What changed in this filing

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Item 9A. Controls and Procedures

2024-04-10 compared with 2023-04-18 · 135 added, 105 removed, 542 unchanged (31% of the section changed)

74 unchanged sentences

Other Information.

During the year ended January 31,

2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule

10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Disclosures Regarding Foreign Jurisdictions

8 unchanged sentences

The Board of Directors has no nominating, auditing or compensation committees.

Our executive officer and director, his

name, age, and his positions as of the date of this prospectus are as follows:

Our executive officer and director, his name,

age, and his positions as of the date of this prospectus are as follows:

Name and Address of Executive

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President, Secretary, Treasurer, Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer and Sole Director

Wiktor Moroz has been holding the above stated positions since the

inception of the Rapid Line Inc.

Wiktor Moroz has been holding the above stated

positions since the inception of the Rapid Line Inc.

and is expected to hold them until the next annual meeting of our stockholders.

is currently the Sole officer and Director and control person of Rapid Line Inc.

Wiktor Moroz is currently the Sole officer and Director and control person of Rapid Line Inc.

Wiktor Moroz, Age 46

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The following tables set forth certain information

about compensation paid, earned or accrued for services by our sole officer and director from our inception on January 10, 2022 until

January 31, 2023:

about compensation paid, earned or accrued for services by our sole officer and director as of January 31, 2023 and 2024:

Incentive Plan

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Set forth below is a summary of certain fees paid

to our independent audit Gries & Associates, LLC, Independent registered public accountants for services for the fiscal years 2023

and 2022, respectively.

to our independent audit DylanFloyd Accounting & Consulting, Independent registered public accountants for services for the fiscal

years 2024 and 2023, respectively.

All Other Fees

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Certification of the Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.

Certification of the Company's Principal Executive Officer and

Principal Financial Officer to Section 906 of the Sarbanes-Oxley Act of 2002

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within

the Inline XBRL document)

Inline XBRL Taxonomy Extension Schema Document

Inline XBRL Taxonomy Extension Calculation Linkbase Document

Inline XBRL Taxonomy Extension Definition Linkbase Document

Inline XBRL Taxonomy Extension Label Linkbase Document

Inline XBRL Taxonomy Extension Presentation Linkbase Document

Cover Page Interactive Data File (embedded within the Inline XBRL document)

(1) Incorporated by reference from the Company’s

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RAPID LINE INC.

Report of Independent Registered Accounting Firm

Independent Registered Accounting Firm (PCAOB ID 6235 )

Balance Sheets as of January 31, 2024 and January 31, 2023

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Notes to the Financial Statements

& Associates, LLC

Certified Public Accountants

Cherry Street, Suite 1100

Denver, Colorado 80246

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING

To the Board of Directors and Stockholders

Rapid Line Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets

of Rapid Line Inc.(the Company) as of January 31, 2023 and 2022, and the related statement of operations, stockholders’ deficit

and cash flows for the period then ended and the related notes (collectively referred to as the financial statements).

In our opinion,

the financial statements present fairly, in all material respects, the financial position of the Company as of January 31, 2023, and the

results of its operations and its cash flows for each of the period then ended in conformity with accounting principles generally accepted

in the United States of America.

Independent Registered Public Accounting Firm

Shareholders and the Board of Directors

on the Financial Statements

audited the accompanying balance sheet of Rapid Line Inc.

(the "Company") as of January 31, 2024 and 2023, the related

statements of operations, changes in stockholders' deficit, for each of the two years in the period ended

January 31, 2024 and the related notes (collectively referred to as the "financial statements").

In our opinion, the

financial statements present fairly, in all material respects, the financial position of the Company as of January 31, 2024 and 2023

and the results of its operations and its cash flows for each of the two years ended January 31, 2024, in conformity with accounting

principles generally accepted in the United States of America.

Going Concern Uncertainty

The Company's financial statements

are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of

assets and liquidation of liabilities in the normal course of business.

The Company has an accumulated deficit of $63,168 and a negative

cash flow from operations amounting to $40,247 for the period ended January 31, 2024.

These factors as discussed in Note 2 of the financial

statements raise substantial doubt about the Company's ability to continue as a going concern.

Management's plans in regard to these

matters are also described in Note 2.

The financial statements do not include any adjustments that might result from the outcome of these

uncertainties.

Basis for Opinion

These financial statements are the responsibility

of the Company’s management.

Our responsibility is to express an opinion on the Company’s financial statements based on our

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required

to be independent with respect to the Company in accordance with the U.S.

federal securities laws and the applicable rules and regulations

of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the

standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial

statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were we engaged

to perform, an audit of its internal control over financial reporting.

As part of our audit, we are required to obtain an understanding

of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s

internal control over financial reporting.

These financial

statements are the responsibility of the Company's management.

Our responsibility is to express an opinion on the Company's financial

statements based on our audits.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United

States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S.

federal securities

laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance

with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether

the financial statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were

we engaged to perform, an audit of its internal control over financial reporting.

As part of our audits we are required to obtain an

understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the

Company's internal control over financial reporting.

Accordingly, we express no such opinion.

Our audit included performing procedures to assess

the risks of material misstatement of the financial statements, whether due to error or fraud and performing procedures that respond to

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating

the overall presentation of the financial statements.

We believe that our audits provide a reasonable basis for our opinion

Going Concern Uncertainty

The accompanying financial statements have been prepared assuming that

the Company will continue as a going concern.

As discussed in note 2 to the financial statements, the Company has incurred

losses since inception of $22,921, and has not received any revenues These factors create an uncertainty as to the Company’s

ability to continue as a going concern.

Management’s plans in regard to these matters are also described in note 2.

The financial

statements do not include any adjustments that might result from the outcome of this uncertainty.

Emphasis of Matters-Risks and Uncertainties

The Company is not able to predict the

ultimate impact that COVID -19 will have on its business.

However, if the current economic conditions continue, the pandemic could

have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the

Company plans to operate.

& Associates, LLC

We have served as the Company’s auditor since 2021.

Denver, Colorado

Our audits included

performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing

procedures that respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures

in the financial statements.

Our audits also included evaluating the accounting principles used and significant estimates made by management,

as well as evaluating the overall presentation of the financial statements.

We believe that our audits provide a reasonable basis for

Emphasis of Matters-Risks

and Uncertainties

The Company is

not able to predict the ultimate impact that COVID -19 will have on its business.

However, if the current economic conditions continue,

the pandemic could have an adverse impact on the economies and financial markets of many countries, including the geographical area in

which the Company plans to operate.

Critical Audit

Critical audit matters

arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit

committee and that (1) relate to accounts or disclosure that are material to the financial statements and (2) involve especially challenging,

subjective, or complex judgements.

The communication of critical audit matters does not alter in any way our opinion on the financial

statements, taken as a whole, and we are not, by communicating the critical audit maters below, providing separate opinions on the critical

audit matters or on the accounts or disclosures to which they relate.

There is no Critical Audit Matters existed

as of January 31, 2024.

/s/ DylanFloyd

Accounting & Consulting

We have served as the Company's auditor

Newhall, California

April 9, 2024

17 unchanged sentences

Total Liabilities

Stockholders’ Equity

Stockholders’ Deficit

Common stock, $ 0.0001 par value, 75,000,000 shares authorized;

2 unchanged sentences

Accumulated deficit

Total Stockholders’ Equity

Total Liabilities and Stockholders’ Equity

Total Stockholders’ Deficit

Total Liabilities and Stockholders’ Deficit

See accompanying notes, which are an integral part

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Balance, January 31, 2023

Shares issued for cash at $0.02 per share in April, 2023

Net loss for the period ending January 31, 2024

Balance, January 31, 2024

See accompanying notes, which are an integral part

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CASH FLOWS USED IN OPERATING ACTIVITIES

CASH FLOWS USED IN INVESTING ACTIVITIES

Mobile application and website

CASH FLOWS USED IN INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

21 unchanged sentences

We have purchased a website and a working prototype of online services mobile platform application known as “KIDWIN”.

Our executive and business

office is located at Gieldowa 4A, Warsaw 01-211, Poland, and our telephone number is +48222196622.

Note 2 – GOING CONCERN

Our executive and business office is located at

Gieldowa 4A, Warsaw 01-211, Poland, and our telephone number is +48222196622.

Note 2 – GOING

The accompanying financial statements have been

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ACCOUNTING POLICIES

of presentation

Basis of presentation

The accompanying financial statements have been

1 unchanged sentence

The Company’s year-end is

In accordance with ASC 606, revenue is measured based on a consideration

specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

In accordance with ASC 606, revenue is measured

based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the year ended January 31, 2024, we generated total revenue

63 unchanged sentences

Comprehensive income is defined as all changes

in stockholders’ equity, exclusive of transactions with owners, such as capital investments.

Comprehensive income includes net income

or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments

in stockholders’ deficit, exclusive of transactions with owners, such as capital investments.

Comprehensive income includes net

income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments

in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities.

16 unchanged sentences

it may have an impact cannot be determined at this time.

Note 4– COMMON STOCK

The Company has 75,000,000 ,

$0.0001 par value shares of common stock authorized.

On January 10, 2022 the

Company issued 2,500,000 shares of common stock to a director for services rendered estimated to be $ 250 at $0.0001 per share.

In July, the Company

issued 167,500 common shares to few individuals at $0.02 per share in consideration of $ 3,350 .

There were 2,667,500

shares of common stock issued and outstanding as of July 31, 2022.

In October, the Company

issued 625,250 common shares to few individuals at $0.02 per share in consideration of $ 12,505 .

There were 3,292,750

shares of common stock issued and outstanding as of October 31, 2022.

In January, the Company

issued 275,000 common shares to few individuals at $0.02 per share in consideration of $ 5,500 .

There were 3,567,750

shares of common stock issued and outstanding as of January 31, 2023.

Note 4 – COMMON

The Company has 75,000,000 , $ 0.0001 par value

shares of common stock authorized.

On January 10, 2022 the Company issued 2,500,000

shares of common stock to a director for services rendered estimated to be $ 250 at $0.0001 per share.

In July, the Company issued 167,500 common shares

to few individuals at $0.02 per share in consideration of $ 3,350 .

There were 2,667,500 shares of common stock issued

and outstanding as of July 31, 2022.

In October, the Company issued 625,250 common

shares to few individuals at $0.02 per share in consideration of $ 12,505 .

There were 3,292,750 shares of common stock issued

and outstanding as of October 31, 2022.

In January, the Company issued 275,000 common

shares to few individuals at $0.02 per share in consideration of $ 5,500 .

There were 3,567,750 shares of common stock issued

and outstanding as of January 31, 2023.

In April, the Company issued 65,000 common shares

to few individuals at $0.02 per share in consideration of $ 1,300 .

There were 3,632,750 shares of common stock issued

and outstanding as of January 31, 2024.

Voting Common Stock

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as explained in the Company’s Bylaws.

Note 5 – COMMITMENTS AND CONTINGENCIES

Note 5 – COMMITMENTS AND

CONTINGENCIES

In the normal course of business, the Company

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manage our affairs.

The sole officer and director, Wiktor Moroz, is the only related party

with whom the Company had transactions with during the period from inception on January 10, 2022 through January 31, 2023.

year ended January 31, 2023, Mr.

The sole officer and director, Wiktor Moroz, is

the only related party with whom the Company had transactions with during the period from inception on January 10, 2022 through January

During the year ended January 31, 2024, Mr.

Moroz paid $ 19,644 for operating expenses on behalf of the Company.

The amounts due to the related party

are unsecured and non-interest bearing with no set terms of repayment.

due to the related party are unsecured and non-interest bearing with no set terms of repayment.

Note 8 – INCOME TAXES

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Deferred tax asset attributable to:

Net operating loss carry over

Net operating loss carryover

Related party accruals

1 unchanged sentence

Net deferred tax asset

Note 9 – SUBSEQUENT EVENTS

Note 9 – SUBSEQUENT

In accordance with SFAS 165 (ASC 855-10) the Company

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures