| Trade and other payables |
| 19. |
Trade
and other payables |
Schedule
of trade and other payables
| | |
2025 | | |
2024 | |
| | |
S$ | | |
S$ | |
| Trade payables | |
| | | |
| | |
| - Third parties | |
| 59,168 | | |
| 170,405 | |
| | |
| | | |
| | |
| Other payables | |
| | | |
| | |
| - Accruals | |
| 353,243 | | |
| 294,315 | |
| - Contract liabilities (Note
i) | |
| 19,447 | | |
| 9,021 | |
| - Other
payables (Note ii) | |
| 43,091 | | |
| 152,267 | |
| Other payables | |
| 415,781 | | |
| 455,603 | |
| | |
| | | |
| | |
| Total
trade and other payables | |
| 474,949 | | |
| 626,008 | |
Trade
and other payables are non-interest bearing and are normally settled on 30 days’ terms.
Note
| |
i) |
Contract
liabilities are deposit charged before the services commence, until the revenue is recognized on the relevant contract offset against
these. |
| |
ii) |
The
amounts due to the directors of S$3,291 (2024: S$12,587) are included in the other payables. The amounts due to directors are unsecured,
interest-free, and repayable on demand. |
The
following table shows movements in contact liabilities:-
Schedule
of contract liabilities
| | |
S$ | |
| | |
| |
| January 1, 2024 | |
| 37,891 | |
| Revenue recognized that
was included in the contract liabilities balance at the beginning of the year | |
| (37,891 | ) |
| Increase
in contract liabilities as a result of receiving deposits | |
| 9,021 | |
| | |
| | |
| December 31, 2024 | |
| 9,021 | |
| Revenue recognized that
was included in the contract liabilities balance at the beginning of the year | |
| (9,021 | ) |
| Increase
in contract liabilities as a result of receiving deposits | |
| 19,447 | |
| | |
| | |
| December 31, 2025 | |
| 19,447 | |
| |
ii) |
The
amounts due to the directors of S$3,291 (2024: S$12,587) are included in the other payables. The amounts due to directors are unsecured,
interest-free, and repayable on demand. |
| |
iii) |
No
accrued interest from loan from a shareholder (2024: S$1,445) are included in the accruals. |
BELIVE
HOLDINGS AND ITS SUBSIDIARY
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
For
the financial year ended December 31, 2025, 2024 and 2023
(in
Singapore Dollars)
|