v3.24.4
SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES (Details) - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Mar. 31, 2023
Trade Receivables Contract Assets Prepayment Deposits And Other Receivables      
Deposits $ 35,261 [1] $ 35,261 [1],[2] [2]
Prepayments 47,425 34,197 43,250
Other receivables 381,256 184,018 [3] 142 [3]
Prepayment, deposits and other receivables 463,942 253,476 43,392
Deposit $ 35,431 [1] $ 35,431 [1],[2] [2]
[1] Accruals include audit fees, professional fees, salaries and holiday pay accruals for employees, and others associated with the on-going running of the Group. Increase from 31 March 2024 is mainly due to additional accrued professional fees in connection with the planned IPO of the Company.
[2] 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.
[3] 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.