L's for 1week and bike wont go zx2r(a)

I am so disappointed brought a zx2r250 the other day - deliberately brought one in good condition and low kms. Rode it for a week and now wont go. here's the story so far:
Registered the bike on thursday, rode it to work thursday, friday and saturday. Went on a out of town ride for a good couple of hours on sunday, rode it to work sunday night and when I got home could smell petrol. Went to go to work monday morning and bike started and stalled (could still smell petrol) Had to walk to work. When returned home bike was sitting in a puddle of petrol. Had a mate come around pulled tank off and air filter out and checked carbies - first couple of times bike would start but then no rpms and eventually stalled. Fooled around looking reconnected fuel tank and bike started and worked perfectly put everything back together and got dressed for ride and bike would not start, petrol started leaking from sump area of bike. Gave the carbies a tap as I expected maybe needle and seat jammed and drained bowls - bike still wouldnt start. As I am a novice to bikes I took it the the local motorbike shop (only have a honda dealer in town). Told mechanic what was going on and he cleaned carbies and reset float level stated they were a little dirty also stated that sump was full of petrol and oil. new plugs, oil bike still would start for mechanic he stated that valves needed adjusting. Mechanic did valve adjustment , bike still wouldnt start. stated he then did a compression test and found cylinder 1 was running at 90psi and the remainder 4 cylinders running at 140psi said he would fiddle with timing again. mechanic tryed areo start and bike still wouldnt start I rang him in a week now tells me he put a new compression tester on and motor is stuffed requires a total rebuild - needless to say told him I will take it elsewhere. Can anybody give me some pointers on what could be wrong? (mechanic did say plugs were wet and there was spark- reckons low compression is the issue). Intend on doing my own compression test before taking it to a dealer out of town. I dont want to sound like a novice so any help/ideas would be appreciated.
Registered the bike on thursday, rode it to work thursday, friday and saturday. Went on a out of town ride for a good couple of hours on sunday, rode it to work sunday night and when I got home could smell petrol. Went to go to work monday morning and bike started and stalled (could still smell petrol) Had to walk to work. When returned home bike was sitting in a puddle of petrol. Had a mate come around pulled tank off and air filter out and checked carbies - first couple of times bike would start but then no rpms and eventually stalled. Fooled around looking reconnected fuel tank and bike started and worked perfectly put everything back together and got dressed for ride and bike would not start, petrol started leaking from sump area of bike. Gave the carbies a tap as I expected maybe needle and seat jammed and drained bowls - bike still wouldnt start. As I am a novice to bikes I took it the the local motorbike shop (only have a honda dealer in town). Told mechanic what was going on and he cleaned carbies and reset float level stated they were a little dirty also stated that sump was full of petrol and oil. new plugs, oil bike still would start for mechanic he stated that valves needed adjusting. Mechanic did valve adjustment , bike still wouldnt start. stated he then did a compression test and found cylinder 1 was running at 90psi and the remainder 4 cylinders running at 140psi said he would fiddle with timing again. mechanic tryed areo start and bike still wouldnt start I rang him in a week now tells me he put a new compression tester on and motor is stuffed requires a total rebuild - needless to say told him I will take it elsewhere. Can anybody give me some pointers on what could be wrong? (mechanic did say plugs were wet and there was spark- reckons low compression is the issue). Intend on doing my own compression test before taking it to a dealer out of town. I dont want to sound like a novice so any help/ideas would be appreciated.