v3.26.1
CONTRACT LIABILITIES
 12 Months Ended
Mar. 31, 2026
Contract Liabilities  
CONTRACT LIABILITIES

NOTE – 12 CONTRACT LIABILITIES

 

The movement in contract liabilities was as follows:

 

         2026 
   As of March 31, 
   2025   2026   2026 
   HKD   HKD   USD 
             
Balance as of beginning of the year  $480,921   $776,061   $99,495 
Add: recognized as deferred revenue   776,855    816,713    104,707 
Less: recognized as revenue   (480,921)   (664,230)   (85,158)
Exchange difference   (794)   7,729    991 
                
Balance as of end of the year  $776,061   $936,273   $120,035 

 

For the years ended March 31, 2024, 2025 and 2026, the Company recognized revenue of HKD1,344,342, HKD480,921 and HKD664,230 (USD85,158), respectively, that was previously included in the beginning balance of contract liabilities.