENTS INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                            Accumulated                    Total
                                         Number                  Additional     Retained    Comprehensive              Stockholders'
                                          of           Common      Paid-In      Earnings        Income       Treasury     Equity
                                        Shares          Stock      Capital      (Deficit)       (Loss)         Stock     (Deficit)
                                      ----------      --------   ----------    -----------    ----------     ---------  ------------
<S>                                     <C>        <C>          <C>           <C>           <C>           <C>          <C>
BALANCE - JANUARY 1, 2003                9,968,255  $     9,969  $    59,493   $(1,866,945)  $    (4,973)  $    (1,000) $(1,803,456)
Net  Income  (Loss)  for  the  Period         --           --           --        (239,940)           --            --     (239,940)
Ended
Comprehensive  Income  (Loss) for the         --           --           --            --         (95,658)           --      (95,658)
Period Ended
                                       -----------  -----------  -----------   -----------   -----------   -----------  -----------
BALANCE - MARCH 31, 2003 (UNAUDITED)     9,968,255        9,969       59,493    (2,106,885)    (100,631)       (1,000)   (2,139,054)
Discounted Operations                           --           --            (80)         --           --         1,000           920
Net  Income  (Loss)  for  the  Period           --           --           --      (992,676)          --            --      (992,676)
Ended
Comprehensive  Income  (Loss) for the           --           --           --            --      (60,247)           --       (60,247)
Period Ended
                                       -----------  -----------  -----------   -----------   -----------   -----------  -----------
BALANCE - DECEMBER 31, 2003              9,968,255        9,969       59,413    (3,099,561)     (160,878)         --     (3,191,057)
Common Stock Issued for Cash                50,000           50       39,950            --           --           --         40,000
Common  Stock  Issued in Exchange for
Services                                   100,000          100       30,493            --           --            --        30,593
  Rendered
Common  Stock  Issued in  Exchange of      656,510          656      325,444            --           --            --       326,100
Debt
Common Stock Issued in Exchange for
  Exchangeable Stock                       938,508          938         (938)           --           --            --           --
Net  Income  (Loss)  for  the  Period           --           --           --       (280,494)         --            --      (280,494)
Ended
Comprehensive  Income  (Loss) for the           --           --           --            --       14,362          --          14,362
Period Ended
                                       -----------  -----------  -----------   -----------   -----------   -----------  -----------
BALANCE - MARCH 31, 2004 (UNAUDITED)    11,713,273  $    11,713  $   454,362   $(3,380,055)  $  (146,516)  $      --    $(3,060,496)
                                       ===========  ===========  ===========   ===========   ===========   ===========  ===========
</TABLE>

  The accompanying notes are an integral part of these financial statements.


<PAGE>


IDEAL ACCENTS INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA

<TABLE>
<CAPTION>
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

Three Months Ended March 31,                                         2004          2003
                                                                  ---------     ----------
<S>                                                              <C>            <C>
SALES                                                            $1,408,428     $1,799,418

COST OF GOODS SOLD                                                1,072,436     1,304,430
                                                                  ---------     ----------
GROSS PROFIT                                                        335,992       494,988
                                                                  ---------     ----------
OPERATING EXPENSES
Advertising and Promotion                                            18,174        10,895
Selling, General and Administrative                                 520,469       608,114
Depreciation and Amortization                                        41,969        46,726
Interest                                                             35,874        69,170
                                                                  ---------     ----------
TOTAL OPERATING EXPENSES                                            616,486       734,905
                                                                  ---------     ----------
INCOME (LOSS) FROM CONTINUING  OPERATIONS  BEFORE PROVISION        (280,494)     (239,917)
FOR TAXES
Provision for Taxes                                                      --             --
                                                                  ---------     ----------

INCOME (LOSS) FROM CONTINUING OPERATIONS                           (280,494)     (239,917)
                                                                  ---------     ---------
Income  (Loss)  from  Discontinued   Operations  -  Net  of              --           (23)
Applicable Taxes
                                                                  ---------     ----------
NET INCOME (LOSS)                                                $ (280,494)   $ (239,940)
                                                                  =========     ==========

Comprehensive Income (Loss)
Foreign Currency Translation                                         14,362       (95,658)
                                                                  ---------     ----------

COMPREHENSIVE INCOME (LOSS)                                      $ (266,132)   $ (335,598)
                                                                  =========     ==========

INCOME (LOSS) PER COMMON SHARE -
   BASIC                                                          $   (0.05)    $   (0.05)
   DILUTED                                                        $   (0.05)    $   (0.05)

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
    BASIC                                                         6,141,368     5,218,774
    DILUTED                                                       6,801,418     6,157,282
                                                                  =========     ==========
</TABLE>

  The accompanying notes are an integral part of these financial statements.


<PAGE>


IDEAL ACCENTS INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA
<TABLE>
<CAPTION>
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

For the Three Months Ended March 31,                              2004          2003
                                                             ----------    ----------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                          <C>          <C>
Net Income (Loss) for the Year                                $(280,494)   $(239,940)

NON-CASH ADJUSTMENTS:
Depreciation and Amortization                                    41,969       46,726
Common Stock Issued in Exchange for Services Rendered            10,198           --

CHANGES IN ASSETS AND LIABILITIES
Accounts Receivable                                             102,426      (71,242)
Inventory                                                        29,439       37,563
Prepaid Expenses and Other Current Assets                        (1,317)      12,660
Other Assets                                                       (496)     (33,811)
Accounts Payable                                               (133,344)      79,287
Accrued Payroll                                                  30,028           --
Accrued Liabilities and Other Current Liabilities               (55,993)      94,312
                                                              ---------    ---------
NET CASH FLOWS FROM OPERATING ACTIVITIES                       (257,584)     (74,445)
                                                              ---------    ---------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property and Equipment                               (3,105)     (19,354)
                                                              ---------    ---------

NET CASH FLOWS FROM INVESTING ACTIVITIES                         (3,105)     (19,354)
                                                              ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds (Repayment) from Lines of Credit                         6,032      (34,215)
Proceeds (Repayment) from Notes and Capital Leases Payable      (61,220)      76,468
Proceeds (Repayment) from Notes Payable -                        88,103      (51,687)
Officers/Stockholders
Proceeds from Subscriptions Payable                              36,284           --
Proceeds from Due to Related Party                              133,098      200,703
Proceeds from Issuance of Common Stock                           40,000           --
                                                              ---------    ---------

NET CASH FLOWS FROM FINANCING ACTIVITIES                        242,297      191,269
                                                              ---------    ---------

EFFECT OF EXCHANGE RATE CHANGES
  ON CASH AND CASH EQUIVALENTS                                   14,362      (98,328)
                                                              ---------    ---------

Net Change in Cash and Cash Equivalents                          (4,030)        (858)

Cash and Cash Equivalents - Beginning of Period                  11,016        3,592

CASH AND CASH EQUIVALENTS - END OF PERIOD                     $   6,986    $   2,734
                                                              =========    =========
NON-CASH INVESTING AND FINANCING TRANSACTIONS

COMMON STOCK ISSUED IN EXCHANGE FOR SERVICES RENDERED            20,395           --
COMMON STOCK ISSUED IN EXCHANGE OF DEBT                         326,100           --
COMMON STOCK ISSUED IN EXCHANGE FOR EXCHANGEABLE SHARES             938           --

SUPPLEMENTAL DISCLOSURE OF CASH PAID FOR INTEREST AND TAXES

                                                              =========    =========
INTEREST                                                      $  23,165    $  69,170
TAXES                                                         $      --    $      --
                                                              =========    =========
</TABLE>

   The accompanying notes are an integrel part of these financial statements.


<PAGE>


IDEAL ACCENTS, INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
------------------------------------------------------------------------------


NOTE A -          BASIS OF PRESENTATION
        The condensed consolidated financial statements of Ideal Accents, Inc.
        and Subsidiaries (the "Company") included herein have been prepared by
        the Company, without audit, pursuant to the rules and regulations of the
        Securities and Exchange Commission (the "SEC"). Certain information and
        footnote disclosures normally included in financial statements prepared
        in conjunction with accounting principles generally accepted in the
        United States of America have been condensed or omitted pursuant to such
        rules and regulations, although the Company believes that the
        disclosures are adequate to make the information presented not
        misleading. These condensed consolidated financial statements should be
        read in conjunction with the annual audited financial statements and the
        notes thereto, included in the Company's Form 10K Annual Report and
        other filings with the SEC.

        The accompanying unaudited interim consolidated financial statements
        reflect all adjustments of a normal and recurring nature which are, in
        the opinion of management, necessary to present fairly the financial
        position, results of operations and cash flows of the Company for the
        interim periods presented. The results of operations for these periods
        are not necessarily comparable to, or indicative of, results of any
        other interim period of or for the fiscal year taken as a whole. Factors
        that affect the comparability of financial data from year to year and
        for comparable interim periods include non-recurring expenses associated
        with the Company's registrations with the SEC and the seasonal
        fluctuations of the business. Certain financial information that is not
        required for interim financial reporting purposes has been omitted.

NOTE B -          FOREIGN CURRENCY TRANSLATION
        The Company's foreign operations in Toronto Ontario, Canada, are
        measured using the local currency as the functional currency. Assets and
        liabilities are translated at exchange rates as of the balance sheet
        date. Revenues, expenses and cash flows are translated at weighted
        average rates of exchange in effect during the year. The resulting
        cumulative translation adjustments have been recorded as a separate
        component of stockholder's equity and comprehensive income. Foreign
        currency transaction gains and losses are included in net income.
        Foreign currency cash flows are translated at the weighted average rate
        of exchange in effect during the period due to the minimal fluctuation
        in the currency exchange rates during the period. Management believes
        that substantially the same results would be derived if foreign cash
        flows were translated at the rates in effect at the time of the cash
        flows.

NOTE C -          RECLASSIFICATIONS
        Certain amounts in the prior year financial statements have been
        reclassified to conform with the current year presentation

NOTE D -          COMMON STOCK TRANSACTIONS
        During the period ended March 31, 2004, the Company issued 656,610 of
        common stock to officers of the Company for services rendered during
        2003 in the amount of $326,100.

        During the quarter ended March 31, 2004, the Company exchanged 938,508
        of common stock to holders of exchangeable shares of Ideal Accents (Nova
        Scotia) Company, a Nova Scotia corporation and Ideal Accents Holding,
        Inc., an Ontario corporation. The Company acquired all the common stock
        of the two Canadian companies through the issuance of common stock and
        exchangeable shares during December 2001. The exchangeable shares can
        converted into common stock of Ideal for a total of 5,250,958 common
        shares.


<PAGE>


IDEAL ACCENTS, INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
------------------------------------------------------------------------------

NOTE E -          GOING CONCERN
        The accompanying financial statements have been prepared in conformity
        with generally accepted accounting principles, which contemplates
        continuation of the Company as a going concern. However, the Company has
        sustained substantial operating losses in recent years. In addition, the
        Company has used substantial amounts of working capital in its
        operations. Further, at March 31, 2004, current liabilities exceed
        current assets by $1,719,541, and total liabilities exceed total assets
        by $3,060,496.

        In view of these matters, realization of a major portion of the assets
        in the accompanying balance sheet is dependent upon continued operations
        of the Company, which in turn is dependent upon the Company's ability to
        meet its financing requirements, and the success of its future
        operations. Management believes that actions presently being taken to
        revise the Company's operating and financial requirements provide the
        opportunity for the Company to continue as a going concern.

        Management's plan to mitigate the Company's adverse financial condition
        stated above is as follows: The Company plans improve liquidity by
        securing private placement money from outside investors, factor
        additional receivables, and negotiate the conversion of debt into common
        stock. To increase revenues the Company plans to develop mobile
        installation capability, which would allow for the Company to expand the
        Company's market reach and revenue base. Lastly, the Company plans to
        acquire additional companies, which will allow the Company to be able to
        centralize support functions (accounting, purchasing, marketing, etc.)
        of the acquired company and effect economies of scale.


<PAGE>


  INDEPENDENT ACCOUNTANTS' REPORT ON CONSOLIDATED SUPPLEMENTARY INFORMATION


Ideal Accents, Inc. and Subsidiaries
(A Florida Corporation)
Miami, Florida

      Our report on our review of the consolidated financial statements of Ideal
Accents, Inc. and Subsidiaries for the period ended March 31, 2004 and 2003
appears on page 1. That review was made for the purpose of expressing limited
assurance that there are no material modifications that should be made to the
financial statements in order for them to be in conformity with generally
accepted accounting principles. The information included in the accompanying
supplementary schedules is presented only for supplementary analysis purposes.
Such information has been subjected to the inquiry and analytical procedures
applied in the review of the consolidated financial statements and we are not
aware of any material modifications that should be made thereto.



/s/ Rotenberg & Co., LLP
--------------------------------
Rotenberg & Co., LLP
Rochester, New York
  May 11, 2004


<PAGE>


IDEAL ACCENTS, INC. AND SUBSIDIARIES
(A FLORIDA CORPORATION)
MIAMI, FLORIDA


CONSOLIDATED SUPPLEMENTARY SCHEDULES (UNAUDITED)

For the Three Months Ended March 31,            2004           2003
                                           ---------      ---------
COST OF GOODS SOLD
Delivery Gas and Maintenance                $   28,406   $   33,968
Materials and Supplies                         606,425      729,255
Other Expenses                                   9,259       10,994
Shop Maintenance                                13,446       10,791
Temp Services:  Leased Employees               389,900      495,150
Utilities                                       25,000       24,272
                                            ----------   ----------
TOTAL COST OF GOODS SOLD                    $1,072,436   $1,304,430
                                            ----------   ----------

SELLING, GENERAL AND ADMINISTRATIVE
General Insurance                           $   26,959   $   16,735
Legal & Accounting                              29,531       16,308
Meals & Entertainment                           13,896       16,076
Office Expenses                                 56,716       81,509
Property Taxes                                     160        7,027
Rent                                            77,129       46,466
Telephone                                       26,639       25,308
Temp Services:  Leased Employees               289,439      398,685
                                            ----------   ----------
TOTAL SELLING, GENERAL AND ADMINISTRATIVE   $  520,469   $  608,114
                                            ==========   ==========


<PAGE>


                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF

                  FINANCIAL CONDITION AND RESULTS OF OPERATION

                           FOR THE THREE MONTHS ENDED

                             MARCH 31, 2004 AND 2003

FORWARD-LOOKING STATEMENTS. The statements contained in this report on Form 10Q
which are not historical facts, including (without limitation) in particular,
statements made in this Item, may contain forward-looking statements that are
subject to important factors that could cause actual results to differ
materially from those in the forward-looking statement, including (without
limitation) product demand; the effect of economic conditions; the impact of
competitive services, products, pricing; product development; parts supply
restraints or difficulties; industry regulation; the continued availability of
capital resources and financing and other risks set forth or incorporated herein
and in Ideal's Securities and Exchange Commission filings. Ideal does not
undertake to update any forward-looking statement that may be made from time to
time by or on its behalf.

INTRODUCTION. Ideal sells and installs a wide range of automotive aftermarket
accessories primarily to new vehicle dealers in South Eastern Michigan and
Toronto, Ontario, Canada.

Ideal generates revenue by the sale and installation of the following
accessories: Power Moonroofs, Manual & Topsliding Sunroofs, Carriage Roofs,
Custom Tops, Leather Seat Covers and Trim, Spoilers, Wood Dashes, Ground
Effects, Truck Accessories, Mobile Electronics, Entertainment Systems,
Navigation Systems, Telematics, and other Styling and Functional Accessories.

The following discussion and analysis of Ideal's financial condition and results
of operations should be read in conjunction with the financial statements
appearing in this Form 10Q.


RESULTS OF OPERATIONS. The following table sets forth statements of operations
data of Ideal expressed as a percentage of sales for the periods indicated:


<PAGE>


<TABLE>
<CAPTION>
                                               THREE MONTHS ENDED
                                                    MARCH 31
                                               2004          2003                 $ CHANGE
                                            ---------    ------------    -----------    ------------
<S>                                        <C>           <C>              <C>            <C>
Sales                                       1,408,400          100.00%     1,799,400          100.00%
Cost of Goods Sold                          1,072,400           76.14%     1,304,400           72.49%
                                           ----------    ------------     ----------    ------------
Gross Profit                                  336,000           23.86%       495,000           27.51%
Operating Expenses
Advertising and Promotion                      18,200            1.29%        10,900            0.61%
Selling, General and Administrative           520,500           36.96%       608,100           33.79%
Depreciation and Amortization                  42,000            2.98%        46,700            2.60%
Interest Expense                               35,900            2.55%        69,200            3.85%
                                           ----------    ------------     ----------    ------------
Total Operating Expenses                      616,500           43.77%       734,900           40.84%
                                           ----------    ------------     ----------    ------------
Income (Loss) From Continuing Operations
Before Provisions for Taxes                  (280,500)         -19.92%      (239,900)         -13.33%
Provision for Income Taxes                          0            0.00%             0            0.00%
Income (Loss) From Continuing Operations     (280,500)                      (239,900)
Loss From Discontinued Operations                   0            0.00%           (23)             --
                                           ----------    ------------     ----------    ------------
Net Income (Loss)                            (280,500)         -19.92%      (239,900)         -13.33%
                                           ==========    ============     ==========    ============

Foreign Currency Translation (Loss)            14,400            1.02%       (95,700)          -5.32%
Comprehensive Income (Loss)                  (266,100)         -18.89%      (335,600)         -18.65%
                                           ----------    ------------     ----------    ------------
</TABLE>
Three Month Ended March 31, 2004 Compared with Three Months Ended March 31,
2003

SALES. Sales for the three months ended March 31, 2004 decreased by $391,000 or
21.73% to $1,408,400 from $1,799,400 for the three months ended March 31, 2003.
The decrease was attributable to three principal factors in the Detroit,
Michigan and Toronto, Ontario automotive markets. The first factor was the
decline of new car sales, specifically the decline of new car sales for which
accessories were purchased. The second factor was the greater decline of new car
sales of domestics (i.e., cars manufactured in North America) than of imports
(i.e., cars manufactured outside North America). Our Michigan stores, which
contribute more than 90% of Company sales, and which accessorize domestics in
far greater percentage than imports, were significantly impacted by this second
factor. And the third factor was the change in new car lease terms offered by
automotive leasing companies in 2002 that eliminated the inclusion of the price
of new car accessories (including our products) as part of the price of the car
for purposes of determining the amount of the lease financing. Consequently,
financing for auto accessories, in some cases, was not available to some lease
customers.

COST OF GOODS SOLD-MATERIAL COSTS. Material costs for the three months ended
March 31, 2004 was $606,400 or 43.06% of sales compared to $729,300 or 40.53% of
sales for the three months ended March 31, 2003. The decrease in material costs
was due to the decrease in sales. The increase in material costs as a percentage
of sales occurred because sales were driven in part by pricing discounts to
customers.

COST OF GOODS SOLD-LABOR AND OVERHEAD. Labor and Overhead costs for the three
months ended March 31, 2004 was $466,000 or 33.09% of sales compared to $575,100
or 31.96% of sales for the three months ended March 31, 2003. The decrease was
primarily attributable to our reduction in labor cost for auto accessory
installers as a response to lower sales. The increase in labor and overhead
costs as a percentage of sales occurred primarily because labor and overhead
contained fixed costs which did not decrease as sales decreased.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and
administrative expenses for the three months ended March 31, 2004 was $520,500
or 36.96% of sales compared to $608,100 or 33.79% of sales for the three months
ended March 31, 2003. The increase in selling, general and administrative
expenses as a percentage of sales occurred because of two primary factors. The
first factor was because of the conversion of a capital lease on one of the
company's properties to an operating lease. Whereas the same installments under
the capital lease were treated as principal and interest, these same
installments are now treated as rental expense, a portion of which has had to be
added to the selling, general and administrative expense. The second factor was
because of the higher legal and accounting fees incurred in the final phase of
our company's going public process (Ideal first started trading on February 10,
2004 and had to submit its first audited financials as a publicly traded company
on March 30, 2004).

DEPRECIATION AND AMORTIZATION EXPENSE. Depreciation and amortization expense
decreased by $4,700 to $42,000 during the three months ended March 31, 2004 from
$46,700 for the three months ended March 31, 2003. The decrease was primarily
attributable to the conversion of a capital lease on one of the company's
properties to an operating lease. However, this decrease was partially offset by
the additional depreciating expense resulting from significant additions of
fixed assets during the fourth quarter of 2003.

INTEREST EXPENSE. Interest expense for the three months ended March 31, 2004
decreased by $33,300 to $35,900 from $69,200 for the three months ended March
31, 2003. The decrease in interest expense is due to the conversion of a capital
lease on one of the company's properties to an operating lease. Whereas the same
installments under the capital lease were treated as principal and interest,
these same installments are now treated as rental expense - with no interest
component.

PROVISION FOR INCOME TAXES. The provision for income taxes remained at zero for
the three months ended March 31, 2004 as it did for the three months ended March
31, 2003 as the company had no net income to report in either period.

NET INCOME. The net loss for the three months ended March 31, 2004 increased by
$40,600 to a net loss of $(280,500) from a net loss of $(239,900) for the three
months ended March 31, 2003 due to the factors discussed above.

COMPREHENSIVE INCOME (LOSS). Comprehensive loss for the three months ended March
31, 2004 decreased by $69,500 to a comprehensive loss of $(266,100) from a
comprehensive loss of $(335,600) for the three months ended March 31, 2003. The
decrease in the comprehensive loss was attributable to the decrease in the
translation loss on foreign currency used in the Company's Canadian subsidiary
operations.

Comprehensive income (loss) includes all changes in equity during the specified
period from transactions and events from non-owner sources. The only changes in
equity that are excluded from comprehensive income are those resulting from
investments by owners and distributions to owners. Other comprehensive income
generally includes revenues, expenses, gains and losses not included in net
income in accordance with generally accepted accounting principles.

CAPITAL RESOURCES AND LIQUIDITY

CAPITAL RESOURCES. Cash used in operations was $257,584 and $74,445 for the
three months ended March 31, 2004 and 2003, respectively. The increase in cash
used in operations resulted primarily from net losses of $(280,500), a decrease
in accounts receivables, inventory, accounts payables, and accrued liabilities.
The increase in cash used was partially offset by a decrease in prepaid expenses
and accrued payroll.

Cash used in investing activities was $3,105 and $19,354 for the three months
ended March 31, 2004 and 2003, respectively. The cash was used for purchases of
property and equipment in the three months ended March 31, 2004 and 2003.

Cash flow provided from financing activities was $242,297 and $191,269 for the
three months ended March 31, 2004 and 2003, respectively. The sources of cash
from financing activities included private placement investments and advances
from a related party, officers and stockholders. The uses of cash included
repayment of debt.


<PAGE>


LIQUIDITY. Ideal had a line of credit with Charter Bank with a maximum amount of
$50,000, which was converted to a three-year term loan in November 2001. The
line of credit bore interest at 2% above Charter Bank's prime rate (4% at March
31, 2004). The line was secured by substantially all of the assets of Ideal
Accents - Taylor and the personal guarantees of Joseph and Tamara O'Connor,
Thomas Sullivan and George Welch. The amounts outstanding on the bank obligation
at March 31, 2004 and 2003 were $10,700 and $26,300, respectively.


Ideal had a line of credit with Citizen's Bank with a maximum amount of
$200,000, which was converted to a three-year term loan in October 2003. The
line of credit bore interest at 1% above Citizen's prime rate (4% at March 31,
2004). The line was secured by substantially all of the assets of TOE, Inc. and
the personal guarantees of Joseph O'Connor, James Erickson and Thomas Sullivan.
The amounts outstanding on the bank obligation at March 31, 2004 and 2003 were
$169,300 and $197,300, respectively.


Ideal has a line of credit with Royal Bank of Canada with a maximum amount of
$164,600 at March 31, 2004. This line of credit bears interest at 2.5% above the
Royal Bank prime rate (4.25% at March 31, 2004). The line is secured by
substantially all of the assets of Somani Holdings, Inc. and the personal
guarantees of Ayaz and Naseem Somani. The amounts outstanding on the line of
credit at March 31, 2004 and 2003 were $164,400 and $166,500, respectively.


As of March 31, 2004, Ideal and its subsidiaries  were in compliance with all of
the loan covenants  pursuant to the  respective  loan  agreements  governing the
above loans.


INFLATION.  Ideal does not believe its operations have been materially  affected
by inflation.  Inflation is not expected to have a material future effect in the
near term.


RECENT  ACCOUNTING  PRONOUNCEMENTS.  There  are no  recently  issued  accounting
standards that would have a material impact on the financial statements.


PLAN OF OPERATIONS  FOR NEXT 12 MONTHS.  Management's  plan to mitigate  Ideal's
adverse financial condition is as follows:

IMPROVE LIQUIDITY:
o     Approach accredited investors and microcap capital sourcing firms for
      private placement moneys
o     Factor additional receivables as needed
o     Where possible, negotiate conversion of debt to equity with suppliers,
      professional services providers and related parties
CUT COSTS:
o     Reassess market coverage of each shop and consider combining shops to
      reduce overhead costs, if market coverage is either maintained or only
      marginally reduced
o     Reassess contribution of corporate personnel and consider combining more
      functions in fewer personnel, if corporate functionality is either
      maintained or only marginally reduced
INCREASE REVENUES:
o     Develop a mobile installation capability, whereby installation services
      are provided at dealer site rather than at installation center, and
      increase the Company's market reach and revenue potential
o     Where possible, acquire additional installation shops with equity

QUANTITATIVE AND QUALITATIVE DISCLOSURES OF MARKET RISK. Ideal is exposed to
financial market risk resulting from changes in interest rates. As a policy,
Ideal does not engage in speculative or leveraging transactions, nor hold or
issue financial instruments for trading purposes.

The nature and amount of Ideal's short-term and long-term debt can be expected
to vary as a result of future business requirements, market conditions and other
factors. As of March 31, 2004, all of Ideal's debt was fixed rate except for one
line of credit with Royal Bank of Canada, where the interest rate is 2.5% above
the bank's prime rate. Ideal's long-term debt includes approximately $106,610 of
capital lease obligations, and additional term and installment obligations of
approximately $701,632. While fluctuations in interest rates may affect the fair
value of this debt, interest expense will not be affected due to the fixed
interest rate of the notes and capital lease obligations.


<PAGE>


RISK FACTORS

GOING CONCERN QUALIFICATION:

Our auditors have included a "going concern" qualification in their report to
the effect that we have incurred a net loss of $280,494 for the quarter ended
March 31, 2004 and that we have incurred substantial losses for each of the past
two years. Our operating losses, and the fact that our current liabilities
exceed our current assets by $1,719,541 and total liabilities exceed total
assets by $3,060,496, raise substantial doubt as to our ability to continue as a
going concern. In addition, the existence of the "going concern" qualification
in our auditor's report may make it more difficult for us to obtain additional
financing and to implement any business acquisition. If we are unable to obtain
additional financing and operate profitably, our shareholders will lose their
investment.

FUNDING BY RELATED PARTIES:

We rely on loans from related parties, and personal guarantees by related
parties of our debt, to maintain operations. These related parties include
officers and directors of Ideal and companies they control. If these related
parties stopped extending credit to Ideal, we may be unable to continue doing
business and our shareholders will lose their investment. We have no assurance
that these related parties will continue to extend credit.


<PAGE>


                           PART II: OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS:

    A claim against our subsidiary, Somani Holdings, Inc. was dismissed in 2003.
    At this time there are no other legal proceedings in which Ideal, or any one
    of Ideal's subsidiaries are a party.

ITEM 2: CHANGES IN SECURITIES:

      During the period ended March 31, 2004, the Company issued the following
      common stock:
      o     656,510 of common stock to officers of the Company for services
            rendered during 2003 in the amount of $326,100
      o     50,000 of common stock to private placement subscribers
      o     100,000 of common stock to a service provider

      Additionally, during the period ended March 31, 2004, the Company
      exchanged 938,508 of common stock for "exchangeable" shares held by
      shareholders of Ideal Accents Holdings, Inc., a wholly owned subsidiary of
      the Company. These exchangeable shares carry voting rights of one vote per
      share on all matters coming before the shareholders of Ideal and are
      exchangeable at any time for common stock of Ideal. As of March 31, 2004,
      the shareholders of Ideal Accents Holdings, Inc. have a total of 4,312,450
      exchangeable shares that have not been exchanged for common stock in
      Ideal.

      As of March 31, 2004, Ideal has 11,713,273 shares of its common stock
      outstanding.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES:

        None.

ITEM 4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS:

        None.

ITEM 5: OTHER INFORMATION:

        None.

ITEM 6: EXHIBITS & REPORTS:


Exhibits

(a)   99.1 Certification of Chief Executive Officer.
      99.2 Certification of Chief Financial Officer.
      99.3 Certificate of Chief Executive Officer and Chief
           Financial Officer.

                                    SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: May 15, 2004                           /s/ Karim Suleman
                                              -----------------------
                                                  Karim  Suleman
                                                  Executive Vice President