Contract assets, net

12 Months Ended

Jun. 30, 2024

Contract Assets Net

Contract assets, net

5. Contract assets, net

Contract assets, net consisted of the following:

	As of June 30,
	2023			2024			2024
	GBP			GBP			US$
Balance, beginning of the year		28,721			46,210			58,409
Addition		46,210			576,679			728,922
Contract assets reclassify to contracts receivable		(28,721	)		(46,210	)		(58,409	)
Balance, end of the year		46,210			576,679			728,922
Less: allowance for expected credit losses		-			(14,480	)		(18,302	)
Total contract assets, net		46,210			562,199			710,620

Movements of allowance for expected credit losses were as follows:

	As of June 30,
	2023		2024		2024
	GBP		GBP		US$
Balance, beginning of the year		-		-		-
Addition		-		14,480		18,302
Balance, end of year		-		14,480		18,302