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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule of Statutory Effective Tax Rate

The following table reconciles Singapore statutory rates to the Company’s effective tax rate:

		For the Years Ended December 31,
		2022				2023				2024				2024
		S$				S$				S$				$
Income tax expenses
Current income tax expenses			112,457				—				20,597				15,076
Deferred income tax (benefit)/expenses			(1,402	)			478,009				(186,547	)			(136,544	)
Income tax expenses (benefit)			111,055				478,009				(165,950	)			(121,468	)
Income before tax			728,780				2,868,175				(1,197,088	)			(876,218	)
Singapore statutory income tax rate			17	%			17	%			17	%			17	%
Income tax expenses computed at Singapore statutory rate			123,893				487,590				(203,505	)			(148,957	)
Reconciling items:
Non-deductible expenses			4,587				7,530				5,916				4,331
Tax exemption and rebates			(17,425	)			—				—				—
Difference from the effect of tax rates in a foreign jurisdiction			—				—				31,639				23,158
Others			—				(17,111	)			—				—
Income tax expenses (benefit)			111,055				478,009				(165,950	)			(121,468	)

Schedule of Deferred Tax Assets and Liabilities

The Company measures deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities at the applicable tax rates. Components of the Company’s deferred tax asset and liability are as follows:

		As of December 31,
		2023				2024				2024
		S$				S$				$
Deferred tax assets
Allowance for credit losses			—				10,369				7,590
Lease liabilities			35,415				66,845				48,928
Net operating loss carry-forwards			226,384				150,781				110,364
Depreciation			—				7,421				5,432
Deferred tax liabilities
Right-of-use assets			(33,244	)			(66,416	)			(48,614	)
Depreciation			(6,586	)			—				—
Unbilled revenue			(800,352	)			(560,836	)			(410,507	)
Deferred tax liabilities, net			(578,383	)			(391,836	)			(286,807	)

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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