v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of major customers and suppliers

During the years ended March 31, 2026, 2025 and 2024, there were two, two and four customers generated income which accounted for over 10% of the total revenue generated for that year, respectively. The details are as follows:

 

   2026   2025   2024 
   For the years ended March 31, 
   2026   2025   2024 
Customer A   *   25.5%   40.9%
Customer B   -    -    21.4%
Customer C   

15.4

%   50.4%   17.1%
Customer D   -*    -*    11.1%

Customer G

   57.7%   *    - 

 

* Comprised less than 10% of revenue for the respective period.

 

As of March 31, 2026 and 2025, accounts receivable due from these customers as a percentage of consolidated accounts receivable are as follows:

 

   2026   2025 
   As of March 31, 
   2026   2025 
Customer A   4.2%   17.6%
Customer B   -    - 
Customer C   

12.8

%   47.4%
Customer D   

*

   10.2%

Customer G

   76.2%   16.0%

 

* Comprised less than 10% of accounts receivable for the respective period.

 

During the years ended March 31, 2026, 2025 and 2024, there were three, two and three suppliers accounted for over 10% of the total cost of revenue for that year. The details are as follows:

 

 

PHOENIX ASIA HOLDINGS Limited and its subsidiaries
Notes to Consolidated Financial Statements

 

2. Summary of Significant Accounting Policies (cont.)

 

   2026   2025   2024 
   For the years ended March 31, 
   2026   2025   2024 
Supplier A    27.1%    44.4%   35.2%
Supplier B   -*    -*    11.9%
Supplier C   -    -    10.2%
Supplier D   

*

   25.4%   -* 

Supplier E

   20.3%   -    - 

Supplier F

   19.3%   -    - 

 

* Comprised less than 10% of cost of revenue for the respective period.

 

As of March 31, 2026 and 2025, accounts payable due to these suppliers as a percentage of consolidated accounts payable are as follows:

 

   2026   2025 
   As of March 31, 
   2026   2025 
Supplier A   97.6%   84.0%
Supplier B   -    - 
Supplier C   -    - 
Supplier D   -    * 

Supplier E

   -    - 

Supplier F

   -    - 

 

* Comprised less than 10% of accounts payable for the respective period.
Schedule of straight-line basis over the estimated useful lives

 

Equipment   3.3 years
Motor vehicles   5 years
Furniture and fixture   5 years