New to this - wanting a laser engraver/cutting machine!

I don't know if this is the right kind of forum, I'm not sure if CNC is what I want or how it differs from a laser engraver and cutting machine like an HPC. I make wooden toys and would like to be able to personalize them with a child's name. I'm looking at the HPC desktop for £1125 and I need to know things like, will it work on the wood I use, does it need to be done in a really ventilated place, how noisy is it, etc!

Thanks!