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TRADE RECEIVABLES, CONTRACT ASSETS, PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES (Tables)
 6 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Trade Receivables Contract Assets Prepayment Deposits And Other Receivables    
SCHEDULE OF TRADE RECEIVABLES
   At
30 September 2024		   At
31 March 2024		 
   USD   USD 
Trade receivables   95,100    186,966 
Less: loss allowance   (10,336)   (4,632)
Trade receivables total   84,764    182,334 

 

   At
31 March 2024		   At
31 March 2023		 
   USD   USD 
Trade receivables   186,966    294,820 
Less: loss allowance   (4,632)   (5,032)
Total   182,334    289,788 
SCHEDULE OF ANALYSIS OF TRADE RECEIVABLES

An aging analysis of the trade receivables as at the end of the reporting period, based on the invoice date and net of loss provision, is as follows:

 

 SCHEDULE OF ANALYSIS OF TRADE RECEIVABLES

   At
30 September 2024		   At
31 March 2024		 
   USD   USD 
Less than 1 month   66,841    85,740 
Between 1 month and 3 months   8,405    59,905 
Over 3 months   9,518    36,689 
    84,764    182,334 

An aging analysis of the trade receivables as at the end of the reporting period, based on the invoice date and net of loss provision, is as follows:

 

   At
31 March 2024		   At
31 March 2023		 
   USD   USD 
Less than 1 month   85,740    74,078 
Between 1 month and 3 months   59,905    135,691 
Over 3 months   36,689    80,019 
Trade receivables total   182,334    289,788 
SCHEDULE OF LOSS ALLOWANCE FOR IMPAIRMENT OF TRADE RECEIVABLES

The movements in the loss allowance for impairment of trade receivables are as follows:

 

 SCHEDULE OF LOSS ALLOWANCE FOR IMPAIRMENT OF TRADE RECEIVABLES

   Six months ended
30 September 2024		   Year ended
31 March 2024		 
   USD   USD 
At the beginning of the period/year   4,632    5,032 
Provision for the year   10,966    2,200 
Written-off for the period   (4,314)   - 
Reversal for the year   (948)   (2,600)
At the end of the period/year   10,336    4,632 

The movements in the loss allowance for impairment of trade receivables are as follows:

 

   Year ended
31 March 2024		   Year ended
31 March 2023		 
   USD   USD 
At the beginning of the year   5,032    - 
Provision for the year   2,200    5,032 
Reversal for the year   (2,600)   - 
At the end of the year   4,632    5,032 
SCHEDULE OF CONTRACT ASSETS
   At
30 September 2024		   At
31 March 2024		 
   USD   USD 
Contract Assets   87,382    69,354 

 

   At
31 March 2024		   At
31 March 2023		 
   USD   USD 
Contract Assets   69,354    26,989 
SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES
      At   At 
   Note  30 September 2024   31 March 2024 
      USD   USD 
Current:             
Deposits  (a)   35,261    35,261 
Prepayments      47,425    34,197 
Other receivables  (b)   381,256    184,018 
       463,942    253,476 
Non-current:             
Deposit  (a)   35,431    35,431 

 

(a) Current deposits represent amounts paid to an employment agency in Germany. Non-current deposit of $35,431 (31 March 2024: $35,431) represents a deposit for a long-term lease of office space in Monaco. Deposit of $34,579 was originally paid by a related party and is shown as an amount due to related party of the balance sheet.

 

(b) Other receivables mainly comprised deferred transaction costs in connection with the planned IPO of the Group of $380,691 (31 March 2024: $142,633) (the “IPO expenses”) and an outstanding balance with payment channel, Stripe, of $565 (31 March 2024: $41,385). The IPO expenses shall be deducted against equity upon the successful IPO or charged to the statement of profit or loss if the IPO is unsuccessful.

 

      At   At 
   Notes  31 March 2024   31 March 2023 
      USD   USD 
Current:             
Deposits  (a)   35,261    - 
Prepayments      34,197    43,250 
Other receivables  (b)   184,018    142 
Prepayment, deposits and other receivables      253,476    43,392 
Non-current:             
Deposit  (a)   35,431    - 

 

(a) Current deposits represent amounts paid to an employment agency in Germany.  Non-current deposit of $35,431 (2023: $Nil) represents a deposit for a long-term lease of office space in Monaco.  Deposit of $34,579 was originally paid by a related party and is shown as an amount due to related party of the balance sheet.
   
(b) Other receivables mainly comprised deferred transaction costs in connection with the planned initial public offering of the Group of $142,633 (the “IPO expenses”) and an outstanding balance with payment channel, Stripe, of $41,385.  The IPO expenses shall be deducted against equity upon the successful IPO or charged to the statement of profit or loss if the IPO is unsuccessful.