Contract Liabilities

12 Months Ended

Mar. 31, 2026

Note 8 — CONTRACT LIABILITIES

Movement in contract liabilities, consisted of the following:

	As of March 31,
	2025			2026			2026
	HKD			HKD			US$
At the beginning		1,008,415			501,804			64,500
Receipt from the clients		2,322,300			3,647,527			465,246
Revenue recognized during the year		(2,827,605	)		(3,367,280	)		(429,500	)
Exchange alignment		(1,306	)		7,876			510
At the end		501,804			789,927			100,756

Contract liabilities represent consideration received from customers prior to satisfying related performance obligations under ASC 606. The Company’s primary performance obligations consist of product design and development services and project advisory services. Revenue is recognized over time using an input method to measure progress based on contract costs incurred.

As of March 31, 2026, the full balance of contract liabilities is expected to be recognized as revenue within twelve months after the reporting date as the Company fulfils these service obligations under the underlying customer contracts.