v3.25.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Apr. 30, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment as of April 30, 2025, and April 30, 2024, are summarized as follows:

 

Cost

 

Furniture and Equipment

 

 

Computer

Equipment

 

 

Automobile

 

 

Total

 

April 30, 2023

 

$72,504

 

 

$9,215

 

 

$-

 

 

$81,719

 

Additions

 

 

-

 

 

 

-

 

 

 

59,503

 

 

 

59,503

 

April 30, 2024

 

$72,504

 

 

$9,215

 

 

$59,503

 

 

$141,222

 

Additions

 

 

-

 

 

 

-

 

 

 

67,874

 

 

 

67,874

 

Disposal

 

 

-

 

 

 

-

 

 

 

(31,503)

 

 

(31,503)

April 30, 2025

 

$72,504

 

 

$9,215

 

 

$95,874

 

 

$177,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

Furniture and Equipment

 

 

Computer

Equipment

 

 

Automobile

 

 

Total

 

April 30, 2023

 

$7,681

 

 

$1,152

 

 

$-

 

 

$8,833

 

Additions

 

 

20,809

 

 

 

4,608

 

 

 

4,563

 

 

 

29,980

 

April 30, 2024

 

$28,490

 

 

$5,760

 

 

$4,563

 

 

$38,813

 

Additions

 

 

20,809

 

 

 

3,455

 

 

 

23,901

 

 

 

48,165

 

Disposal

 

 

-

 

 

 

-

 

 

 

(6,353)

 

 

(6,353)

April 30, 2025

 

$49,299

 

 

$9,215

 

 

$22,111

 

 

$80,625

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value

 

Furniture and Equipment

 

 

Computer

Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$44,014

 

 

$3,455

 

 

$54,940

 

 

$102,409

 

April 30, 2025

 

$23,205

 

 

$-

 

 

$73,763

 

 

$96,968

 

 

During the year ended April 30, 2025, and 2024, the Company acquired four automobiles of $67,874 and had no additions in property and equipment, respectively.

 

During the year ended April 30, 2025, the Company disposed of an automobile at net amount of $25,151 which was damaged from an accident. The Company received proceed from insurance coverage of $37,662 and recorded other income of $12,511.

 

As of April 30, 2025, and April 30, 2024, Property and Equipment were $96,968 and $102,409, respectively. Depreciation expenses of $48,165 and $29,980 were incurred during the year ended April 30, 2025, and 2024, respectively.