You can try using a view with the Boxed or Newsletter styles. They are not
perfect but may help.

The presentation on the page  does show one record  per page when I used
the Boxed style. However the only option I found to print  was File ->
Print. This printed the entire web page i.e. The items on the top (menu)
and the side menu etc., I need to print only the contents of that record
i.e. Labels and values.

Yes... It's not good is it.
Apparently you can create your own templates - but I'm a novice so don't
know how to do this.

There's an MSDN article on creating your own custom style here:
msdn.microsoft.com/.../h\
tml/ODC_WSSAddingCustomViewStyle.asp