Accrued Expenses, Deposit Received and Other Payables

6 Months Ended

Nov. 30, 2024

Payables and Accruals [Abstract]

Accrued Expenses, Deposit Received and Other Payables

Note 16. Accrued Expenses, Deposit Received and Other Payables

Accrued expenses, deposit received and other payables consist of the following:

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Accrued Expenses		459,365		531,071		(71,706	)
Deposit Received		66,989		66,989		-
Other Payables		112,431		340,038		(227,607	)
Total		638,785		938,098		(299,313	)

Accrued expenses balance $459,365 consists payroll related costs, legal fee, audit fee and VAT payable. Deposit received balance $66,989 is the warranty for usage of brand name. Other payables balance $112,431 includes the provision $82,873 for business dispute with a customer in the year 2020, short term borrowing from third party $20,580 and $8,978 is the refundable intention fees.

As of November 30, 2024 and May 31, 2024, the accrued expenses, deposit received and other payables balances are $638,785 and $938,098 respectively, as compared that is a decrease of $299,313. The decrement is mainly due to short term borrowing from third party $227,607 and accrued expenses $71,706 for consultancy fee, audit fee and payroll related costs and.