v3.26.1
Taxes (Tables)
12 Months Ended
Mar. 31, 2026
Taxes [Abstract]  
Schedule of Income Tax Expenses

Significant components of the income tax expenses are as follows:

 

    Years ended March 31,  
    2024     2025     2026     2026  
    HK$     HK$     HK$     US$  
Current:                        
Hong Kong     5,806,012       6,431,499       5,308,729       677,134  
Deferred tax credit                 (3,490,029 )     (445,157 )
Total income tax expenses     5,806,012       6,431,499       1,818,700       231,977  
Schedule of Statutory Rates to the Effective Tax Rate

The following table reconciles Cayman Islands statutory rates to the effective tax rate:

 

    Years ended March 31,  
    2024     2025     2026  
Income tax rate in the Cayman Islands, permanent tax holiday     0.0 %     0.0 %     0.0 %
Hong Kong statutory income tax rate     16.5 %     16.5 %     (16.5 )%
Income not taxable           (6.9 )%     (1.8 )%
Expenses not deductible                 8.8 %
Over (under) provision of prior year           (0.3 )%     0.7 %
Tax concession     (0.7 )%     (2.0 )%     (0.1 )%
Tax loss not recognized                 2.1 %
Change in valuation allowance (note (a))     7.0 %     65.2 %     8.0 %
Effective tax rate     22.8 %     72.5 %     1.2 %
(a) Change in valuation allowance represents valuation allowance of deferred tax assets recorded for the years ended March 31, 2024, 2025 and 2026 from certain subsidiaries of the Company in Hong Kong.
Schedule of Deferred Tax Assets The deferred tax assets consist of the following components:

 

    As of March 31,  
    2024     2025     2026     2026  
    HK$     HK$     HK$     US$  
Deferred tax assets     2,350,700       4,128,600       6,718,269       856,922  
Valuation allowance     (2,350,700 )     (4,128,600 )     (3,591,044 )     (458,041 )
Net deferred tax assets                 3,127,225       398,881  

 The deferred tax liabilities which are principally comprised of valuation allowance of customer relationship. The deferred tax liabilities consist of the following components:

 

    As of March 31,  
    2024     2025     2026     2026  
    HK$     HK$     HK$     US$  
Valuation allowance                 (3,990,843 )     (509,036 )
Deferred tax liabilities                 (3,990,843 )     (509,036 )
Schedule of Valuation Allowance

Movements of valuation allowance were as follows:

 

    For the years ended March 31,  
    2024     2025     2026     2026  
    HK$     HK$     HK$     US$  
Balance, beginning of the year     (1,437,150 )     (2,350,700 )     (4,128,600 )     (526,607 )
Additions     (913,550 )     (1,777,900 )     (1,062,373 )     (135,507 )
Deconsolidation of subsidiaries                 1,599,929       204,073  
Balance, end of the year     (2,350,700 )     (4,128,600 )     (3,591,044 )     (458,041 )

Movements of valuation allowance were as follows:

 

    For the years ended March 31,  
    2024     2025     2026     2026  
    HK$     HK$     HK$     US$  
Balance, beginning of the year                        
Acquisition from business combination                 4,353,647       555,312  
Credit to profit or loss                 (362,804 )     (46,276 )
Deferred tax liabilities                 3,990,843       509,036