v3.26.1
Consolidated Statements of Cash Flows
12 Months Ended
Mar. 31, 2026
HKD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
HKD ($)
Mar. 31, 2024
HKD ($)
Cash flows from operating activities        
Net income $ 16,690,575 $ 2,128,900 $ 8,268,367 $ 9,936,794
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation of plant and equipment 4,868
Amortization of right-of-use asset 85,477
Amortization of intangible asset 235,251 30,007
Accretion of promissory note 243,432 31,050
Deferred income tax (38,816) (4,951)
Unrealized foreign currency translation (487,202) (62,143) 214,994 (61,043)
Changes in operating assets and liabilities        
Accounts receivables, net (40,806,804) (5,204,949) 6,335,863 (7,755,205)
Merchandise inventories, net 1,881,875 240,035 (26,189) (1,855,686)
Deposits and prepayments (20,717,082) (2,642,485) 5,000 90,000
Long-term deposits 10,000 1,276 18,000
Accounts payable 18,487,539 2,358,104 (262,048) (5,441)
Accounts payable - related party 4,860,674 619,984 (9,163,121) 15,554,384
Accruals and other payables 3,311,195 422,346 768,541 402,540
Contract liabilities 287,434 36,663 (505,960) (697,439)
Amounts due to directors 333,519 42,541
Operating lease obligation (87,972)
Taxes payables 1,197,123 152,694 585,087 119,002
Net cash provided by (used in) operating activities (14,511,287) (1,850,928) 6,220,534 15,748,279
Cash flows from investing activities        
Repayment by the director 145,166 846,860
Acquisition of a business, net of cash acquired (27,682,717) (3,530,959)
Net cash provided by (used in) investing activities (27,682,717) (3,530,959) 145,166 846,860
Cash flows from financing activities        
Deferred offering costs (1,094,969) (139,664) (2,075,897)
Proceed from Initial Public Offering of shares 42,871,117
Proceeds from Follow-On Offering of shares 35,900,778 4,579,181
Net cash (used in) provided by financing activities 34,805,809 4,439,517 42,871,117 (2,075,897)
Change in cash (7,388,195) (942,370) 49,236,817 14,519,242
Effect of foreign exchange on cash 570,091 (10,893) (271,488) 3,844
Cash at the beginning of the year 84,850,995 10,906,438 35,885,666 21,362,580
Cash at the end of the year 78,032,891 9,953,175 84,850,995 35,885,666
Supplementary cash flow information        
Cash paid for income tax 2,497,229 318,524 1,671,400 2,697,998
Non-cash financing activity: promissory note issued at fair value as consideration for a business combination $ 14,188,098 $ 1,809,707