I would reccomend breaking your sentances down and more puncuation. I like the flow of it and the rhymes are pretty solid even if they are a little overused.
I'm going to copy pasta your lyrics n add some space and commas to show ya what I mean
[Verse]
when im high in the sky with you no-one else matters but me and just you
the sky painted in pretty blue, tells a tale bout me an you
[Chorus]
i love you, so dont you dare let me go
if you dare feel the same baby please let me know
cos i cant be without you, i need you each day
cos i love you, i need you, so wont you take me now
[Verse]
I love you, and i think you know that my love it burns from me to just you
inside there aint nobody else who could take away my heart like you.
Now I don't know if that fits how you origionaly thought it would go. But
that's how my mind wants to sing it. I've found spacing it out more let's you
See the basics a bit easier.
Like see how often you rhymed you with its self?
I mean, it works, and its pretty smooth. I'm sure if you had a fantastic
voice and belted it out it would be awesome, but its easy. And has been done
a million times like yogabagaba said. I have a stack of them I've written myself lol
Keep on writing though, I like your fearlessness with such a personal subject. Your on the right track.
I hope there's something helpful in there for you.