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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 1,080,514 $ 323,958
Accounts receivable, net 1,643,568 3,323,520
Contract assets 6,098,497 3,150,729
Deposits, prepayments and other current assets 20,925 38,780
Total current assets 8,843,504 6,915,342
Non-current assets    
Property and equipment, net 1,223,100 11,923
Right-of-use assets – finance lease 216,065 343,182
Life insurance policy, cash surrender value 160,891 155,751
Contract assets 740,600 70,819
Deferred costs 704,568 783,221
Deferred tax assets 150 2,256
Total non-current assets 3,045,374 1,367,152
Total assets 11,888,878 8,282,494
Current liabilities    
Accounts payable 3,166,177 1,884,046
Bank borrowings 3,818,453 3,823,633
Finance lease liabilities 67,372 84,959
Accrued expenses and other current liabilities 136,791 83,351
Income tax payable 552,670 305,590
Total current liabilities 7,741,463 6,181,579
Non-current liabilities    
Bank borrowings 3,033,780 1,498,485
Finance lease liabilities 114,495 216,373
Deferred tax liabilities 878 3,167
Total non-current liabilities 3,149,153 1,718,025
Total liabilities 10,890,616 7,899,604
Shareholders’ equity    
Ordinary shares, 100,000,000 shares authorized; USD0.0005 par value, 11,250,000 and 11,250,000 shares issued and outstanding, as of March 31, 2024 and 2023, respectively 5,625 5,625
Subscription receivable (5,625) (5,625)
Additional paid in capital 1,282 1,282
Retained earnings 996,980 381,608
Total shareholders’ equity 998,262 382,890
Total liabilities and shareholders’ equity 11,888,878 8,282,494
Related Party [Member]    
Current assets    
Due from a related party $ 78,355