v3.26.1
Property and Equipment, Net
 12 Months Ended
Mar. 31, 2026
Property and Equipment, Net [Abstract]  
Property and equipment, net
9Property and equipment, net

 

   As of March 31, 
   2025   2026   2026 
   S$   S$   US$ 
             
Freehold property   3,279,270    
-
    
-
 
Computer   237,968    248,728    192,913 
Furniture and fittings   204,079    242,679    188,221 
Office equipment   44,890    46,240    35,864 
Motor vehicles   636,755    636,755    493,867 
Leasehold improvements   533,297    533,297    413,626 
    4,936,259    1,707,699    1,324,491 
Less: accumulated depreciation   (2,076,349)   (1,537,796)   (1,192,714)
    2,859,910    169,903    131,777 

 

Depreciation expense for the years ended March 31, 2024, 2025 and 2026 was S$139,944, S$131,880 and S$86,805 (US$67,326).

 

During the year ended March 31, 2026, the Company disposed of its freehold property with carrying value of S$2,667,140 to individuals for a consideration of S$3,500,000. The disposal resulted in a gain of S$832,860, which was recognized in the consolidated statements of operations and other comprehensive income.

 

Capital expenditure commitments

 

The Company’s capital expenditures consisted primarily of purchases of warehouse racking, motor vehicles, and equipment, and amounted to approximately S$18,535, S$122,541, and S$38,600 for the financial years ended March 31, 2024, 2025, and 2026, respectively.

The Company expects to continue incurring capital expenditures to support the growth of its business, including expenditures related to office equipment and leasehold improvements. Such expenditures are expected to be funded through existing cash balances.

 

As of March 31, 2026, the Company did not have any material commitments for capital expenditures.