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Contracts receivable, net
12 Months Ended
Jun. 30, 2024
Contracts Receivable Net  
Contracts receivable, net

4. Contracts receivable, net

 

Contracts receivable, net consisted of the following:

 

Schedule of Contract Receivables Net 

   2023   2024   2024 
   As of June 30, 
   2023   2024   2024 
   GBP   GBP   US$ 
Contracts receivable   1,035,969    1,621,149    2,049,131 
Less: allowance for expected credit losses   (150,476)   (58,202)   (73,567)
Total contracts receivable, net   885,493    1,562,947    1,975,564 

 

Movements of allowance for expected credit losses were as follows:

 

Schedule of Movements in Allowance for Expected Credit Losses

   2023   2024   2024 
   As of June 30, 
   2023   2024   2024 
   GBP   GBP   US$ 
Balance, beginning of the year   159,899    150,476    190,202 
Reversal   (9,423)   (92,274)   (116,635)
Balance, end of year   150,476    58,202    73,567