v3.3.1.900
Document and Entity Information
3 Months Ended
Oct. 31, 2015
shares
Document and Entity Information:  
Entity Registrant Name Concrete Leveling Systems Inc
Document Type 10-Q
Document Period End Date Oct. 31, 2015
Trading Symbol clev
Amendment Flag false
Entity Central Index Key 0001414382
Current Fiscal Year End Date --07-31
Entity Common Stock, Shares Outstanding 6,395,418
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2016
Document Fiscal Period Focus Q1


v3.3.1.900
Balance Sheets - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Current Assets    
Cash in bank $ 66 $ 116
Accounts receivable, net of allowance for doubtful accounts of and $4,046 at October 31, 2015 and July 31, 2015 449 449
Current portion of notes receivable, net of allowance for loan losses of and $39,050 at October 31, 2015 and July 31, 2015 14,807 13,423
Interest receivable, net of collectability allowance of and $3,922 at October 31, 2015 and July 31, 2015 2,147 1,910
Inventory 17,379 17,379
Prepaid expenses and other current assets 1,384 352
Total Current Assets 36,232 33,629
Property, Plant and Equipment    
Equipment 700 700
Less: Accumulated depreciation (700) (700)
Total Property, Plant and Equipment 0 0
Other Assets    
Notes receivable, net of current portion 4,061 5,618
TOTAL ASSETS 40,293 39,247
Current Liabilities    
Accounts payable 36,738 36,317
Accounts payable - stockholders 35,654 35,654
Advances - stockholders 91,500 74,300
Notes payable - stockholders 62,750 62,750
Accrued interest - stockholders 15,139 15,139
Other accrued expenses 13,511 12,350
Total Current Liabilities 255,292 236,510
Stockholders' Equity (Deficit)    
Common stock (par value $0.001) 100,000,000 shares authorized: 6,395,418 shares issued and outstanding at October 31, 2015 and July 31, 2015 6,395 6,395
Additional paid-in capital 405,355 405,355
Retained (deficit) (626,749) (609,013)
Total Stockholders' Equity (Deficit) (214,999) (197,263)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 40,293 $ 39,247


v3.3.1.900
Balance Sheets Parentheticals - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Parentheticals    
Allowance for doubtful accounts $ 4,046 $ 4,046
Allowance for loan allowances 39,050 39,050
Interest receivable collectability allowance $ 3,922 $ 3,922
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 6,395,418 6,395,418
Common Stock, shares outstanding 6,395,418 6,395,418


v3.3.1.900
Statements of Income - USD ($)
3 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Revenues:    
Equipment and parts sales $ 0 $ 545
Cost of Sales 0 308
Gross Margin 0 237
Expenses    
Selling, general and administrative 17,780 17,531
(Loss) from Operations (17,780) (17,294)
Other Income (Expense)    
Interest income 297 560
Interest expense (252) (221)
Total Other Income (Expense) 45 339
Net (Loss) Before Income Taxes (17,735) (16,955)
Provision for Income Taxes 0 0
Net (Loss) $ (17,735) $ (16,955)
Net (Loss) per Share - Basic and Fully Diluted $ 0.00 $ 0.00
Weighted average number of common shares outstanding - basic and fully diluted 6,395,418 6,395,418


v3.3.1.900
Statements of Cash Flows - USD ($)
3 Months Ended
Oct. 31, 2015
Oct. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (17,735) $ (16,955)
Adjustments to reconcile net (loss) to net cash used in operating activities:    
(Increase) Decrease in accounts receivable 0 135
(Increase) Decrease in interest receivable (237) (53)
Decrease (Increase) in inventory 0 185
Decrease in prepaid expenses and other current assets (1,032) 327
Increase (Decrease) in accounts payable 421 1,328
Increase (Decrease) in other accrued expenses 1,161 97
Net cash from (used by) operating activities (17,422) (14,936)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments on notes receivable 172 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Loans from stockholders 17,200 14,450
Net (decrease) in cash (50) (486)
Cash and equivalents - beginning 116 593
Cash and equivalents - ending 66 107
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION    
Interest 252 221
Income Taxes $ 0 $ 0


v3.3.1.900
BASIS OF PRESENTATION
3 Months Ended
Oct. 31, 2015
BASIS OF PRESENTATION  
BASIS OF PRESENTATION NOTE A - BASIS OF PRESENTATIONThe accompanying unaudited financial statements have been prepared in accordancewith accounting  principles  generally  accepted in the United States of Americafor interim  financial  information  and with the  instructions to Form 10?Q andArticle  8  of  Regulation  S-X.  Accordingly,  they  do  not  include  all  theinformation and footnotes required by accounting  principles  generally acceptedin the United  States of  America  for  complete  financial  statements.  In theopinion of management, all adjustments (consisting of normal recurring accruals)considered  necessary for a fair  presentation  have been included.  For furtherinformation, refer to the financial statements and footnotes thereto included inthe Concrete Leveling  Systems,  Inc. Form 10-K filing for the period ended July31, 2015.


v3.3.1.900
GOING CONCERN
3 Months Ended
Oct. 31, 2015
GOING CONCERN  
GOING CONCERN NOTE B - GOING CONCERNAs shown in the financial statements, the Company incurred a net loss of $17,735for the three months ended October 31, 2015,  and has incurred  substantial  netlosses since its  inception.  At October 31, 2015,  current  liabilities  exceedcurrent  assets by $219,060.  These  factors raise  substantial  doubt about theCompany's  ability to continue as a going concern.  The financial  statements donot include any adjustments relating to the recoverability and classification ofrecorded assets, or the amounts and  classification of liabilities that might benecessary in the event the Company cannot continue existence.


v3.3.1.900
GOING CONCERN (Details)
3 Months Ended
Oct. 31, 2015
USD ($)
Going Concern Details:  
Net loss $ 17,735
Current liabilities exceed current assets $ 219,060
Concrete Leveling Systems (PK) (USOTC:CLEV)
Historical Stock Chart
From Jul 2024 to Jul 2024 Click Here for more Concrete Leveling Systems (PK) Charts.
Concrete Leveling Systems (PK) (USOTC:CLEV)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Concrete Leveling Systems (PK) Charts.