Artisan Consumer Goods (ARRT) 10-K 15 Oct 13 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2013	Oct. 11, 2013	Dec. 31, 2012
Document And Entity Information
Entity Registrant Name	Cassidy Ventures Inc.
Entity Central Index Key	1530425
Document Type	10-K
Document Period End Date	30-Jun-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 Common Stock, Shares Outstanding		135,000,000
Entity public float			$10,462,500
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013

Balance_Sheets

Balance Sheets (USD $)	Jun. 30, 2013	Jun. 30, 2012
Current Assets
Cash and cash equivalents		$6,982
Total current assets		6,982
Other Assets
Mining Claim		5,888
Total other assets		5,888
TOTAL ASSETS	0	12,870
Current Liabilities
Accounts payable and accrued expenses	82,773	3,366
Shareholder advances	19,920	20
Total current liabilities	102,693	3,386
TOTAL LIABILITIES	102,693	3,386
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.001 par value, 256,000,000 shares authorized; 135,000,000 shares issued and outstanding at June 30, 2013 and 2012 respectively	135,000	135,000
Additional paid-in capital	-24,500	-38,000
Deficit accumulated during exploration stage	-213,193	-87,516
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	-102,693	9,484
TOTAL LIABILITITES AND STOCKHOLDERS' EQUITY (DEFICIT)	$0	$12,870

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2013	Jun. 30, 2012
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value	$0.00	$0.00
Common stock, authorized	256,000,000	256,000,000
Common stock, issued	135,000,000	135,000,000
Common stock, outstanding	135,000,000	135,000,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		45 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Statements Of Operations
Consulting fee expense	$75,000		$75,000
Management Fees and Rent	13,500	18,000	63,000
Exploration Expense	8,474		8,474
Professional fees	15,356	26,130	48,340
General and Administative	7,459	4,578	12,491
Loss from operations	-119,789	-48,708	-207,305
Other Income and (expense)
Impairment loss	5,888		5,888
Net Loss	($125,677)	($48,708)	($213,193)
Basic and Diluted loss per share	$0	$0
Weighted average number of common shares outstanding: Basic and Diluted	135,000,000	135,000,000

Statements_of_Stockholders_Equ

Statements of Stockholder's Equity (Deficit) (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During Exploration Stage	Total
Begining Balance, Amount at Sep. 14, 2009
Begining Balance, Shares at Sep. 14, 2009
Stock issued to founders for cash, Amount	100,000	-95,000		5,000
Stock issued to founders for cash, Shares	100,000,000
Stock issued for cash, Amount	35,000	7,500		42,500
Stock issued for cash, Shares	35,000,000
Donated services		13,500		13,500
Net loss			-13,520	-13,520
Ending Balance, Amount at Jun. 30, 2010	135,000	-74,000	-13,520	47,480
Ending Balance, Shares at Jun. 30, 2010	135,000,000
Donated services		18,000		18,000
Net loss			-25,288	-25,288
Ending Balance, Amount at Jun. 30, 2011	135,000	-56,000	-38,808	40,192
Ending Balance, Shares at Jun. 30, 2011	135,000,000
Donated services		18,000		18,000
Net loss			-48,708	-48,708
Ending Balance, Amount at Jun. 30, 2012	135,000	-38,000	-87,516	9,484
Ending Balance, Shares at Jun. 30, 2012	135,000,000
Donated services		13,500		13,500
Net loss			-125,677	-125,677
Ending Balance, Amount at Jun. 30, 2013	$135,000	($24,500)	($213,193)	($102,693)
Ending Balance, Shares at Jun. 30, 2013	135,000,000

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		45 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	($125,677)	($48,708)	($213,193)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Donated services	13,500	18,000	63,000
Impairment loss	5,888		5,888
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	79,407	-1,689	82,773
Net cash used in operating activities	-26,882	-32,397	-61,532
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mining claim			-5,888
Net cash used in investing activities			-5,888
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from shareholder advances	19,900		19,920
Issuance of common stock for cash			47,500
Net cash provided by financing activities	19,900		67,420
Net change in cash	-6,982	-32,397
Cash and cash equivalents at beginning of period	6,982	39,379
Cash and cash equivalents at end of period		6,982
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during year for : Interest
Cash paid during year for : Income Taxes

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS	Cassidy Ventures, Inc. (the “Company”) was incorporated in the State of Nevada on September 14, 2009, and its year end is June 30. The Company is “An Exploration Stage Company” as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 918, Development Stage Entities with no revenues and limited operating history. The Company has acquired mineral properties located in the Thunder Bay mining district, Province of Ontario, Canada but has not yet determined whether these properties contain reserves that are economically recoverable. The recoverability of costs incurred for acquisition and exploration of the properties will be dependent upon the discovery of economically recoverable reserves, confirmation of the Company’s interest in the underlying properties, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements and to complete the development of the properties and upon future profitable production or proceeds from the sale thereof.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Accounting
	The Company’s financial statements are prepared using the accrual method of accounting and are presented in United States Dollars.
	Basic Earnings (loss) per Share
	The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.
	Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.
	Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Mineral Property Costs
	The Company has been in the exploration stage since its formation on September 14, 2009 and has not yet realized any revenues from its planned operations. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets.
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles 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 and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
	Income Taxes
	Income taxes are provided in accordance with ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
	Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
	Foreign Currency Translation
	The Company’s functional and reporting currency is the United States dollar. On occasion transactions may occur in Canadian dollars. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of net income (loss).
	Fair Value of Financial Instruments
	The carrying amount of cash and current liabilities approximates fair value due to the short maturity of these instruments. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgement and therefore cannot be determined with precision. Unless otherwise noted, it is management’s opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.
	Environmental Costs
	Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations and which do not contribute to current or future revenue generation are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of completion of a feasibility study of the Company’s commitments to plan of action based on the then known facts.
	Stock Based Compensation
	The Company records stock-based compensation using the fair value method of valuing stock options and other equity-based compensation issued. The Company has not granted any stock options since its inception. Accordingly, no stock-based compensation has been recorded.
	Start-Up expenses
	As a start-up company, the costs associated with start-up activities are expensed as incurred. Accordingly, start-up costs associated with the Company’s formation have been included in the Company’s general and administrative expenses for the period from September 14, 2009 (inception) through June 30, 2013.
	Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 3 GOING CONCERN	These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $213,193 as at June 30, 2013 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or private placement of common stock.
	There is no guarantee that the Company will be able to raise any capital through any type of offering.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 4 RELATED PARTY TRANSACTIONS	On February 1, 2013, the Company entered into a 24 month consulting agreement with William Drury, an Officer of this Company and WICAWIBE LLC. 297 President Street, Brooklyn, NY 11231. The agreement ends on February 1, 2015 and the monthly fee is $15,000. Mr Drury has agreed to defer payment of said fees until the Company receives additional operating capital or upon completion of this agreement. As of June 30, 2013, the accrued expense is $75,000.
	The officer of the Company could become involved in other business activities as they become available. This could create a conflict between the Company and the other business interests. The Company has not formulated a policy for the resolution of such a conflict should one arise.
	Shareholder advances from a related party as of June 30, 2013 are $19,920.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 5 INCOME TAXES	The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes and (b) net operating costs carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverably taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward and accrued expenses has been recognized as it is not determined likely to be realized.
	The provision for refundable Federal income tax consists of the following for the periods ending:
		June 30,			June 30,
		2013			2012
	Federal income tax benefit attributable to:
	Deferred tax benefits –accrued expenses	$	25,500			-
	Net operating loss	$	15,228		$	16,561
	Less, change in valuation allowance	$	(40,728	)	$	(16,561	)
	Net benefit		-			-
		June 30,			June 30,
		2013			2012
	The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount as follows
	Deferred tax attributed:
	Net operating loss carryover and accrued expenses	$	40,728		$	25,161
	Less valuation allowance		(40,728	)		(25,161	)
	Net Deferred Tax Asset	$	-		$	-
	On June 30, 2013 the Company had an unused net operating loss carry-forward of approximately $132,305 that is available to offset future taxable income; the loss carry-forward will start to expire in 2031. Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

MINERAL_PROPERTY

MINERAL PROPERTY	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 6 MINERAL PROPERTY	On June 17, 2011, the Company paid $5,888 for the property acquisition of claim # 4256860 in the Thunder Bay mining district of, Ontario, Canada. During the period ended June 30, 2013, the Company recognized an impairment loss of $5,888 on the mining claim.

EQUITY_TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 7 EQUITY TRANSACTIONS	On October 6, 2009 the Company issued 100,000,000 shares of common stock at $0.001 per share, par value, to the founders of the Company for net cash proceeds of $5,000.
	Between October 27 and November 12, 2009 the Company issued 15,000,000 shares of common stock at $0. 01 per share to various investors, for net cash proceeds of $7,500.
	Between February 23 and March 26, 2010, the Company issued 10,000,000 shares of common stock at $0. 01 per share to various investors, for net cash proceeds of $5,000.
	Between April 22 and May 28, 2010 the Company issued 8,000,000 shares of common stock at $0.05 per share, to various investors for net cash proceeds of $20,000.
	On June 25, 2010 the Company issued 2,000,000 shares of common stock at $0.10 per share to two investors for net cash proceeds of $10,000.
	On March 6, 2013, the Company declared a stock dividend of nineteen (19) shares of common stock at par value of $0.001 per share, to all shareholders of record as of this date, effective 10 days after notification to the Financial Industry Regulatory Authority (“FINRA”).
	On March 7, 2013, the Company authorized an Amendment to the Articles of Incorporation, allowing the Company to issue up to a maximum of two hundred and fifty six million (256,000,000) shares of common stock at a par value of $0.001 per share.
	As of June 30, 2013 there are 256,000,000 shares of common stock at par value of $0.001 per share authorized and 135,000,000 issued and outstanding.
	The stock dividend has been shown retroactively.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
NOTE 8 SUBSEQUENT EVENTS	The Company evaluated all events or transactions that occurred after June 30, 2013 up through the date these financial statements were available for issuance. During this period, the Company did not have any material recognizable subsequent events.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (POLICIES)	12 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
Basis of Accounting	The Company’s financial statements are prepared using the accrual method of accounting and are presented in United States Dollars.
Basic Earnings (loss) per Share	The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.
	Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.
Cash Equivalents	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Mineral Property Costs	The Company has been in the exploration stage since its formation on September 14, 2009 and has not yet realized any revenues from its planned operations. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets.
Use of Estimates and Assumptions	The preparation of financial statements in conformity with generally accepted accounting principles 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 and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Income Taxes	Income taxes are provided in accordance with ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
	Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Foreign Currency Translation	The Company’s functional and reporting currency is the United States dollar. On occasion transactions may occur in Canadian dollars. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of net income (loss).
Fair Value of Financial Instruments	The carrying amount of cash and current liabilities approximates fair value due to the short maturity of these instruments. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgement and therefore cannot be determined with precision. Unless otherwise noted, it is management’s opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.
Environmental Costs	Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations and which do not contribute to current or future revenue generation are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of completion of a feasibility study of the Company’s commitments to plan of action based on the then known facts.
Stock Based Compensation	The Company records stock-based compensation using the fair value method of valuing stock options and other equity-based compensation issued. The Company has not granted any stock options since its inception. Accordingly, no stock-based compensation has been recorded.
Start-Up expenses	As a start-up company, the costs associated with start-up activities are expensed as incurred. Accordingly, start-up costs associated with the Company’s formation have been included in the Company’s general and administrative expenses for the period from September 14, 2009 (inception) through June 30, 2013.
Recent Accounting Pronouncements	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

ORGANIZATION_AND_DESCRIPTION_O1

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	12 Months Ended
	Jun. 30, 2013
Organization And Description Of Business Details Narrative
State of incorporation	State of Nevada
Date of incorporation	14-Sep-09

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Going Concern Details Narrative
Accumulated Deficit	($213,193)	($87,516)

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended		45 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Related Party Transactions Details Narrative
Loans from shareholder	$19,920		$19,920
Accued consulting expenses	$75,000		$75,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Federal income tax benefit attributable to:
Deferred tax benefits - accrued expenses	$25,500
Net operating loss	15,228	16,561
Less, change in valuation allowance	-40,728	-16,561
Net benefit	$0	$0

INCOME_TAXES_Details_1

INCOME TAXES (Details 1) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Deferred tax attributed:
Net operating loss carryover and accrued expenses	$40,728	$25,161
Less valuation allowance	-40,728	-25,161
Net Deferred Tax Asset	$0	$0

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2013
Income Taxes Details Narrative
Unused net operating loss carry-forward	$132,305
Loss carry-forward expiry period	2031

MINERAL_PROPERTY_Details_Narra

MINERAL PROPERTY (Details Narrative) (USD $)	12 Months Ended		45 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Mineral Property Details Narrative
Impairment loss on mineral property	$5,888		$5,888

EQUITY_TRANSACTIONS_Details_Na

EQUITY TRANSACTIONS (Details Narrative) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Equity Transactions Details Narrative
Common stock, authorized	256,000,000
Common stock, par value	$0.00	$0.00
Common stock, issued	135,000,000	135,000,000
Common stock, outstanding	135,000,000	135,000,000