Company: KMRK
Filing Date: 2025-03-07
Form Type: DRS/A
Source: 0001213900-25-021451
Chunk: 188

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-03-07
Form: DRS/A
Chunk 188
---
 | ) |
| Exchange difference in translation |     |            (645 | ) |     |     37 |   |
| Balance at March 31,               |     |          11,402 |   |     |  9,830 |   |

For the financial years ended March 31, 2024 and 2023, the Company made provision for estimated credit losses. The Company has not experienced any significant bad debt write -offsof accounts receivable in the past.

F-14

K -TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY NOTES TO COMBINED FINANCIAL STATEMENTS
(Currency expressed in United States Dollars (“US$”) NOTE 5 — PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

|                   |     | As of March 31, |     |        |
|                   |     |            2023 |     |   2024 |
|                   |     |             US$ |     |    US$ |
| Utility deposits  |     |             382 |     |    383 |
| Prepayments       |     |           6,518 |     | 11,317 |
| Other receivables |     |          15,554 |     | 15,607 |
| Total             |     |          22,454 |     | 27,307 |

NOTE 6 — LEASES Operating 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 any material guarantees and restrictive covenants. The Company does not have any sublease activities. Short -termlease, defined as leases with initial term of 12 months or less, are reflected on the combined balance sheets. For purposes of calculating lease liabilities for such leases, the Company have combined lease and non -leasecomponents.

|                                     |     | Year ended March 31, 
                 2023 |     |    2024 |
|:------------------------------------|:----|---------------------:|:----|--------:|
|                                     |     |                  US$ |     |     US$ |
| Operating lease expenses:           |     |                      |     |         |
| Amortization of right-of-use assets |     |              133,411 |     | 182,543 |
|