|
Note 4 - Capital
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes | |
| Note 4 - Capital | NOTE 4 - Capital There was no stock issued in the six months ended December 31, 2012. As of December 31, 2012 the Company had authorized 5,000,000 preferred shares of par value $0.001, of which none was issued and outstanding. As of December 31, 2012 the Company had authorized 200,000,000 shares of common stock of par value $0.001, of which 3,944,000 shares were issued and outstanding. |
|
Note 3 - Related Parties Transactions
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes | |
| Note 3 - Related Parties Transactions | NOTE 3 - Related Parties Transactions Lisa Guise is president, chief financial officer, and sole director of the Board of Directors of the Company. She is the controlling shareholder of the Company, having 50.42% of the outstanding voting shares. During the year ended June 30, 2011, the director loaned the company $7,487. Further advances of $7,967 were made in the six months ended December 31, 2012. There have been no repayments. The full amount of the loan at December 31, 2012 is $15,454. The loan does not bear interest, has no maturity date and is payable on demand. |
|
Berry Only Inc. - (A Development Stage Company) - Balance Sheet (USD $)
|
Dec. 31, 2012
|
Jun. 30, 2012
|
|---|---|---|
| Current Assets | ||
| Cash and Cash Equivalents | $ 3,979 | $ 1,794 |
| Account Receivable | 0 | 0 |
| Total Assets | 3,979 | 1,794 |
| Current Liabilities | ||
| Accounts Payable | 4,120 | 2,500 |
| Due to Officer | 15,454 | 7,484 |
| Total Liabilities | 19,574 | 9,984 |
| Stockholders' Equity | ||
| Preferred Stock | 0 | 0 |
| Common Stock | 3,944 | 3,944 |
| Additional paid-in capital | 45,556 | 45,556 |
| Accumulated other income (loss) | (87) | (87) |
| Deficit | (65,008) | (57,603) |
| Total Stockholders' Equity | (15,595) | (8,190) |
| Total Liabilities and Stockholders Equity | $ 3,979 | $ 1,794 |
|
Note 1 - Basis of Presentation
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes | |
| Note 1 - Basis of Presentation | NOTE 1 - Basis of Presentation The accompanying unaudited interim financial statements of Berry Only Inc. (the Company) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Companys Form 10-K for the year ended June 30, 2012. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2012 as reported in Form 10-K have been omitted. |
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Note 2 - Going Concern
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes | |
| Note 2 - Going Concern | NOTE 2 - Going Concern 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. However, the Company has not generated any revenue and has incurred an accumulated loss of $(65,008) since inception. Management has taken the following steps to revise its operating and financial requirements, which it believes are sufficient to provide the Company with the ability to continue as a going concern. The Company pursued funding through sale of stock. It has pursued a dealership agreement for its intended product, the marketing and sales of which is anticipated to be profitable. Management believes that the above actions will allow the Company to continue operations through the next fiscal year. However management cannot provide any assurances that the Company will be successful in its retail operation. Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Companys ability to raise additional capital, obtain financing and to succeed in its future operations. If the Company is unable to make it profitable, the Company could be forced to discontinue operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
|
Berry Only Inc. - Statement of Financial Position - Parenthetical (USD $)
|
Dec. 31, 2012
|
Jun. 30, 2012
|
|---|---|---|
| Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
| Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 |
| Preferred Stock, Shares Outstanding | 0 | 0 |
| Common Stock, Par Value | $ 0.001 | $ 0.001 |
| Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
| Common Stock, Shares Issued | 3,944,000 | 3,944,000 |
| Common Stock, Shares Outstanding | 3,944,000 | 3,944,000 |
|
Document and Entity Information (USD $)
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Document and Entity Information: | |
| Entity Registrant Name | Berry Only Inc. |
| Document Type | 10-Q |
| Document Period End Date | Dec. 31, 2012 |
| Amendment Flag | false |
| Entity Central Index Key | 0001498382 |
| Current Fiscal Year End Date | --06-30 |
| Entity Common Stock, Shares Outstanding | 3,944,000 |
| Entity Public Float | $ 0 |
| 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 | 2013 |
| Document Fiscal Period Focus | Q2 |
|
Berry Only Inc. - (A Development Stage Company) - Statement of Operations and Comprehensive Loss (USD $)
|
3 Months Ended | 6 Months Ended | 42 Months Ended | ||
|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
|
| Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Professional Fees | 3,250 | 6,726 | 7,030 | 9,888 | 33,742 |
| Other Selling General and Administrative | 0 | 4,190 | 375 | 4,886 | 31,266 |
| Total Expenses | 3,250 | 10,916 | 7,405 | 14,774 | 65,008 |
| Operating Loss | (3,250) | (10,916) | (7,405) | (14,774) | (65,008) |
| Net Income (Loss) | (3,250) | (10,916) | (7,405) | (14,774) | (65,008) |
| Currency translation adjustment | 0 | 0 | 0 | 0 | (87) |
| Comprehensive Loss | $ (3,250) | $ (10,916) | $ (7,405) | $ (14,774) | $ (65,095) |
| Net income (Loss) per share, basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 | |
| Weighted average number of common shares outstanding, basic and diluted | 3,944,000 | 3,944,000 | 5,208,652 | 3,944,000 | |
|
Note 3 - Related Parties Transactions (Details) (USD $)
|
Dec. 31, 2012
|
Jun. 30, 2012
|
|---|---|---|
| Due to Officer | $ 15,454 | $ 7,484 |
|
Note 2 - Going Concern (Details) (USD $)
|
0 Months Ended | 3 Months Ended | 6 Months Ended | 42 Months Ended | ||
|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
|
| Net Income (Loss) | $ (65,008) | $ (3,250) | $ (10,916) | $ (7,405) | $ (14,774) | $ (65,008) |
|
Note 4 - Capital (Details) (USD $)
|
Dec. 31, 2012
|
Jun. 30, 2012
|
|---|---|---|
| Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
| Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
| Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
| Common Stock, Par Value | $ 0.001 | $ 0.001 |
| Common Stock, Shares Issued | 3,944,000 | 3,944,000 |
| Common Stock, Shares Outstanding | 3,944,000 | 3,944,000 |
|
Berry Only Inc. - (A Development Stage Company) - Statements of Cash Flows (USD $)
|
6 Months Ended | 42 Months Ended | |
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
|
| Net Income (Loss) | $ (7,405) | $ (14,774) | $ (65,008) |
| Accounts Receivable | 0 | 5,000 | 0 |
| Accounts Payable | 1,620 | 2,500 | 4,120 |
| Net cash used in operating activities | (5,785) | (7,274) | (60,888) |
| Subscriptions Received | 0 | 0 | 0 |
| Net cash provided by investing activities | 0 | 0 | 0 |
| Proceeds of loan from officer | 7,970 | 2,384 | 15,454 |
| Sale of stock for cash | 0 | 0 | 49,500 |
| Net cash provided by financing activities | 7,970 | 2,384 | 64,954 |
| Effects of exchange rates on cash | 0 | 0 | (87) |
| Net increase/ (decrease) in cash | 2,185 | (4,890) | 3,979 |
| Cash at Beginning of Period | 1,794 | 5,695 | 0 |
| Cash at End of Period | 3,979 | 805 | 3,979 |
| Interest paid | 0 | 0 | 0 |
| Income Taxes paid | $ 0 | $ 0 | $ 0 |
|
Note 5 - Subsequent Events
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes | |
| Note 5 - Subsequent Events | NOTE 5 - Subsequent Events Events subsequent to December 31, 2012 have been evaluated through January 17, 2013, the date these statements were available to be issued, to determine whether they should be disclosed to keep the financial statements from being misleading. Management found no subsequent event to be disclosed. |
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