With the latest update to Skype app on Android you now have Android Wear integration. You will now be able to check notifications and view messages on your Android Wear smartwatch with the new Skype v6.4. You would also be able to reply with emojis, voice alongwith sending pre-configured responses. The Android Wear app will also let you accept or decline calls, and when on a call you can hang-up, pause, mute or even switch to another incoming call.
You can check for updates at the link below.
Google Play: Skype
Source: Skype Blog