NATURE OF OPERATIONS AND BASIS OF PRESENTATION
|12 Months Ended|
Mar. 31, 2015
|Notes to Financial Statements|
|NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION||
First Fixtures, Inc. was incorporated in the State of Nevada as a for-profit Company on February 21, 2014 and established a fiscal year end of March 31. The Company is organized to sell plumbing fixtures over the internet.
Basis of presentation
The financial statements present the balance sheet, statements of operations, stockholders equity and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.
To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $18,491. As at March 31, 2015, the Company has a working capital deficit of $13,491. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Companys ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These 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 result from this uncertainty.
The entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles.
No definition available.