Assuming you already have a windows computer and a turntable....
Do you have the turntable hooked up to a receiver PHONO input for listening?
If so, you can run a cable from the TAPE OUT on your receiver into the LINE IN on your computer. All you need is some software to record WAV files and write audio CDs and you're good to go. If your receiver doesn't have a PHONO input you may need an outboard PHONO preamp - there are many available from low priced to high end models.
Do the following:
* Hook the output of the receiver or the preamp whichever the case may be to the 1/8" LINE IN on your computer. You'll need a cable with L/R RCA jacks on one side and a 1/8" stereo mini plug on the other. You can find this at Radio Shack or a million other places.
* Find a recording program, you may already have one if you have Nero - there are millions of these programs out there. If you don't know what you have or are starting from scratch and don't know what you need, Cakewalk Pyro
http://www.cakewalk.com/Products/Pyro/default.asp is a good tool that I've had good experience with. Recommended.
* Set your levels using the windows sound card options. Make sure you're not clipping - there should be some headroom. If you can, select 44.1Khz 24 bit files. CD is 16 bit, but when you make a CD it will convert automatically for you.
* Record to the WAV file. After you've recorded, you can delete the beginning, end, time between turning the LP over, etc.
* Run any scratch and click removal programs you want to - Pyro I believe comes with some click removal tools built in.
* Author the CD - Again, Pyro allows you to set up your track marks and stuff here.
It's not overly complicated to do this, but it's not too simple either.