| Schedule of contract liabilities |
Contract liabilities consisted of the following at December 31: | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2025 | | HK$ | | HK$ | | US$ | | Billings in advance of performance obligation under contracts, current | 8,669,448 | | | 8,761,074 | | | 1,125,625 | | | Billings in advance of performance obligation under contracts, non-current | 104,714 | | | - | | | - | |
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| Schedule of movement in contract liabilities |
The movement in contract liabilities is as follows: | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2025 | | HK$ | | HK$ | | US$ | | Balance at beginning of the year ended December 31 | 4,619,690 | | | 8,774,162 | | | 1,127,306 | | | Decrease in contract liabilities as a result of recognizing revenue during the year was included in the contract liabilities at the beginning of the year | (6,388,598) | | | (13,501,218) | | | (1,734,639) | | | Increase in contract liabilities as a result of billings in advance of performance obligation under contracts | 10,543,070 | | | 13,488,130 | | | 1,732,958 | | | | | | | | | Balance at end of the year ended December 31 | 8,774,162 | | | 8,761,074 | | | 1,125,625 | | | Less: Amount expected to be recognized as revenue beyond 12 months | (104,714) | | | - | | | - | | | Amount expected to be recognized as revenue in 12 months | 8,669,448 | | | 8,761,074 | | | 1,125,625 | |
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