Income tax expense/(benefit) (Tables)
|
12 Months Ended |
Apr. 30, 2026 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of components of income tax expense recognized in profit or loss |
The
major components of income tax expense/(benefit) recognized in profit or loss for the years ended April 30, 2024, 2025 and 2026 were:
Schedule
of components of income tax expense recognized in profit or loss
| | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2026 | | |
April 30, 2026 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Current income tax expense/(benefit) | |
| | | |
| | | |
| | | |
| | |
| Current year’s provision | |
| 33,361 | | |
| 19,145 | | |
| 223,573 | | |
| 175,516 | |
| (Over)/Under provision in prior financial year | |
| - | | |
| (26,072 | ) | |
| 98,155 | | |
| 77,057 | |
| Current income tax | |
| 33,361 | | |
| (6,927 | ) | |
| 321,728 | | |
| 252,573 | |
| Deferred tax benefit | |
| | | |
| | | |
| | | |
| | |
| Origination and reversal of temporary differences | |
| (17,508 | ) | |
| (11,124 | ) | |
| (68,224 | ) | |
| (53,559 | ) |
| Income tax expense | |
| 15,853 | | |
| (18,051 | ) | |
| 253,504 | | |
| 199,014 | |
|
| Schedule of reconciliation between tax expense and product |
A
reconciliation between tax expense/(benefit) and the product of accounting profits/(loss) multiplied by Singapore corporate income tax
rate for the financial years ended April 30, 2024, 2025 and 2026 were as follows:
Schedule
of reconciliation between tax expense and product
| | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2026 | | |
April 30, 2026 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Profit/(Loss) before income tax | |
| 2,023,322 | | |
| 24,929 | | |
| (2,079,562 | ) | |
| (1,632,565 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Tax calculated at tax rate of 17% (2025 and 2024: 17%) | |
| 343,965 | | |
| 4,238 | | |
| (353,526 | ) | |
| (277,536 | ) |
| Effects of: | |
| | | |
| | | |
| | | |
| | |
| Income not subject to tax | |
| (73,980 | ) | |
| (6,330 | ) | |
| (3,939 | ) | |
| (3,092 | ) |
| Expenses not deductible for tax purposes | |
| 21,114 | | |
| 90,442 | | |
| 363,421 | | |
| 285,303 | |
| Tax concessions and deductions | |
| (17,425 | ) | |
| (17,425 | ) | |
| (2,423 | ) | |
| (1,902 | ) |
| Deferred tax assets not recognized/(utilized) | |
| (257,821 | ) | |
| (62,904 | ) | |
| 151,816 | | |
| 119,184 | |
| (Over)/Under provision in prior financial year | |
| - | | |
| (26,072 | ) | |
| 98,155 | | |
| 77,057 | |
| Income tax expense | |
| 15,853 | | |
| (18,051 | ) | |
| 253,504 | | |
| 199,014 | |
|
| Schedule of unrecognized deferred tax assets |
The
movement in unrecognized deferred tax assets is shown below:
Schedule
of unrecognized deferred tax assets
| | |
Capital
allowances | | |
Tax losses | | |
Donations | | |
Total | |
| | |
SGD | | |
SGD | | |
SGD | | |
SGD | |
| | |
| | |
| | |
| | |
| |
| At May 1, 2023 | |
| 138,214 | | |
| 3,495,892 | | |
| 13,750 | | |
| 3,647,856 | |
| Addition | |
| - | | |
| (1,540,331 | ) | |
| 23,738 | | |
| (1,516,593 | ) |
| At April 30, 2024 | |
| 138,214 | | |
| 1,955,561 | | |
| 37,488 | | |
| 2,131,263 | |
| Addition/(Utilization) | |
| 22,367 | | |
| (397,889 | ) | |
| 5,500 | | |
| (370,022 | ) |
| At April 30, 2025 | |
| 160,581 | | |
| 1,557,672 | | |
| 42,988 | | |
| 1,761,241 | |
| (Utilization)/Addition | |
| (61,169 | ) | |
| 989,693 | | |
| (35,488 | ) | |
| 893,036 | |
| At April 30, 2026 | |
| 99,412 | | |
| 2,547,365 | | |
| 7,500 | | |
| 2,654,277 | |
|
| Schedule of deferred tax assets not recognized |
Schedule of deferred tax assets not recognized
| | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2026 | | |
April 30, 2026 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Deferred tax assets not recognized | |
| 362,315 | | |
| 299,411 | | |
| 451,227 | | |
| 354,237 | |
|