It's not a bad laptop as far as the specs go. However, be aware that a laptop will not play games as well as a desktop.
It probably could use a format/reinstall, but like you said, you don't have the CDs to reinstall everything. HP laptops use a hidden partition for recovery, and there should be a program installed that will allow you to create a set of recovery discs that you can use to reinstall everything. However, the program's name escapes me right now...
I'll try to figure out that program's name and get back to you.
i noticed it has a recovery drive D: but if u know how i can do as u suggested im all ears