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Revenue
 12 Months Ended
Mar. 31, 2024
Revenue [Abstract]  
REVENUE

Note 3 — Revenue

 

Effective April 1, 2020, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after April 1, 2020 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenues remains substantially unchanged. There were no cumulative effect adjustments made to the contracts in place prior to July 1, 2019. The effect from the adoption of ASC Topic 606 was not material to the Company’s consolidated financial statements. 

 

Revenue is recognized when control of promised goods or services is transferred to the Company’s customers in an amount of consideration to which an entity expects to be entitled to in exchange for those goods or services. Control is the ability to direct the use of and obtain substantially all of the remaining benefits from the specified goods and services.

 

The following table present the Company’s revenue disaggregated by product categories for the years ended March 31, 2022, 2023 and 2024, respectively:

 

   For the years ended March 31, 
   2022   2023   2024   2024 
   HKD   HKD   HKD   US$ 
Sales of products                
Hair styling series   17,292,889    28,202,591    31,833,932    4,067,766 
Trimmer series   9,759,312    8,573,741    22,684,148    2,898,599 
Eyelash curler   1,853,553    1,407,342    804,863    102,846 
Neck care series   6,816,250    
–
    
–
    
–
 
Nail care series   3,155,090    1,217,577    1,413,106    180,568 
Other personal care appliances   6,228,823    2,981,513    3,230,238    412,763 
    45,105,917    42,382,764    59,966,287    7,662,542 
                     
Sales of tooling   
–
    3,135,475    7,006,014    895,234 
                     
Total   45,105,917    45,518,239    66,972,301    8,557,776