Income tax expense/(benefit) (Tables)
|
12 Months Ended |
Apr. 30, 2025 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of components of income tax expense recognized in profit or loss |
The
major components of income tax expense/(benefit) recognized in profit or loss for the years ended April 30, 2023, 2024 and 2025 were:
Schedule
of components of income tax expense recognized in profit or loss
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Current income tax expense/(benefit) | |
| | | |
| | | |
| | | |
| | |
| Current year’s provision | |
| 28,036 | | |
| 33,361 | | |
| 19,145 | | |
| 14,666 | |
| Under/(Over) provision in prior financial year | |
| 28,091 | | |
| - | | |
| (26,072 | ) | |
| (19,972 | ) |
| Current income tax | |
| 56,127 | | |
| 33,361 | | |
| (6,927 | ) | |
| (5,306 | ) |
| Deferred income tax | |
| | | |
| | | |
| | | |
| | |
| Origination and reversal of temporary differences | |
| (18,596 | ) | |
| (17,508 | ) | |
| (11,124 | ) | |
| (8,522 | ) |
| Income tax expense | |
| 37,531 | | |
| 15,853 | | |
| (18,051 | ) | |
| (13,828 | ) |
|
| Schedule of reconciliation between tax expense and product |
A
reconciliation between tax expense/(benefit) and the product of accounting profits multiplied by Singapore corporate income tax rate for the financial
years ended April 30, 2023, 2024 and 2025 were as follows:
Schedule
of reconciliation between tax expense and product
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Profit before income tax | |
| 821,266 | | |
| 2,023,322 | | |
| 24,929 | | |
| 19,098 | |
| | |
| | | |
| | | |
| | | |
| | |
| Tax calculated at tax rate of 17% (2024 and 2023: 17%) | |
| 139,615 | | |
| 343,965 | | |
| 4,238 | | |
| 3,247 | |
| Effects of: | |
| | | |
| | | |
| | | |
| | |
| Income not subject to tax | |
| (322,318 | ) | |
| (73,980 | ) | |
| (6,330 | ) | |
| (4,849 | ) |
| Expenses not deductible for tax purposes | |
| 16,469 | | |
| 21,114 | | |
| 90,442 | | |
| 69,284 | |
| Tax concessions and deductions | |
| (41,854 | ) | |
| (17,425 | ) | |
| (17,425 | ) | |
| (13,348 | ) |
| Deferred tax assets not recognized/(utilized) | |
| 217,528 | | |
| (257,821 | ) | |
| (62,904 | ) | |
| (48,189 | ) |
| Under/(Over) provision in prior financial year | |
| 28,091 | | |
| - | | |
| (26,072 | ) | |
| (19,973 | ) |
| Income tax expense | |
| 37,531 | | |
| 15,853 | | |
| (18,051 | ) | |
| (13,828 | ) |
|
| Schedule of unrecognized deferred tax assets |
The
movement in unrecognized deferred tax assets is shown below:
Schedule
of unrecognized deferred tax assets
| | |
Capital
allowances | | |
Tax losses | | |
Donations | | |
Total | |
| | |
SGD | | |
SGD | | |
SGD | | |
SGD | |
| | |
| | |
| | |
| | |
| |
| At May 1, 2022 | |
| 138,214 | | |
| 2,222,748 | | |
| 5,000 | | |
| 2,365,962 | |
| Addition | |
| - | | |
| 1,273,144 | | |
| 8,750 | | |
| 1,281,894 | |
| At April 30, 2023 | |
| 138,214 | | |
| 3,495,892 | | |
| 13,750 | | |
| 3,647,856 | |
| (Utilization)/Addition | |
| - | | |
| (1,540,331 | ) | |
| 23,738 | | |
| (1,516,593 | ) |
| At April 30, 2024 | |
| 138,214 | | |
| 1,955,561 | | |
| 37,488 | | |
| 2,131,263 | |
| Addition/(Utilization) | |
| 22,367 | | |
| (397,889 | ) | |
| 5,500 | | |
| (370,022 | ) |
| At April 30, 2025 | |
| 160,581 | | |
| 1,557,672 | | |
| 42,988 | | |
| 1,761,241 | |
|
| Schedule of deferred tax assets not recognized |
Schedule of deferred tax assets
not recognized
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Deferred tax assets not recognized | |
| 620,136 | | |
| 362,315 | | |
| 299,411 | | |
| 229,363 | |
|