incordex_10k.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

Mark One

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2024

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

For the transition period from to

Commission File No. 333-248609

INCORDEX CORP.

(Exact name of registrant as specified in its charter)

Nevada		7371		EIN 98-1541457
(State or Other Jurisdiction of Incorporation or Organization)		(Primary Standard Industrial Classification Number)		(IRS Employer Identification Number)

6 Rosemary Way, Nuneaton,

United KingdomCV10 7ST

+1 702879 4409

(Address, including zip code,

and telephone number, including area code,

of registrant's principal executive offices)

Registered Agents Inc. 401 Ryland St., STE 200-A Reno, NV 89502

775-401-6800

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to section 12(g) of the Act: None

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for 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 ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes ☐ No ☒

Class	Outstanding as of September 23, 2024
Common Stock: $0.001	6,450,000

TABLE OF CONTENTS

	PART I
ITEM 1	Description of Business	4
ITEM 1A	Risk Factors	5
ITEM 1C	Cybersecurity Discussion
ITEM 1B	Unresolved Staff comments	5
ITEM 2	Properties	5
ITEM 3	Legal Proceedings	5
ITEM 4	Mine Safety Disclosures	5
	PART II
ITEM 5	Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities	6
ITEM 6	Selected Financial Data	6
ITEM 7	Management's Discussion and Analysis of Financial Condition and Results of Operations	6
ITEM 7A	Quantitative and Qualitative Disclosures about Market Risk	8
ITEM 8	Financial Statements and Supplementary Data	8
ITEM 9	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	9
ITEM 9A	Controls and Procedures	9
ITEM 9B	Other Information	10
ITEM 9C	Disclosure Regarding foreign Jurisdictions that Prevent Inspections	10
	PART III
ITEM 10	Directors, Executive Officers, Promoters and Control Persons of the Company	11
ITEM 11	Executive Compensation	12
ITEM 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	12
ITEM 13	Certain Relationships and Related Transactions	13
ITEM 14	Principal Accountant Fees and Services	13
	PART IV
ITEM 15	Exhibits	14
ITEM 16	Form 10-K Summary	14

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FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

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PART I

Item 1. Description of Business

GENERAL INFORMATION ABOUT OUR COMPANY

We were incorporated in Nevada on June 12, 2020. We are a development stage company that was formed to offer handwritten letter service via our website platform. We plan to develop and sell Customer Relationship Management (CRM) program designed to assist businesses in sending handwritten letters to their customers. Also, we are planning to develop Reporting and Analytics Software analytics to help our customers see how effective these handwritten letters are in their marketing campaigns. Our principal executive offices are located at 6 Rosemary Way, Nuneaton, United Kingdom CV10 7ST. Our phone number is +1 702 879 4409.

From inception until the date of this filing, we have had very limited operating activities. Our independent registered public accounting firm has issued an audit opinion for Incordex Corp. which includes a statement expressing substantial doubt as to our ability to continue as a going concern.

Our President, Iurii Abramovici, will offer shares of our common stock to his friends, family members and business associates in United Kingdom and Europe.

Great Importance - A hand addressed envelope and handwritten letter suggests the sender is somebody the recipient knows. That creates an aura of great importance for the piece.

Personalization - A handwritten address and letter in beautiful ink creates a much more personal impression than the pre-printed variety. When people feel a personal connection to a mailing, it's hard to resist the urge to open it.

Contact - While digital communications continue to leave a big footprint in the marketing world, people by and large still respond more readily to something they can touch. Paper communications offer touchable, 'real' experiences that satisfy this basic need for touch. A personalized hand addressed envelope makes this experience even more real.

Feeling of Comfort - Because hand addressed direct mail offers a personalized connection, recipients feel much more comfortable and far less 'on their guard' when it comes time to decide - open it or trash it.

Our Web Site

Customers will be able to choose personal handwritten letter service or business services on the website. Private customers will have to fill up simple forms on our web site. Forms will include information about customer name and address, recipient name and address, text and payment information. Business customers will have to fill out quote form via our website. Our site will have special forms for freelancers wishing to work with us. We are currently on the software development stage. Also, we plan to launch two websites: one to offer CRM software development and maintenance, which assists businesses in sending handwritten letters to their customers. The second website will be dedicated to the development of Reporting and Analytics Software, enabling businesses to assess the effectiveness of these handwritten letters in their marketing campaigns.

On September 28, 2023, the Company, entered into Website Development Agreement with Alex White ("Developer").

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On November 1, 2023, the Company, entered into a Mobile App Development Agreement with Ivenco FZE ("Developer").

Revenue

For the year ended June 30, 2024 and 2023, we have launched our web site at: https://incordexcorp.com/. The Company plans to generate revenue via direct sales and via online orders.

Competition

The market for direct marketing is highly competitive. Numerous online services will compete with us. Our competitors are substantially larger and more experienced than us and have longer operating histories and have materially greater financial and other resources than us.

Marketing

We plan to focus on direct sales online as we get started. Once we build a reputation and customer base, it will be easier to attract customers. We plan to market our products mainly in Europe and US. To promote our website and services, we are planning to use On-line Directories and Databases and Social Media.

Employees and Employment Agreements

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Item 1A. Risk Factors

Not required for Smaller reporting companies.

Item 1B. Unresolved Staff Comments

Not required for Smaller reporting companies.

Item 1C. Cybersecurity

In 2024, we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced undetected cybersecurity incidents.

Item 2. Properties

Currently we don't own any properties. Our business office is located at 6 Rosemary Way, Nuneaton, United Kingdom CV10 7ST. This address was provided by sole officer and president, Mr. Abramovici. Our telephone number is +44-203-99-11-252.

Item 3. Legal Proceedings

We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Item 4. Mine Safety Disclosures

Not Applicable.

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PART II

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

The company stock is not trading at the moment.

Registered Holders of our Common Stock

As of June 30, 2024, there were 32 record owners of our common stock including the director.

Dividends

The Company has never declared or paid cash dividends on its common stock and does not anticipate paying cash dividends in the foreseeable future.

Recent Sales of Unregistered Securities

During our fiscal years ended June 30, 2024 and 2023, we had no sales of unregistered shares.

Issuer Purchases of Equity Securities

During the fiscal year ended June 30, 2024 and 2023, the Company did not repurchase any shares of its Common Stock.

Item 6. Selected Financial Data

Not applicable to smaller reporting companies.

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

We are a development stage corporation with limited operations and no revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months. We do not anticipate that we will generate significant revenues until we have raised the funds necessary to conduct a marketing program.

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PLAN OF OPERATION

FISCAL YEAR ENDED JUNE 30, 2024 COMPARED TO FISCAL YEAR ENDED JUNE 30, 2023

During the years ended June 30, 2024 and 2023 we have generated $31,079 and $9,561 in revenues, respectively. Our old website, which launched in 2021, did not attract many customers. However, the launch of a newly designed website and Android mobile application in 2023 garnered better customer attention, which helped us achieve significantly higher revenue for the year ended June 30, 2024 compared to the same period in 2023.

Our net loss for the fiscal year ended June 30, 2024 was $11,682 compared to a net loss of $8,827 during the fiscal year ended June 30, 2023.

Operating expenses incurred were $42,761 during fiscal year ended June 30, 2024 compared to $18,388 during fiscal year ended June 30, 2023. Operating expenses consist of mainly professional fees. Expenses increased due to the Company's operational activities.

The number of shares outstanding was 6,450,000 for the fiscal years ended June 30, 2024 and 2023.

LIQUIDITY AND CAPITAL RESOURCES

FISCAL YEAR ENDED JUNE 30, 2024 AND 2023

As of June 30, 2024, our total assets were $22,288 primarily consisting of cash and intangible assets. As of June 30, 2023, our total assets were $9,280 primarily consisting of cash, prepaid expenses and intangible assets.

Cash Flows from Operating Activities

For the year ended June 30, 2024, net cash flows used in operating activities was $7,898. For the year ended June 30, 2023, net cash flows used in operating activities was $(4,163).

Cash Flows from Investing Activities

For the year ended June 30, 2024, net cash flows generated from investing activities was $(24,000). We have not generated cash flows from investing activities for the year ended June 30, 2023.

Cash Flows from Financing Activities

For the year ended June 30, 2024, net cash flows provided by financing activities was $11,700 from director loan. We have not generated cash flows from financing activities for the year ended June 30, 2023.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

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GOING CONCERN

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have generated minimal revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Critical Accounting Policies

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

Not applicable to smaller reporting companies.

Item 8. Financial Statements and Supplementary Data

The Company's Financial Statements required by Item 8, together with the reports thereon of the Independent Registered Public Accounting Firm are set forth on pages F-1 through F-11 of this report and are incorporated by reference in this Item 8.

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures

On August 13, 2024, the Board of Directors of Incordex Corp. (the "Company") approved the engagement of Boladale Lawal & Co ('BLC') as the Company's independent registered public accounting firm for the fiscal year ended June 30, 2024, effective immediately, and dismissed Fruci and Associates II, PLLC, on August 13, 2024 as the Company's independent registered public accounting firm.

There was no disagreement on accounting treatment and disclosures

Item 9A. Controls and Procedures. Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms, and that such information is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures. Our management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable assurance regarding management's control objectives.

Our management, with the participation of our CEO, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Report. Based upon this evaluation, our CEO concluded that our disclosure controls and procedures were not effective because of the identification of a material weakness in our internal control over financial reporting which is described below.

Management's Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Rule 13a-15(f). Our internal control over financial reporting is a process designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with U.S. GAAP.

Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP and our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements.

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Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error and the circumvention of overriding controls. Accordingly, even effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our management assessed the effectiveness of our internal control over financial reporting as of June 30, 2024. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Tread way Commission ("COSO") in Internal Control-Integrated Framework (2013). Based on this evaluation, management concluded that that our internal control over financial reporting was not effective as of June 30, 2024. Our CEO concluded we have a material weakness due to lack of segregation of duties, a limited corporate governance structure, and a lack of a formal management review process over preparation of financial information. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

Our size has prevented us from being able to employ sufficient resources to enable us to have an adequate level of supervision and segregation of duties within our system of internal control. Therefore, while there are some compensating controls in place, it is difficult to ensure effective segregation of accounting and financial reporting duties. Management reported the following material weaknesses:

•	Lack of segregation of duties in certain accounting and financial reporting processes including the initiation, processing, recording and approval of disbursements;
•	Our corporate governance responsibilities are performed by the Board of Directors, none of whom are independent under applicable standards; we do not have an audit committee or compensation committee. Our Board of Directors acts primarily by written consent without meetings which results in several of our corporate governance functions not being performed concurrent (or timely) with the underlying transactions, including evaluation of the application of accounting principles and disclosures relating to those transactions; and
•	Certain reports that we prepare, and accounting and reporting conclusions reached in connection with the financial statement preparation process are not subjected to a formal review process that includes multiple levels of review and are not submitted timely to the Board of Directors for review or approval.

While we strive to segregate duties as much as practicable, there is an insufficient volume of transactions at this point in time to justify additional full-time staff. We believe that this is typical in many development stage companies. We may not be able to fully remediate the material weakness until we commence operations at which time, we would expect to hire more staff. We will continue to monitor and assess the costs and benefits of additional staffing.

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to the SEC rules that permit us to provide only management's report in this Annual Report.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2024, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Item 9B. Other Information

None.

Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent Inspections

Not Applicable.

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PART III

Item 10. Directors, Executive Officers, and Corporate Governance

The board of directors elects our executive officers annually. A majority vote of the directors who are in office is required to fill vacancies. Each director is elected for a term of one year, and until his or her successor is elected and qualified, or until his earlier resignation or removal. The name, address, age and position of our officers and directors are as follows:

Name and Address of Executive Officer and/or Director		Age		Position
Iurii Abramovici 6 Rosemary Way, Nuneaton, United Kingdom CV10 7ST		42		President, Secretary, Treasurer and Director

The person named above has held his offices/positions since the inception of our Company and is expected to hold said offices/positions until the next annual meeting of our stockholders.

Resume

Iurii Abramovici has acted as our President, Secretary, Treasurer and sole Director since our incorporation on June 12, 2020.

Prior, from September 2016 till June 2020, Mr. Abramovici has been working as logistics administrator at Unipart Group, Nuneaton, (United Kingdom). He assisted with all aspects of logistic and marketing end to end.

From March 2015 to August 2016, he worked as releasing room assistant at ITH Pharma in London (United Kingdom). He was providing support to final checking and releasing stuff at final stage of the production process.

From May 2012 to December 2014, Iurii Abramovici worked as marketing department manager at STLST Ltd., in Marki (Poland). His responsibility was the realization of sales and marketing strategies, cooperation with customers, supervising payments and liability for timely deliveries.

From 2003 to 2012, Iurii Abramovici worked as Regional Sales Representative at National Alcohol Traditions in Kiev (Ukraine). His responsibilities were direct contact with customers, conclusion and negotiation of contracts.

He graduated from National University, Chernivtsi, (Ukraine) in 2003. He has a Bachelor of Science in Marketing.

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Delinquent Section 16(a) Reports

Our common stock is not registered pursuant to Section 12 of the Exchange Act of 1934, as amended (the "Exchange Act"). Accordingly, our officers, directors and principal stockholders are not subject to the beneficial ownership reporting requirements of Section 16(a) of the Exchange Act.

Code of Business Conduct

We have not adopted a Code of Business Conduct within the meaning of Item 406(b) of Regulation S-K.

Board Committees

We do not have any Board Committees.

Item 11. Executive Compensation

The table below summarizes the total compensation earned by each of our named executive Officers ("NEOs") for each of the fiscal years listed.

SUMMARY COMPENSATION TABLE

Name	Position	Year	Salary ($)	Bonus($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation($)	All Other Compensation	Total Compensation ($)
Iurii Abramovici	President, Treasurer, Secretary	2024	-0-	-0-	-0-	-0-	-0-	-0-	-0-
2023	-0-	-0-	-0-	-0-	-0-	-0-	-0-

Since Inception on June 12, 2020, Iurii Abramovici only member of our Board of Director was not compensated for his services.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matter

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Directors and Executive Officers

The following table sets forth the beneficial ownership (and the percentages of outstanding shares represented by such beneficial ownership) as of June 30, 2024 of (i) each director, (ii) the current NEOs named in the "Summary Compensation Table" contained in this Form 10-K and (iii) all current directors and executive officers as a group. Except as otherwise indicated, we believe that the beneficial owners of the common stock listed below, based on information provided by such owners, have sole investment and voting power with respect to such shares, subject to community property laws where applicable. Persons, who have the power to vote or dispose of common stock of the Company, either alone or jointly with others, are deemed to be beneficial owners of such common stock.

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Iurii Abramovici, President, CEO, Treasurer, Secretary and Chairman of the Board.

5,000,000 shares

Certain Stockholders

The following table sets forth certain information with respect to each person known by us to be the beneficial owner of five percent or more of either class of the Company's outstanding common stock. The content of this table is based upon the most current information contained in Schedules 13D or 13G filings with the SEC, unless more recent information was obtained.

Iurii Abramovici, President, CEO, Treasurer, Secretary and Chairman of the Board.

78%

Item 13. Certain Relationships and Related Transactions, and Director Independence

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

On February 21, 2020, we offered and sold 5,000,000 shares of common stock to Iurii Abramovici, our sole officer and director, at a purchase price of $0.001 per share, for aggregate proceeds of $5,000.

During the period from June 12, 2020 (inception) to June 30, 2024, Iurii Abramovici loaned $19,014 to the Company. This loan is non-interest bearing, due upon demand and unsecured.

Item 14. Principal Accountant Fees and Services

FEES TO THE COMPANY'S AUDITORS

Set forth below is a summary of certain fees paid to our independent audit Fruci & Associates II, PLLC. for services for the fiscal years 2024 and 2023, respectively.

Fee Category		Fiscal Year 2024			Fiscal Year 2023
Audit Fees		$	15,750			$	9,825
Tax Fees			-				-
All Other Fees			-				-
Total		$	15,750			$	9,825

Audit Fees

Audit fees were for professional services rendered in connection with the audit of our annual financial statements set forth in our Annual Reports on Form 10-K, the review of our quarterly financial statements set forth in our Quarterly Reports on Form 10-Q and consents for other SEC filings.

Audit-Related Fees

Audit-related fees consist of fees billed for professional services for consultation on accounting matters.

Approval of Services Provided by Independent Registered Public Accounting Firm

The Board of Directors has considered whether the services provided under other non-audit services are compatible with maintaining the auditor's independence and has determined that such services are compatible. The Board of Directors has adopted policies and procedures for pre-approving all non-audit work performed by the external auditors. The Board of Directors will annually pre-approve services in specified accounting areas. The Board of Directors also annually approves the budget for the annual generally accepted accounting principles (GAAP) audit.

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PART IV

Item 15. Exhibit and Financial Statement Schedules

(a)(1) Financial Statements

The following documents are filed as part of this report:

The Financial Statements of Incordex Corp. at June 30, 2024 and 2023, and for each of the two fiscal years in the period ended June 30, 2024, together with the reports of the Independent Registered Public Accounting Firms, are set forth on pages F-1 through F-11 of this Report.

(2) Not applicable.

(3) Exhibits

#	31.1	Certification of the Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
#	31.2	Certification of the Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
	101.INS	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)
	101.SCH	Inline XBRL Taxonomy Extension Schema Document
	101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
	101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
	101.LAB	Inline XBRL Taxonomy Extension Labels Linkbase Document
	101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
	104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

Item 16. Form 10-K Summary

None.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on September 23, 2024.

	INCORDEX CORP.
	By:	/s/ Iurii Abramovici
	Name:	Iurii Abramovici
	Title:	President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on September 23, 2024.

Signature		Title
/s/Iurii Abramovici		President, Chief Executive Officer, Treasurer, Secretary and Director
Iurii Abramovici		(Principal Executive Officer and Principal Accounting Officer)

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INDEX TO FINANCIAL STATEMENTS

INCORDEX CORP.

TABLE OF CONTENTS

Report of Independent Registered Accounting Firm (6993)	F-2
Report of Independent Registered Accounting Firm (05525)	F-3
Balance Sheets as of June 30, 2024 and 2023	F-4
Statements of Operations for the Years ended June 30, 2024 and 2023	F-5
Statements of Changes in Stockholders' Equity/ (Deficit) for the Years ended June 30, 2024 and 2023	F-6
Statements of Cash Flows for the Years ended June 30, 2024 and 2023	F-7
Notes to the Financial Statements	F-8

F-1

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Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders of

INCORDEX CORP.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Incordex Corp (the 'Company') as of June 30, 2024, and the related statements of operations, changes in stockholders' equity /(deficit) and cash flows for the year ended June 30, 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 June 30, 2024, and the results of its operations and its cash flows for the year ended June 30, 2024, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company suffered an accumulated deficit of $(43,716), net loss of $(11,682) and a negative working capital of $(12,000). The Company is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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 audit. 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 audits 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 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 our opinion.

Critical Audit Matters

Critical audit matters are 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 disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

/s/ Boladale Lawal

BOLADALE LAWAL & CO.

(Chartered Accountants)

(PCAOB ID 6993)

Lagos, Nigeria

We have served as the Company's auditor since 2024.

September 24, 2024

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of Incordex Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheet of Incordex Corp. ("the Company") as of June 30, 2023, and the related statements of operations, changes in stockholder's equity / (deficit), and cash flows for the year ended June 30, 2023, 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 June 30, 2023 and the results of its operations and its cash flows for the year ended June 30, 2023, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

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 an accumulated deficit, losses, and has not completed its efforts to establish a stable source of revenue. These factors, among others, 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 this uncertainty.

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 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 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 our opinion.

Critical Audit Matters

Critical audit matters are 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 disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

Fruci & Associates II, PLLC - PCAOB ID #05525 We have served as the Company's auditor since 2020. Spokane, Washington

October 9, 2023

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INCORDEX CORP.

BALANCE SHEETS

ASSETS		June 30, 2024			June 30, 2023
Current Asset
Cash		$	990			$	5,392
Prepaid Expenses			-				1,800
Total Current Assets			990				7,192
Fixed Assets
Mobile Application, Net			17,817				-
Website, Net			3,481				2,088
Total Fixed Assets			21,298				2,088
Total Assets		$	22,288			$	9,280
LIABILITIES AND STOCKHOLDERS' EQUITY/ (Deficit)
Current Liabilities
Accounts Payable		$	12,990			$	-
Total Current Liabilities			12,990				-
Long-Term Liabilities
Director Loan			19,014				7,314
Total Long-Term Liabilities			19,014				7,314
Total Liabilities			32,004				7,314
Stockholders' Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 6,450,000 and 6,450,000 shares issued and outstanding			6,450				6,450
Additional Paid in Capital			27,550				27,550
Accumulated Deficit			(43,716	)			(32,034	)
Total Stockholders' Equity/ (Deficit)			(9,716	)			1,966
Total Liabilities and Stockholders' Equity/ (Deficit)		$	22,288			$	9,280

See accompanying notes, which are an integral part of these financial statements

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INCORDEX CORP.

STATEMENTS OF OPERATIONS

		For the year ended June 30, 2024			For the year ended June 30, 2023
REVENUES (services rendered)		$	31,079			$	9,561
OPERATING EXPENSES
General and Administrative Expenses			42,761				18,388
TOTAL OPERATING EXPENSES			(42,761	)			(18,388	)
NET INCOME (LOSS) FROM OPERATIONS			(11,682	)			(8,827	)
PROVISION FOR INCOME TAXES			-				-
NET PROFIT/LOSS		$	(11,682	)		$	(8,827	)
NET LOSS PER SHARE: BASIC AND DILUTED		$	(0.00	)		$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED			6,450,000				6,450,000

See accompanying notes, which are an integral part of these financial statements

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INCORDEX CORP

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY / (DEFICIT)

FOR THE YEAR ENDED JUNE 30, 2024 AND 2023

		Common Stock			Additional Paid-in			Retained			Total Stockholders'
		Shares			Amount			Capital			Deficit			Equity
Balance at June 30, 2022			6,450,000			$	6,450			$	27,550			$	(23,207	)		$	10,793
Net loss for the year ended			-				-				-				(8,827	)			(8,827	)
Balance at June 30, 2023			6,450,000			$	6,450			$	27,550			$	(32,034	)		$	1,966
Net loss for the year ended			-				-				-				(11,682	)			(11,682	)
Balance at June 30, 2024			6,450,000			$	6,450			$	27,550			$	(43,716	)		$	(9,716	)

See accompanying notes, which are an integral part of these financial statements

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INCORDEXCORP

STATEMENTS OF CASH FLOWS

		Year ended June 30, 2024			Year ended June 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period		$	(11,682	)		$	(8,827	)
Adjustments to reconcile net loss to net cash from operating activities:
Accumulated Depreciation			4,790				1,664
Prepaid Expenses			1,800				3,000
Accounts Payable			12,990				-
CASH FLOWS PROVIDED BY / (USED IN) OPERATING ACTIVITIES			7,898				(4,163	)
CASH FLOWS FROM INVESTING ACTIVITIES
Mobile Application			(20,000	)			-
Website Purchase			(4,000	)			-
CASH FLOWS USED IN INVESTING ACTIVITIES			(24,000	)			-
CASH FLOWS FROM FINANCING ACTIVITIES
Director Loan			11,700				-
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES			11,700				-
NET CHANGE IN CASH			(4,402	)			(4,163	)
Cash, beginning of period			5,392				9,555
Cash, end of period		$	990			$	5,392
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid		$	-			$	-
Income taxes paid		$	-			$	-

See accompanying notes, which are an integral part of these financial statements

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INCORDEX CORP.

NOTES TO THE FINANCIAL STATEMENTS

Year ended June 30, 2024 and 2023 (Audited)

Note 1 - ORGANIZATION AND NATURE OF BUSINESS

Incordex Corp. ("the Company", "we", "us" or "our") we were incorporated on June 12, 2020 and intend to offer handwritten letter service via our web platform. Incordex Corp. will be an online handwritten letter service that sends handwritten letters and cards. Our customers will be business and private persons. Customers will use our services to send real handwritten letters to prospects and new customers. We expect our main customers will be direct mail marketing companies. Private persons will use our services for their private needs. The letter writers will be freelancers around the world. Our freelancers will be working on an independent contract basis. Additionally, we plan to develop and sell Customer Relationship Management ("CRM") program designed to assist businesses in sending handwritten letters to their customers. Also, we are planning to develop Reporting and Analytics Software analytics to help our customers see how effective these handwritten letters are in their marketing campaigns.

Our current address is 6 Rosemary Way, Nuneaton, CV107ST United Kingdom.

Note 2 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP"), which contemplate continuation of the Company as a going concern. The Company has an accumulated deficit of $43,716 as of June 30, 2024. The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Note 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company's year-end is June 30.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

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Fair Value of Financial Instruments

FASB ASC Topic 820, "Fair Value Measurement," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.

The three levels are defined as follows:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Income Taxes

The Company is a C Corporation under the Internal Revenue Code and a similar section of the state code.

All income tax amounts reflect the use of the liability method under accounting for income taxes. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes arising primarily from differences between financial and tax reporting purposes. Current year expense represents the amount of income taxes paid, payable or refundable for the period.

Deferred income taxes, net of appropriate valuation allowances, are determined using the tax rates expected to be in effect when the taxes are actually paid. Valuation allowances are recorded against deferred tax assets when it is more likely than not that such assets will not be realized. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of benefit or expense to recognize in the financial statements.

The Company's income tax returns are subject to review and examination by federal, state and local governmental authorities. As of June 30, 2024, there is no year open to examination with federal, state and local governmental authorities. To the extent penalties and interest are incurred through an examination, they would be included in the income tax section of the statement of operations and comprehensive loss.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 "Earnings per Share". Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of June 30, 2024 there were no potentially dilutive debt or equity instruments issued or outstanding.

Comprehensive Income

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 foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of June 30, 2024 were no differences between our comprehensive loss and net loss.

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Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers". The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts.

The Company's revenues are recognized at a point-in-time as ownership of software (when it is approved by the customer) is transferred at a distinct point in time per the terms of a contract. Any liability of the Company shall be limited to the total of all amounts paid by the customer for services under the contract.

The Company collects payment from customers prior to transferring ownership of the software and may require deposits from customers at the time an order is placed. When deposits are collected prior to transferring ownership of the software the Company recognizes deferred revenue until the transfer is made.

We've developed a specialized component of a Customer Relationship Management (CRM) program designed to assist businesses in sending handwritten letters to their customers. This CRM module is installed on the company's own servers and is intended for internal use. We've created this program for two companies, one based in the UK and the other in Hong Kong.

For the year ended June 30, 2024, the Company has generated $31,079 in revenue.

Following is a summary of customers who accounted for more than ten percent of the Company's revenues:

		Years Ended June 30,
		2024
		Sales %
Customer A			25
Customer B			17
Customer C			15
Customer D			14
Customer E			13
Other			16
Total			100

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Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

Note 4 - INTANGIBLE ASSETS

The Company purchased and possesses an operative website. The Company purchased the website for $5,000 and is amortizing the asset straight-line over its three-year useful life or $1,664 per year. For the year ended June 30, 2024 the Company recognized amortization expense in the amount of $1,664. As of June 30, 2024 the accumulated amortization of the website was $4,576.

In October 2023 the Company launched its website with possible CRM integration. The Company purchased the website for $4,000 and is amortizing the asset straight-line over its three-year useful life or $1,333 per year. For the year ended June 30, 2024 the Company recognized amortization expense in the amount of $943. As of June 30, 2024 the accumulated amortization of the website was $943.

In December 2023 the Company launched a mobile application. The Company purchased the mobile application for $20,000 and is amortizing the asset straight-line over its five-year useful life or $4,000 per year. For the year ended June 30, 2024 the Company recognized amortization expense in the amount of $2,183. As of June 30, 2024 the accumulated amortization of the mobile application was $2,183.

Note 5 - COMMON STOCK

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

There were 6,450,000 shares of common stock issued and outstanding as of June 30, 2024 and 2023.

Voting Common Stock

All shares of common stock have voting rights and are identical. All holders of shares of voting common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder.

Non-voting Common Stock

All of the other terms of the Non-Voting Common Stock shall be identical to the Voting Common Stock, except for the right of first refusal that attaches to the Non-Voting Common Stock, as explained in the Company's Bylaws.

Note 6 - COMMITMENTS AND CONTINGENCIES

In the normal course of business, the Company may become a party to litigation matters involving claims against it. As of June 30, 2024, there are no current matters that would have a material effect on the Company's financial position or results of operations.

Note 7 - SUBSEQUENT EVENTS

In accordance with FASB ASC Topic 855 "Subsequent Events", the Company has analyzed its operations through September 23, 2024 and the date these financial statements were available to be issued, On September 23,2024 a debt of $12,500 owed by Incordex Corp. to Ivenco FZE has been fully settled, and both parties have released each other from any further obligations related to this debt.

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