Remmington Enterprises (RMMG) 10-K 29 Oct 13 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jul. 31, 2013	Oct. 28, 2013	Jan. 31, 2013
Document And Entity Information
Entity Registrant Name	REMMINGTON ENTERPRISES, INC.
Entity Central Index Key	1529293
Document Type	10-K
Document Period End Date	31-Jul-13
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$600,000
Entity Common Stock, Shares Outstanding		13,000,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013

Balance_Sheets

Balance Sheets (USD $)	Jul. 31, 2013	Jul. 31, 2012
Current assets
Cash	$811	$11,642
Total current assets	811	11,642
Other assets
Capitalized mining claims	20,600	20,600
Total other assets	20,600	20,600
Total assets	21,411	32,242
Current liabilities
Accounts payable and accrued expenses	127,621	58,474
Total current liabilities	127,621	58,474
Stockholders (deficit)
Preferred stock, $0.001 par value; 10,000,000 shares authorized, None issued and outstanding at July 31, 2013 and 2012, respectively
Common stock, $0.001 par value; 90,000,000 shares authorized, 12,900,000 and 13,000,000 issued and outstanding at July 31, 2013 and 2012, respectively	12,900	13,000
Additional paid-in capital	40,300	41,000
Stock subscription receivable		-800
Deficit accumulated during the exploration stage	-159,410	-79,432
Total stockholders (deficit)	-106,210	-26,232
Total liabilities and stockholders (deficit)	$21,411	$32,242

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jul. 31, 2013	Jul. 31, 2012
Statement of Financial Position [Abstract]
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Issued	0	0
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	90,000,000	90,000,000
Common Stock, Issued	12,900,000	13,000,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		25 Months Ended
	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013
Income Statement [Abstract]
Revenue
Operating expenses:
Professional fees	78,412	68,650	150,311
Exploration costs	606	560	6,166
General and administrative	960	1,943	2,933
Total operating expenses	79,978	71,153	159,410
Loss from operating activities	-79,978	-71,153	-159,410
Provision for incomes taxes
Net loss	($79,978)	($71,153)	($159,410)
Net loss per share - basic and fully diluted	($0.01)	($0.01)
Weighted average shares outstanding	13,000,000	11,881,918

Statements_of_Changes_In_Stock

Statements of Changes In Stockholders Deficit (USD $)	Common Stock	Additional Paid-In Capital	Subscriptions Receivable	Accumulated Deficit During teh Exploration Stage	Total
Balance Beginning, Amount at Jul. 14, 2011
Common stock issued for cash - Related party, Shares	10,000,000
Common stock issued for cash - Related party, Amount	$10,000	$20,000			$30,000
Net loss				-8,279	-8,279
Balance Ending, Amount at Jul. 31, 2011	10,000	20,000		-8,279	21,721
Balance Ending, Shares at Jul. 31, 2011	10,000,000
Common stock issued for cash and receivables, Shares	3,000,000
Common stock issued for cash and receivables, Amount	3,000	21,000	-800		23,200
Net loss				-71,153	-71,153
Balance Ending, Amount at Jul. 31, 2012	13,000	41,000	-800	-79,432	-26,232
Balance Ending, Shares at Jul. 31, 2012	13,000,000
Common stock subscription cancelled, Shares	-100,000
Common stock subscription cancelled, Amount	-100	-700	800
Net loss				-79,978	-79,978
Balance Ending, Amount at Jul. 31, 2013	$12,900	$40,300		($159,410)	($106,210)
Balance Ending, Shares at Jul. 31, 2013	12,900,000

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		25 Months Ended
	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013
Cash flows from operating activities:
Net loss	($79,978)	($71,153)	($159,410)
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	69,147	55,225	127,621
Net cash (used) by operating activities	-10,831	-15,928	-31,789
Cash flows from investing activities:
Purchase of mining claims			-20,600
Net cash (used) in investing activities			-20,600
Cash flows from financing activities:
Proceeds from the sales of common stock - related party			30,000
Proceeds from the sales of common stock		23,200	23,200
Net cash provided by financing activities		23,200	53,200
Net increase (decrease) in cash	-10,831	7,272	811
Cash – beginning of period	11,642	4,370
Cash – end of period	811	11,642	811
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for taxes

Organization_and_Summary_of_Si

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	(A)Nature of Operations
	Remmington Enterprises, Inc. (an exploration stage company) (the "Company") was incorporated under the laws of the State of Nevada on July 15, 2011. Remmington Enterprises, Inc. is a precious metal mineral acquisition, exploration and development company.
	(B) Basis of Presentation
	The Company is in the exploration stage in accordance with Accounting Standards Codification (“ASC”) Topic No. 915.
	These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America and include the have been consistently applied in the preparation of the financial statements on a going concern basis, which assumes the realization of assets and the discharge of liabilities in the normal course of operations for the foreseeable future.
	The Company has adopted a July 31 year end.
	(C) Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and expenses during the reported period. Actual results could differ from those estimates.
	(D) Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At July 31, 2013 and 2012, the Company had no cash equivalents.
	(E) Exploration and Development Costs
	In general, exploration costs are expensed as incurred. When the Company has determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property are capitalized. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. During the years ended July 31, 2013 and 2012, the Company recorded exploration costs of $606 and $560, respectively.
	(F) Impairment of Long-Lived Assets
	The Company accounts for its long-lived assets in accordance with ASC Topic 360-10. ASC Topic 360-10 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate.
	The Company assesses recoverability of the carrying value of an asset by estimating the future net cash flows expected to result from the asset, including eventual disposition. If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset's carrying value and fair value or disposable value. During the period ended July 31, 2013, no impairment was recognized.
	(G) Financial Instruments
	Financial instruments consist of cash, accounts receivable, accounts payable, notes payable and advances payable. Recorded values of cash, receivables, accounts payable and accrued liabilities approximate fair values due to the short maturities of such instruments. Recorded values for notes payable and related liabilities approximate fair values, since their stated or imputed interest rates are commensurate with prevailing market rates for similar obligations.
	(H) Loss Per Share
	The Company reports earnings (loss) per share in accordance with ASC Topic 260-10. Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of July 31, 2013, there were no potential common shares underlying warrants or options.
	(I) Revenue Recognition
	The Company currently has not generated revenues. Any future revenues earned, primarily through the sale of extracted minerals, will be recognized utilizing the following general revenue recognition criteria: 1) pervasive evidence of an arrangement exists; 2) delivery has occurred; 3) the price to the buyer is fixed or determinable; and 4) collectability is reasonably assured.
	Delivery on mineral sales is determined to be complete for revenue recognition purposes when title and risk of loss has passed to the customer in accordance with stated contractual terms and there is no future obligations related to the shipment. Title generally passes as the minerals are loaded into transport carriers for delivery to the customer.
	(J) Income Taxes
	Income taxes are accounted for under the asset and liability method in accordance with ASC Topic 740-10. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. When it is considered to be more likely than not that a deferred tax asset will not be realized, a valuation allowance is provided for the excess.
	(K) New Accounting Standards
	We do not believe there are any recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s financial statements.

Going_Concern

Going Concern	12 Months Ended
	Jul. 31, 2013
Notes to Financial Statements
Going Concern	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of $159,410 for the period of July 15, 2011 (Inception) to July 31, 2013.
	These conditions give rise to doubt about the Company’s ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock as may be required and ultimately to attain profitability.

Mining_Properties

Mining Properties	12 Months Ended
	Jul. 31, 2013
Notes to Financial Statements
Mining Properties	On July 26, 2011, the Company acquired four lode mining claims for cash totaling $20,600.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions	On July 19, 2011, the Company issued 10,000,000 shares of its restricted common stock to its sole officer and director at a rate of $0.003 per share. (See NOTE 5)

Stockholders_Deficit

Stockholders (Deficit)	12 Months Ended
	Jul. 31, 2013
Equity [Abstract]
Stockholders (Deficit)	We are authorized to issue up to 90,000,000 shares of $0.001 par value common stock and 10,000,000 shares of $0.001 par value preferred stock. The Preferred Stock may be issued in one or more series, with all rights and preferences being determined by the board of directors.
	Preferred Stock
	The voting rights, rate of dividends preference in relation to other classes or series, and rights in the event of liquidation related to shares of Preferred Stock of any series are determined by the board of directors and may vary from time to time.
	Common Stock
	Holders of common stock have voting rights equal to one vote for each share of Common Stock held and are entitled to receive dividends when, and if declared by the board of directors subject to the rights of any Preferred Stock having preference as to dividends. In the event of liquidation or dissolution, subject to the rights of Preferred Stock holders are entitled to share ratably in the Corporations assets. Holders of Common Stock do not have conversion, redemption or preemptive rights.
	On July 19, 2011, the Company issued 10,000,000 shares of its common stock to its sole officer and director for cash totaling $30,000.
	During the year ended July 31, 2012, the Company issued a total of 3,000,000 shares of its common stock at a price of $0.008 per share for a total of $23,200 cash and $800 in stock subscriptions receivable. In August 2012 the stock subscription receivable of $800 was considered uncollectible and thus has been written off the books utilizing that effective date.

Subsequent_Events

Subsequent Events	12 Months Ended
	Jul. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	In accordance with ASC 855, management evaluated all activity of the Company through the issue date of the financial statements and concluded that no other subsequent events have occurred that would require recognition or disclosure in the financial statements.

Organization_and_Summary_of_Si1

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	(A)Nature of Operations
	Remmington Enterprises, Inc. (an exploration stage company) (the "Company") was incorporated under the laws of the State of Nevada on July 15, 2011. Remmington Enterprises, Inc. is a precious metal mineral acquisition, exploration and development company.
Basis of Presentation	(B) Basis of Presentation
	The Company is in the exploration stage in accordance with Accounting Standards Codification (“ASC”) Topic No. 915.
	These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America and include the have been consistently applied in the preparation of the financial statements on a going concern basis, which assumes the realization of assets and the discharge of liabilities in the normal course of operations for the foreseeable future.
	The Company has adopted a July 31 year end.
Use of Estimates	(C) Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and expenses during the reported period. Actual results could differ from those estimates.
Cash and Cash Equivalents	(D) Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At July 31, 2013 and 2012, the Company had no cash equivalents.
Exploration and Development Costs	(E) Exploration and Development Costs
	In general, exploration costs are expensed as incurred. When the Company has determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property are capitalized. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. During the years ended July 31, 2013 and 2012, the Company recorded exploration costs of $606 and $560, respectively.
Impairment of Long-Lived Assets	(F) Impairment of Long-Lived Assets
	The Company accounts for its long-lived assets in accordance with ASC Topic 360-10. ASC Topic 360-10 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate.
	The Company assesses recoverability of the carrying value of an asset by estimating the future net cash flows expected to result from the asset, including eventual disposition. If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset's carrying value and fair value or disposable value. During the period ended July 31, 2013, no impairment was recognized.
Financial Instruments	(G) Financial Instruments
	Financial instruments consist of cash, accounts receivable, accounts payable, notes payable and advances payable. Recorded values of cash, receivables, accounts payable and accrued liabilities approximate fair values due to the short maturities of such instruments. Recorded values for notes payable and related liabilities approximate fair values, since their stated or imputed interest rates are commensurate with prevailing market rates for similar obligations.
Loss Per Share	(H) Loss Per Share
	The Company reports earnings (loss) per share in accordance with ASC Topic 260-10. Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of July 31, 2013, there were no potential common shares underlying warrants or options.
Revenue Recognition	(I) Revenue Recognition
	The Company currently has not generated revenues. Any future revenues earned, primarily through the sale of extracted minerals, will be recognized utilizing the following general revenue recognition criteria: 1) pervasive evidence of an arrangement exists; 2) delivery has occurred; 3) the price to the buyer is fixed or determinable; and 4) collectability is reasonably assured.
	Delivery on mineral sales is determined to be complete for revenue recognition purposes when title and risk of loss has passed to the customer in accordance with stated contractual terms and there is no future obligations related to the shipment. Title generally passes as the minerals are loaded into transport carriers for delivery to the customer.
Income Taxes	(J) Income Taxes
	Income taxes are accounted for under the asset and liability method in accordance with ASC Topic 740-10. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. When it is considered to be more likely than not that a deferred tax asset will not be realized, a valuation allowance is provided for the excess.
New Accounting Standards	(K) New Accounting Standards
	We do not believe there are any recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s financial statements.

Organization_and_Summary_of_Si2

Organization and Summary of Significant Accounting Policies (Details Narrative) (USD $)	12 Months Ended		25 Months Ended
	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date Of Incorporation	15-Jul-11
Current Fiscal Year End Date	-24
Cash And Cash Equivalents	$0	$0	$0
Exploration costs	$606	$560	$6,166

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	1 Months Ended	12 Months Ended		25 Months Ended
	Jul. 31, 2011	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013
Notes to Financial Statements
Net loss	($8,279)	($79,978)	($71,153)	($159,410)

Mining_Properties_Details_Narr

Mining Properties (Details Narrative) (USD $)	12 Months Ended		25 Months Ended
	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013
Notes to Financial Statements
Purchase of Mining Claims			$20,600
Date claims were acquired			26-Jul-11

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	1 Months Ended
	Jul. 31, 2011	Jul. 31, 2012	Jul. 19, 2011
Related Party Transactions [Abstract]
Stock Issued To Sole Officer and Director	10,000,000
Common Stock Stated Value Per Share		$0.01	$0.00

Stockholders_Deficit_Details_N

Stockholders (Deficit) (Details Narrative) (USD $)	1 Months Ended	12 Months Ended		25 Months Ended
	Jul. 31, 2011	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2013	Jul. 19, 2011
Equity [Abstract]
Common Stock Shares Authorized		90,000,000	90,000,000	90,000,000
Common Stock Par Value Per Share		$0.00	$0.00	$0.00
Preferred Stock Shares Authorized		10,000,000	10,000,000	10,000,000
Preferred Stock Par Value Per Share		$0.00	$0.00	$0.00
Stock Issued To Sole Officer and Director	10,000,000
Proceeds From Stock Issued To Sole Officer and Director	$30,000
Shares Issued For Cash			3,000,000
Common Stock Stated Value Per Share			$0.01		$0.00
Proceeds From Issuance Of Common Stock			23,200	23,200
Stock Subscriptions Receivable From Issuance Of Common Stock			800
Stock Subscription Receivable Deemed Uncollectible			$800