Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 182

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 182
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 FASB issued ASU No. 2024-03, Expense Disaggregation Disclosures (“ ASU 2024-03”).
ASU 2024-03 amends ASC 220, Comprehensive Income, to expand income statement expense disclosures and require disclosure in the notes
to the financial statements of specified information about certain costs and expenses. ASU 2024-03 is required to be adopted for fiscal
years commencing after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting the
standard on the consolidated financial statements and related disclosures.

The
Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material
effect on the Company’s consolidated balance sheets, statements of operations and statements of cash flows.

F-16

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
3 - ACCOUNTS RECEIVABLE, NET

Accounts
receivable, net consists of the following:

                                                March 31,                                        
                                                2025                          2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts receivable, gross                    $              1,288,000      $         638,181  
  Less: allowance for expected credit loss                     ( 100,535                ( 4,306  
  Total                                         $              1,187,465      $         633,875  

The
aging analysis of accounts receivable, gross based on the due date is as follow:

                               March 31,                                        
                               2025                          2024               
 ────────────────────────────────────────────────────────────────────────────────
  Not yet past due             $                  6,410      $         612,027  
  Within 30 days past due                     1,028,984                -        
  31 to 60 days past due                              -                26,154   
  Over 90 days                                  252,606                -        
  Total                        $              1,288,000      $         638,181  

The
movement of allowances for expected credit loss is as follow:

                                        March 31,