Related Party Balance and Transactions (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
|---|
| Related Party Balance and Transactions [Abstract] |
|
| Schedule of Balances of Due to Related Parties |
As of March 31, 2025 and 2024, the balances of
due to related parties were as follows:
| | |
|
| |
2025 | | |
2024 | |
| Due to related parties | |
| |
| |
| | | |
| | |
| Mr. Ngo Chiu Lam (a) | |
| (1) |
| |
$ | 617,944 | | |
$ | 203,990 | |
| KC-CRFG JV (c) | |
| (1) |
| |
| 184,019 | | |
| 91,719 | |
| KC-Glory JV (d) | |
| (1) |
| |
| 320,278 | | |
| 318,436 | |
| KC-Geotech JV (e) | |
| (1) |
| |
| 237,783 | | |
| 242,870 | |
| | |
| |
| |
$ | 1,360,024 | | |
$ | 857,015 | |
| (1) | The balance represented the advances
from the director. Amounts due to joint ventures are for operation purpose. All amounts were unsecured, interest-free and repayable on
demand. |
|
| Schedule of Balances of Accounts Receivable, Net from Joint Venture |
As of March 31, 2025 and 2024, the balances of
accounts receivable, net from joint venture were as follows:
| | |
2025 | | |
2024 | |
| Accounts receivable, net | |
| | |
| |
| KC-Glory JV (d) | |
$ | 1,363,517 | | |
$ | 1,493,591 | |
| | |
$ | 1,363,517 | | |
$ | 1,493,591 | |
|
| Schedule of Balances of Contract Assets, Net from Joint Ventures |
As of March 31, 2025 and 2024, the balances of
contract assets, net from joint ventures were as follows:
| | |
2025 | | |
2024 | |
| Contract assets, net | |
| | | |
| | |
| KC-CRFG JV (c) | |
$ | 303,585 | | |
$ | 257,698 | |
| KC-Glory JV (d) | |
| 177,965 | | |
| 194,943 | |
| KC-Geotech JV (e) | |
| 42,600 | | |
| 41,480 | |
| | |
$ | 524,150 | | |
$ | 494,121 | |
As of March 31, 2025 and 2024, the balances of
contract liabilities from joint ventures were as follows:
| | |
2025 | | |
2024 | |
| Contract liabilities | |
| | |
| |
| KC-CRFG JV (c) | |
$ | 359,629 | | |
$ | 536,341 | |
| | |
$ | 359,629 | | |
$ | 536,341 | |
|
| Schedule of Related Party Transactions are Measured at the Exchange Amount |
The Company’s related party transactions
are measured at the exchange amount which is the amount of consideration established and agreed to by the related parties.
| | |
2025 | | |
2024 | | |
2023 | |
| Provision of construction services | |
| | | |
| | | |
| | |
| KC-CRFG JV (c) | |
$ | 4,695,289 | | |
$ | 6,884,950 | | |
$ | 8,937,204 | |
| KC-Glory JV (d) | |
| - | | |
| 338,800 | | |
| 2,888,169 | |
| KC-Geotech JV (e) | |
| 622 | | |
| 2,301,097 | | |
| 3,939,946 | |
| | |
$ | 4,695,911 | | |
$ | 9,524,847 | | |
$ | 15,765,319 | |
| | |
2025 | | |
2024 | | |
2023 | |
| Consultancy fee income | |
| | |
| | |
| |
| KC-CRFG JV (c) | |
$ |
10 | | |
$ |
35,736 | | |
$ |
60,452 | |
| KC-Geotech JV (e) | |
| 44,399 | | |
| 63,658 | | |
| 78,910 | |
| | |
$ | 44,409 | | |
$ | 99,394 | | |
$ | 139,362 | |
|