| CONTRACT LIABILITIES |
SCHEDULE OF CONTRACT LIABILITIES
| | |
2026 | | |
2025 | |
| | |
HK$ | | |
HK$ | |
| | |
| | | |
| | |
| Contract liabilities (note) | |
| - | | |
| 4,667,773 | |
Notes:
| |
i. |
On August 27, 2024, the
Group had entered contract with independent customer for providing services of installation MVAC system, the Group received deposits
of HK$9,659,350 from customers, this will give rise to contract liabilities before the contract commencement, until the Group satisfied
the performance obligations. The management recognized the contract liabilities of HK$8,497,077 to revenue for the year ended March
31, 2025 and the management expects that the unsatisfied performance obligations of HK$1,162,273 will be recognized as revenue within
one year according to the contract period. During the year ended March 31, 2026, HK$1,162,273 was recognized as revenue. (2025: HK$8,497,077) |
| |
ii. |
On
February 10, 2025, the Group had entered contract with independent customer for providing of supply and installation of the colling
tower system, the Group received deposits of HK$ 3,505,500
from customers, this will give rise to contract liabilities before the contract commencement, until the Group satisfied the
performance obligations. The Group expects that the unsatisfied performance obligations will be recognized as revenue within one
year according to the contract period. During the year ended March 31, 2026, HK$3,505,500 was recognized as revenue. (2025:
HK$Nil) |
|