| Accounts receivable |
3 Accounts receivable
Schedule of accounts receivable
| |
|
As
of February 29, 2024 |
|
|
As
of February 28, 2025 |
|
|
As
of February 28, 2025 |
|
| |
|
S$ |
|
|
S$ |
|
|
US$ |
|
| Accounts
Receivable |
|
|
|
|
|
|
|
|
|
|
|
|
| -
Related party |
|
|
22,167 |
|
|
|
22,260 |
|
|
|
16,497 |
|
| -
Third parties |
|
|
136,793 |
|
|
|
233,643 |
|
|
|
173,153 |
|
| Accounts
Receivable |
|
|
158,960 |
|
|
|
255,903 |
|
|
|
189,650 |
|
| |
|
|
|
|
|
|
|
|
|
| Less:
Allowance for credit losses |
|
|
|
|
|
|
|
|
|
|
|
|
| -
Related party |
|
|
22,167 |
|
|
|
22,260 |
|
|
|
16,497 |
|
| -
Third parties |
|
|
75,000 |
|
|
|
120,000 |
|
|
|
88,932 |
|
| Less:
Allowance for credit losses |
|
|
97,167 |
|
|
|
142,260 |
|
|
|
105,429 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts
receivable, net |
|
|
61,793 |
|
|
|
113,643 |
|
|
|
84,221 |
|
FAST
TRACK GROUP
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
Movement
of allowance for credit losses are as follows:
Schedule of movement of allowance
for credit losses
| |
|
As
of February 29, 2024 |
|
|
As
of February 28, 2025 |
|
|
As
of February 28, 2025 |
|
| |
|
S$ |
|
|
S$ |
|
|
US$ |
|
| |
|
|
|
|
|
|
|
|
|
| Allowance
for credit losses, beginning balance |
|
|
|
|
|
|
|
|
|
|
|
|
| -
Related party |
|
|
- |
|
|
|
22,167 |
|
|
|
16,428 |
|
| -
Third parties |
|
|
- |
|
|
|
75,000 |
|
|
|
55,583 |
|
| Allowance
for credit losses, beginning balance |
|
|
- |
|
|
|
97,167 |
|
|
|
72,010 |
|
| Addition
during the year |
|
|
|
|
|
|
|
|
|
|
|
|
| -
Related party |
|
|
22,167 |
|
|
|
- |
|
|
|
- |
|
| - Related party (movement due to revaluation) |
|
|
22,167 |
|
|
|
93 |
|
|
|
69 |
|
| -
Third parties |
|
|
75,000 |
|
|
|
45,000 |
|
|
|
33,350 |
|
| Addition
during the year |
|
|
97,167 |
|
|
|
45,093 |
|
|
|
33,418 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for credit losses, ending balance |
|
|
|
|
|
|
|
|
|
|
|
|
| -
Related party |
|
|
22,167 |
|
|
|
22,260 |
|
|
|
16,497 |
|
| -
Third parties |
|
|
75,000 |
|
|
|
120,000 |
|
|
|
88,932 |
|
| Allowance
for credit losses, ending balance |
|
|
97,167 |
|
|
|
142,260 |
|
|
|
105,429 |
|
|