Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 203

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 203
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 of 
 September 30, 
          2024 |
|:-----------------|:----|----------:|:----|--------------:|
|                  |     |       US$ |     |           US$ |
|                  |     |  -Audited |     |    -Unaudited |
| Representing:    |     |           |     |               |
| Within 12 months |     |   187,288 |     |       196,433 |
| Over 1 year      |     |   434,140 |     |       935,971 |
|                  |     |   621,428 |     |     1,132,404 |

As of September 30, 2024, bank borrowing as obtained from a financial institution in Hong Kong, which bear annual interest at a fixed rate from 4.08% to 5.04% and are repayable by monthly instalments from 5 years to 10 years. The Company’s bank borrowings are guaranteed loans with other terms and conditions. Interest related to the bank borrowings was approximately US$25,874 and US$32,063 for the financial year ended March 31, 2024 and for the six months ended September 30, 2024, respectively.

F-37

K-TECH SOLUTIONS COMPANY LIMITED Notes to the unaudited INTERIM CONDENSED combined financial statements NOTE 9 — ACCOUNTS PAYABLES, OTHER PAYABLES AND CONTRACT LIABILITIES

|                      |     |     As of 
 March 31, 
      2024 |     |         As of 
 September 30, 
          2024 |
|:---------------------|:----|----------:|:----|--------------:|
|                      |     |       US$ |     |           US$ |
|                      |     |  -Audited |     |    -Unaudited |
| Accounts payable     |     |   987,666 |     |     1,656,014 |
| Accrued expenses     |     |     8,631 |     |       215,195 |
| Contract liabilities |     |   518,441 |     |       436,338 |
|                      |     | 1,514,738 |     |     2,307,547 |

The Company records contract liabilities from customers when cash payments are received or due in advance of performance. NOTE 10 — AMOUNTS DUE