Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 152

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 152
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638,743  

NOTE 4 - ACCOUNTS RECEIVABLES, NET

Accounts receivables, net consisted
of the following

                                            As of March 31,                                          
                                            2025                                2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
                                            US$                                 US$                  
  Accounts receivables – third parties                           1,397,842                1,234,810  
  Less: allowance for credit losses                                ( 9,927                  ( 9,830  
  Accounts receivables, net                                      1,387,915                1,224,980  

The following table presents
the activities in the allowance for credit losses as of March 31, 2024 and 2025.

                                          As of March 31,                                    
                                          2025                            2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────
                                          US$                             US$                
  Balance at April 1,                                          9,830                 11,402  
  Addition/(reversal)                                            199                ( 1,609  
  Exchange difference in translation                           ( 102                     37  
  Balance at March 31,                                         9,927                  9,830  

For the financial years
ended March 31, 2024 and 2025, the Company made provision for estimated credit losses. The Company has not experienced any significant
bad debt write-offs of accounts receivable in the past.

F-14

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 5 - PREPAYMENTS, DEPOSITS AND
OTHER RECEIVABLES

                         As of March 31,                                     
                         2025                              2024              
 ─────────────────────────────────────────────────────────────────────────────
                         US$                               US$               
  Utility deposits                                387                   383  
  Prepayments                                 438,563                11,317  
  Other receivables                            15,750                15,607  
  Total                                       454,700                27,307  

NOTE 6 - LEASES

Finance leases

The Company lease office for
varying periods in Hong Kong. As the majority of the leases do not provide an implicit rate, the Company used an incremental borrowing
rate based on the information available at commencement date in determining the present value of lease payments.

The Company’s lease agreements do not contain