Registered number
13440608
Rainbowpay Ltd
Filleted Accounts
30 June 2024
Rainbowpay Ltd
Registered number: 13440608
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 348,610 440,857
Cash at bank and in hand 181,779 57,676
530,389 498,533
Creditors: amounts falling due within one year 4 (815,989) (756,143)
Net current liabilities (285,600) (257,610)
Net liabilities (285,600) (257,610)
Capital and reserves
Called up share capital 1 1
Profit and loss account (285,601) (257,611)
Shareholder's funds (285,600) (257,610)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Maunick
Director
Approved by the board on 24 March 2025
Rainbowpay Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors - 152,856
Other debtors 348,610 288,001
348,610 440,857
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 4,946
Amounts owed to undertakings which has an interest in the company 553,786 633,870
Taxation and social security costs 262,203 98,350
Other creditors - 18,977
815,989 756,143
5 Related party transactions
The company acts on behalf of and is an agent of Flexen Ltd, a company incorporated and based
in Cyprus. The outstanding balance owed to Flexen Ltd as at the year end was £553,786 (2023: £633,870).

The company, Rainbowpay Ltd, incurred its own expenses during the year, however it did not received any income.
6 Other information
Rainbowpay Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Blinkbox Business Complex
Western Road
Deal
Kent
CT14 6PJ
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