v3.26.1
Other Payables and Accruals
 12 Months Ended
Dec. 31, 2025
Other Payables and Accruals [Abstract]  
OTHER PAYABLES AND ACCRUALS

Note 11 — OTHER PAYABLES AND ACCRUALS

 

The components of other payables and accruals are as follows:

 

   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Accrued expenses   208,454    127,981    99,526 
Other payables   503,997    283,276    220,294 
GST payable   93,399    83,815    65,180 
Other payables and accruals   805,850    495,072    385,000 

 

Accrued expenses mainly consisted of staff expenses and professional service fees and costs incurred for operating activities which are yet to bill. Other payables included the provision for legal claims amounting to S$275,000 and S$200,000 ($155,533) as of December 31, 2024 and 2025, respectively. For more information see “Note 18 — Commitments and Contingencies”.

 

“GST” means the Goods and Services Tax chargeable pursuant to the Goods and Services Tax Act 1993 of Singapore.