In a large bowl, mix together the Butter, Sugar, Brown Sugar, Egg, and Vanilla, until creamy and fluffy. In a separate bowl, add the Flour, Salt, Baking Powder, and Baking Soda, and mix well. Add the Flour mixture to the Butter mixture a little at a time, stirring between additions, until all the flour has been added, and the mixture is like Cookie dough. Add Sprinkles and M&M's to the bowl, and gently fold into the dough.