yes... skills go past 100
However... skill level has less impact on effect than the perks in the trees do...
ie; 100 1hand skill only gives you something like +24% damage or something like that.... so another +25 1hand skill will only raise damage by 6%
Of course... with 1hand the enchant is a flat damage increase... but you get what I'm saying.... Skill level really doesn't help much compared to perks or flat % boosts.