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Loans and Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Loans and Borrowings [Abstract]

Schedule of Long-Term and Short-Term Loans and Borrowings

Long-term and short-term loans and borrowings are as follows:

		As of December 31,
		2023				2024				2024
		S$				S$				$
Total loans and borrowings			1,266,265				835,800				611,770
Less: loans and borrowings – current			429,603				256,729				187,915
Loans and borrowings – non-current			836,662				579,071				423,855

Schedule of Bank Borrowings

Bank borrowings comprised of the following:

												As of December 31,
Loans and		Principal				Maturity		Interest		Repayment
borrowings		amount				Date		Rate		Method		2023				2024				2024
		S$										S$				S$				$
DBS SME Working Capital Loan			50,000			August 5, 2024		Fixed at 7.00%		Monthly Repayment			7,663				-				-
Standard Chartered Bank Enterprise Financing Temporary Bridging Loan I			452,000			March 31, 2024		6.25% below prevailing Business Instalment Loan Board Rate, subject to a cap of 5%		Monthly Repayment			39,149				-				-
Standard Chartered Bank Enterprise Financing Temporary Bridging Loan II			275,000			July 31, 2025		4.12% below prevailing Business Instalment Loan Board Rate, subject to a cap of 5%		Monthly Repayment			150,339				56,322				41,225
ETHOZ Capital Ltd Temporary Bridging Loan			300,000			November 29, 2024		Fixed at 5.00%		Monthly Repayment			105,010				-
ANEXT Bank Loan			300,000			January 26, 2028		Fixed at 8.80%		Monthly Repayment			254,370				200,223				146,555
Standard Chartered Bank Business Installment Loan			300,000			August 31, 2028		0.72% below prevailing Business Instalment Loan Board Rate		Monthly Repayment			282,664				230,670				168,841
OCBC Business Term Loan			300,000			August 31, 2028		4.25% below prevailing Business Term Rate		Monthly Repayment			285,360				233,111				170,627
DBS SME Working Capital Loan II			150,000			August 9, 2028		Fixed at 7.75%		Monthly Repayment			141,710				115,474				84,522
Total loans and borrowings													1,266,265				835,800				611,770

Schedule of Company’s Outstanding Loans and Borrowings

The maturity dates for the Company’s outstanding loans and borrowings as of December 31, 2024 are as follows:

		S$				$
2025			313,950				229,798
2026			256,713				187,903
2027			256,712				187,902
2028			129,200				94,569
Thereafter			—				—
Total loans and borrowings			956,575				700,172
Less: Imputed interest			(120,775	)			(88,402	)
Present value of loans and borrowings			835,800				611,770

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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