Compaq 2700 <Windows root>\system32\ntoskrnl. exe is missing or corrupt

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I tried to find the link to introduce myself, and couldnt. I am not very technically advanced. My laptop (its an older one with windows xp operating system home) (my new one was stolen and I am quite depressed about it) now this problem.
I am using my sons laptop now.

I do not have any discs but blank ones. Can someone halp me? My computer will not start, it just displays that message, and when i press f8, safe mode and everything comes up but it never does anything
 
The hard drive (boot drive) is bad or its contents are corrupted. With no discs, you might want to take it to a friend or to a repair shop to have it repaired
 
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