NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Xelam Limited is a private company limited by shares, incorporated in England and Wales, registration number 13098928. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, United Kingdom, SS4 1DB.
The company is dormant and has not traded in the current or prior period.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
These financial statements have been prepared on a going concern basis. In making this assessment the directors have considered the company's financial position, future plans, and continued support of one of the directors. Taking into account a period exceeding twelve months from the date of approval of these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and are satisfied that no material uncertainties to going concern exist at the date of approval of these financial statements.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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