v3.26.1
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of components of income tax expense (benefit)

The components of the income tax expense (benefit) are as follows:

 

   2026   2025   2024 
   For the years ended March 31, 
   2026   2025   2024 
   USD   USD   USD 
Current               
Cayman Islands   -    -    - 
British Virgin Islands   -    -    - 
Hong Kong   -    276,574    230,304 
Current               
Deferred               
Cayman Islands   -    -    - 
British Virgin Islands   -    -    - 
Hong Kong   (2,385)   (5,903)   (47,237)
Deferred               
Total   (2,385)   270,671    183,067 
Schedule of deferred tax asset and liability

 

   2026   2025 
   As of March 31, 
   2026   2025 
   USD   USD 
Deferred tax assets          
Provision for allowance of credit losses   9,077    10,176 
Long service payment obligation   1,779    1,093 
Deferred tax assets, net   10,856    11,269 
Deferred tax liabilities          
Plant and equipment, net   (1,367)   (4,165)
Deferred tax liabilities, net   (1,367)   (4,165)
Deferred tax assets, net   9,489    7,104 
Schedule of income tax expense reconciliation

 

   2026   2025   2024 
   For the years ended March 31, 
   2026   2025   2024 
   USD   USD   USD 
(Loss) / Income before income taxes   (1,203,345)   1,296,989    1,239,650 
Hong Kong Profits Tax rate   16.5%   16.5%   16.5%
Income taxes computed at Hong Kong Profits Tax rate   

(198,552

)   214,003    204,542 
                
Reconciling items:               
Tax effect of income that is not taxable*   (76)   (10)   (4)
Tax effect of expense that is not deductible   

168,330

    78,025    68 

Tax losses not recognized

   27,913    -    - 
Effect of two-tier tax rate   -   (21,154)   (21,154)
Statutory tax deduction# (tax holiday)   -   (192)   (385)
Income tax (credit) / expense   (2,385)   270,671    183,067 

 

* Income that is not taxable mainly consisted of the government subsidies which are non-taxable under Hong Kong income tax law.

 

# It represents a reduction granted by the Hong Kong SAR Government of 100% of the tax payable subject to a maximum reduction of HKD3,000 (2025: HKD1,500) for each business.